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NFL Approves Tom Brady’s Raiders Ownership Stake

October 15th, 2024 at 9:59pm CST by Sam Robinson

Nearly 18 months after Tom Brady agreed to buy a stake in the Raiders, NFL owners have finally approved the measure. The all-time QB great-turned-broadcaster is now a part-owner of the AFC West franchise, NFL.com’s Ian Rapoport tweets.

Brady’s ownership effort receiving the necessary 24 votes Tuesday both finishes his long-running bid to become a part-owner and ensures he will not make a comeback as a player. Brady, 47, had teased the idea as being on his radar — a late-season comeback, that is — but owners were not open to the idea of the 23-year veteran being a part-owner who also plays for a team. The current lead FOX analyst is OK with this and will move into the unique position of being an NFL owner who is also a broadcaster.

Brady is in at roughly 5% of the Raiders, with SI.com’s Albert Breer noting another 5% going to business partner/Knighthead Capital Management co-founder Tom Wagner. With Wagner part of Brady’s group, the latter technically holds a 10% stake in the Las Vegas NFL franchise. Brady had recently raised his ownership bid, doing enough to move this journey into the end zone.

Providing financial details on this transaction, Ben Fisher and Austin Karp of the Sports Business Journal report the deal will see Brady and Wagner pay $220MM in equity along with $24MM which will go to the league’s other owners as a condition of the franchise’s move to Vegas. The Raiders’ valuation for the purpose of Brady and Wagner’s addition is roughly $3.5 billion, per the report. Forbes’ most recent valuation checked in at $6.7 billion.

Hall of Famer Richard Seymour, who was believed to have been separated from the Brady stake, is a part-Raiders owner at 0.5%, Breer adds. Seymour did not need to wait nearly as long as Brady did on the ownership front, with a few owners meetings coming and going without the matter being part of an official discussion. That changed Tuesday.

Mark Davis agreed to sell a stake to Brady in May 2023; the two were already partners in the WNBA, with Brady buying a piece of Davis’ Las Vegas Aces franchise. Owners took issue with Brady’s stake price and then expressed concerns about the conflict of interest FOX’s first-team color commentator also owning part of a team. The price issue was ironed out months ago, and going into this season, the NFL imposed a round of Brady-only restrictions that prevent him from attending team facilities or taking part in player and coach broadcast meetings.

The restrictions certainly limit Brady’s ability to do his FOX job, but he did not back down from this Raiders ownership pursuit. As a result, Brady will continue to broadcast without going through the usual pregame work his contemporaries do. Owners’ concern also included Brady appearing at a Raiders practice late last season, putting the eventual limitations in motion, but the recently retired quarterback had said he planned to play a passive role as an owner. That also may be subject to change.

Brady should be expected to have a prominent voice as a Raiders part-owner, an NFL source informed the Las Vegas Review-Journal’s Vincent Bonsignore. He was linked as being involved in the Raiders’ HC and GM searches, though not to the extent Seymour eventually was. If Brady indeed becomes an integral figure in Raiders football decisions, his FOX role may come under additional scrutiny. And Tom Telesco‘s GM power may be conceivably worth questioning. For now, however, the former Patriots and Buccaneers passer is set for dual NFL citizenship of sorts.

A Brady effort to become a player/owner — with Sean Payton as the coach — for the Dolphins produced significant punishment for the AFC East franchise, though at that point, a player/owner effort was not completely off the table. A rule passed last summer, in the wake of Lionel Messi being given equity in Miami’s MLS club, now nixes any NFL player/owner crusades. As a result, Brady’s playing career will officially end.

The 49ers had pursued Brady after his second retirement, seeking to have him start and mentor Brock Purdy. Brady turning down his hometown team, which presented a loaded roster that eventually pushed the Chiefs to the brink of double overtime in Super Bowl LVIII with Purdy at the controls, effectively confirmed he was done playing. While he unretired once and made mention of doing so in an emergency circumstance again this offseason, the book — barring an about-face on an ownership bid he has spent the better part of the past two years pushing for — is closed on Brady the player.

It will now be interesting to see if Brady indeed takes on an active role with the Raiders. Seymour, Brady’s Patriots teammate who played for the Raiders from 2009-12, has been a Davis confidant for a while and was part of the team’s interview process that produced the Telesco-Antonio Pierce pairing. A Hall of Fame defensive lineman, Seymour will now work with his most prominent former teammate in Vegas.

Aidan O’Connell Could Impact Possibility Of Davante Adams Trade?

October 13th, 2024 at 10:30pm CST by Rory Parks

In keeping with recent reports suggesting that the trade market for Raiders wide receiver Davante Adams could be cooling, ESPN’s Adam Schefter confirms that Adams may indeed remain with Las Vegas for the rest of the season. That is primarily because the club continues to push for a second-round pick plus additional compensation in an Adams trade, and it also wants the acquiring team to cover the entirety of Adams’ remaining 2024 base salary.

In addition to the Raiders’ demands – to say nothing of how the Jets’ firing of HC Robert Saleh and the multi-week injury to Saints QB Derek Carr might impact trade talks – a more unexpected factor could play a role in keeping Adams in Nevada. Per Schefter, the Raiders’ recent decision to bench quarterback Gardner Minshew in favor of second-year passer Aidan O’Connell could make Adams reconsider his desire to be traded.

Last year, Adams was frustrated when Las Vegas deployed Jimmy Garoppolo under center, and those frustrations dissipated when O’Connell emerged as the QB1 (a move that Adams endorsed and to which he tied his future with the Raiders). Sources tell Schefter that Adams believes O’Connell is one of the best signal-callers he has played with, and he is intrigued by the prospect of catching passes from the Purdue product once again.

That said, both Schefter and Dianna Russini of The Athletic (subscription required) report that the Jets, Saints, Steelers, and Bills continue to discuss a potential deal with the Raiders. Schefter adds that Pittsburgh brass was expected to continue those discussions in person yesterday, as the Steelers are in Las Vegas for their Week 6 game against the Raiders.

Additionally, Tony Pauline of Sportskeeda hears that an Adams trade could happen as early as next week, and that the Jets are the most aggressive suitor at the moment (last week, New Orleans was reportedly making the hardest push to land the soon-to-be 32-year-old). According to Pauline, the Saleh firing and the subsequent demotion of OC Nathaniel Hackett has not made Adams any less open to playing for Gang Green, but Pauline is in agreement with Schefter that O’Connell’s presence could scuttle trade talks.

Mark Davis is fond of Adams, who is said to have the owner’s ear. Pauline says it is certainly possible that, with O’Connell back in the starting lineup, Adams could ask Davis to break off discussions with rival clubs.

Mike Florio of Pro Football Talk, however, believes the reports indicating that the Raiders could keep Adams are being driven by the team itself in order to create leverage that it does not presently have. After all, regardless of whether Minshew or O’Donnell is at the helm, it is difficult to envision Las Vegas making a deep playoff run, and as a non-contender with a talented but aging player who is due a non-guaranteed $35.6MM base salary in 2025, the only logical move for the Raiders is to deal the decorated wideout.

Likewise, Jonathan Jones of CBS Sports hears from multiple league sources that Las Vegas is merely bluffing. One source said, “feels a bit like Vegas is trying to put the toothpaste back in the tube to salvage Davante’s market. I think everyone knows their only play is to deal him.”

In Florio’s estimation, the Jets are the only club that truly wants Adams at the moment, and Mike Garafolo of the NFL Network hears that this could be a “Jets or bust” situation (video link). Garafolo adds that if New York should win its game against the Bills tomorrow night – which would move Gang Green into first place in the AFC East – the club may be more inclined to make a bold strike for their long-desired target (even though Jones, contrary to Pauline, says the Saleh firing has indeed made Adams a little more wary of going to the Jets).

Adams will be sidelined for today’s matchup with the Steelers due to a hamstring ailment. It will mark his third straight absence.

Tom Brady Ownership Deal With Raiders To Be Discussed This Week; Not As Sure As Some Think?

October 13th, 2024 at 9:34pm CST by Ely Allen

The NFL’s team owners are set to meet in Atlanta this Tuesday, and according to Mark Maske of The Washington Post, one of the topics of discussion will likely be an approval vote for former quarterback Tom Brady‘s proposed deal for part-ownership of the Raiders.

The future Hall of Famer has been toying around with several post-NFL careers in the last two years. He currently works as an analyst with FOX Sports, has been pursuing an ownership stake in the Raiders, and many times has seemingly flirted with unretiring a second time. His pursuit of the Raiders’ ownership stake has faced its challenges, though, as many have noted a conflict of interest with his broadcasting duties.

Of course, teams do not want anyone with an ownership stake in a rival outfit having the access and obtaining the inside information that broadcasters often enjoy, and Brady has done little to suggest that his access will be any different than that of his media peers. In fact, the only suggestion has been on the other end of the deal with the idea that Brady would be a “very passive” part-owner.

Still, at points in the last calendar year, Brady’s ownership interest was cleared for approval (but an approval vote was still put on hold), former defensive tackle Richard Seymour joined in Brady’s bid, restrictions on Brady’s duties as an announcer were suggested by the NFL, and Brady upped his offer for the ownership stake, separating from Seymour’s bid in the process.

A source for The Washington Post suggested that a vote could finally be coming this Tuesday. Brady and Tom Wagner, a co-founder of Knighthead Capital Management, are reportedly attempting to purchase 10 percent of the franchise at an alleged discounted price from principal owner Mark Davis. The league informed owners that if the vote goes through, Brady’s access to teams in his broadcasting role would be limited. Those limitations include being barred from production meetings with NFL teams and from being present in teams’ facilities during any team activities.

The vote requires at least 24 of the league’s 32 owners to ratify the deal. It’s been pending with the NFL finance committee since last year but has steadily progressed to the point of a potential vote this week. While some NFL sources, like ESPN’s Adam Schefter, seem to expect the vote to pass as a formality, others, like Mike Florio of NBC Sports, still believe that the vote is not a done deal. Several teams were involved in raising concerns about Brady’s broadcasting access, and if just nine of them still hold reservations, the deal may get declined.

Florio also reports that Seymour’s bid, which, again, was separated from Brady’s, has a better chance of approval. Seymour’s bid has progressed like Brady’s but is unburdened by the conflicts of Brady’s deal. An end to both situations could be in sight this week.

Minor NFL Transactions: 10/12/24

October 12th, 2024 at 8:38pm CST by Ely Allen

Today’s minor transactions, including practice squad callups for Week 6:

Arizona Cardinals

Atlanta Falcons

Baltimore Ravens

Carolina Panthers

Chicago Bears

Cincinnati Bengals

Dallas Cowboys

Denver Broncos

Detroit Lions

Green Bay Packers

Indianapolis Colts

Jacksonville Jaguars

Las Vegas Raiders

Los Angeles Chargers

New York Giants

Philadelphia Eagles

Tampa Bay Buccaneers

Tennessee Titans

Washington Commanders

No Team Coming Close To Raiders’ Davante Adams Asking Price

October 11th, 2024 at 10:15pm CST by Ely Allen

There appeared to be significant movement on the trade front for Raiders wide receiver Davante Adams earlier this week. Trade news was expected as the current teams of both of Adams’ former quarterbacks (Aaron Rodgers‘ Jets and Derek Carr‘s Saints) were trending in the right direction to land the services of the star receiver.

That momentum came to a halt with the firing of Jets head coach Robert Saleh on Tuesday, and now, the Raiders are having trouble finding anyone to reach their asking price.

After making the determination that they would attempt to seek a trade partner for Adams, Las Vegas set its asking price at a second-round draft pick. Initially, the Raiders also realized that Adams’ current contract would serve as an impediment to making a deal happen, so they were reportedly open to covering part of it, but more recently, they have been adamant about not paying a significant portion of the contract. According to veteran NFL reporter Jordan Schultz, who appeared on the VSiN Morning Line this morning, no team has come remotely close to covering either of those demands from the Raiders.

While the firing of Saleh in New York and the strict demands from Las Vegas have placed some severe speed bumps on the road to a trade, the general consensus is that it’s still more likely to happen than not. In a Q&A hosted this afternoon, the Las Vegas Review-Journal’s Vincent Bonsignore spoke on the likelihood of Adams and the Raiders mending their relationship. While he pointed out that one “can never say never in these situations,” and he laid out some pathways that would lead to Adams ultimately staying put, Bonsignore’s overall opinion was that it would “be a surprise if Adams is not traded.”

In regard to Adams’ playing availability, the veteran has missed the past two weeks while reportedly nursing a hamstring injury. While there was initially hope that he would be ready to return this week, Tom Pelissero of NFL Network reports that Adams has officially been ruled out for the team’s Week 6 matchup with the Steelers.

Raiders Place TE Michael Mayer On NFI List

October 11th, 2024 at 4:41pm CST by Adam La Rose

Brock Bowers has enjoyed a strong start to the 2024 season, but his fellow Raiders tight end will be absent for an extended period. Michael Mayer was placed on the reserve/non-football injury list Friday, per a team announcement.

As a result of the move, Mayer will be sidelined for at least the next four games. Specifics on his situation are not yet known, but it was announced a personal matter is the cause for today’s transaction. The 23-year-old suited up for Vegas’ first three games, but he has been absent ever since.

Viewed as one of the top prospects at his position in the 2023 draft class, Mayer was selected early in the second round. That led to high expectations, and he flashed potential with 304 yards and a pair of touchdowns on 27 receptions during his rookie campaign. Known more for his well-rounder skillset than his pass-catching upside, Mayer was joined this offseason by Bowers. One of the most celebrated rookie tight ends in recent memory, the latter – selected 13th overall in April – has already racked up 28 receptions for 313 yards and one score.

Bowers will continue to be leaned on in the passing game moving forward, especially with Davante Adams absent. A deal sending the All-Pro wideout continues to be negotiated, and Bowers could soon stand alone as Vergas’ top target on offense. Week 6 will see Aidan O’Connell start at quarterback after Gardner Minshew struggled in Sunday’s loss to the Broncnos.

O’Connell will be at the helm of a shorthanded offense, though, with Adams out of the fold and Mayer set to miss extended period. Bringing the Notre Dame product back into the fold will give Bowers a notable complement at the TE spot, but it remains to be seen when that will take place.

NFL Practice Squad Updates: 10/10/24

October 10th, 2024 at 8:42pm CST by Adam La Rose

Thursday’s taxi squad moves:

Carolina Panthers

Cleveland Browns

Las Vegas Raiders

New England Patriots

Philadelphia Eagles

Uzomah is a veteran of 106 games stemming from his seven-year run in Cincinnati followed by two years with the Jets. The 31-year-old has topped 400 receiving yards in a season only twice, but he has remained a consistent depth option in the passing game. He will aim to provide a rotational contribution behind Dallas Goedert in Philadelphia.

Minor NFL Transactions: 10/10/24

October 10th, 2024 at 7:04pm CST by Adam La Rose

Thursday’s minor moves, including elevations for the opening game of Week 6:

Cleveland Browns

Green Bay Packers

Las Vegas Raiders

New England Patriots

  • Signed (off Raiders’ practice squad): C Ben Brown

San Francisco 49ers

Seattle Seahawks

Washington Commanders

Chiefs, Commanders, Ravens Out On Davante Adams; Raiders Open To Retaining WR?

October 9th, 2024 at 10:12pm CST by Sam Robinson

The pack is thinning in the Davante Adams pursuit. Although the teams most closely linked to the Raiders wide receiver remain in the hunt, some of the second-tier pursuers are no longer part of this mix.

Never a realistic destination due to their AFC West proximity, the Chiefs are indeed out on Adams. The same goes for the Commanders and Ravens, according to The Athletic’s Dianna Russini, Tashan Reed and Vic Tafur. Both Mid-Atlantic teams were believed to be in on Adams, along with the usual suspects since the WR’s trade request, but Baltimore had been drifting out of the picture.

[RELATED: Raiders Aiming To Unload WR Soon]

The Commanders were listed as an Adams dark-horse destination over the weekend, but this is the second time GM Adam Peters has stood down on a big-ticket pass catcher. Brandon Aiyuk, who played a season with Jayden Daniels at Arizona State, would have been amenable to a Washington trade. But the Commanders did not show much interest in the 49ers WR this offseason. Now, the Commanders are passing on Adams, who comes with a salary teams are not keen on paying.

Adams ignited Baltimore speculation by tweeting a picture of Edgar Allan Poe last week, but the Ravens have not discussed the wideout with the Raiders in several days. The Cowboys balked due to the Raiders’ insistence they pay all of Adams’ prorated salary, per The Athletic. Dallas was mentioned as a team who checked in with the Raiders but deemed not interested soon after. Other clubs are joining Jerry Jones‘ team.

The Saints and Jets are still in this, and veteran NFL reporter Josina Anderson adds Derek Carr‘s injury — an oblique issue expected to cost the QB multiple games — does not change New Orleans’ interest in this big swing. The Steelers have reached out as well, per The Athletic, while the Bills are monitoring this situation. Buffalo joined Baltimore in deeming the Raiders’ asking price as too high, but the Bills being somewhat concerned about their receiver situation may change the equation. The Steelers have been looking at WRs since establishing Brandon Aiyuk trade framework.

While ESPN.com’s Jeremy Fowler points to the Saints as being a slight favorite here now, ESPN colleague Adam Schefter indicates (video link) Raiders talks with the Saints and Jets may be slowing down due to the Robert Saleh firing and Carr injury respectively affecting those respective teams. This somewhat contradicts Anderson’s account re: the Saints, but while Adams is still interested in being dealt to New York or New Orleans, this process does appear to have hit a lull.

The main reason for the slowdown: the Raiders’ hope they can unload Adams for strong draft compensation and convince the acquiring team to pay the entirety of his prorated base salary. At least one team negotiating with the Raiders was told the AFC West club does not intend to pay any of the wideout’s remaining 2024 base, Fowler adds. This hardline stance obviously will give teams pause about giving up a plus asset — the Raiders want a second-round pick and more — for a soon-to-be 31-year-old receiver who is due $11.92MM for the season’s remainder.

On the New Orleans front, Anderson adds the prospect of giving up a higher-end draft choice here has not gained much traction. While the Saints are known for their salary cap wizardry, they only hold $2.6MM in space as of Wednesday. Mickey Loomis‘ club would need to make significant adjustments to accommodate all of Adams’ money — to the point it might be a nonstarter for the Saints if the Raiders refuse paying any of Adams’ salary.

As for the Jets, The Athletic notes they are still talking to the Raiders despite having fired Saleh. That decision conceivably moves Joe Douglas closer to the chopping block, but the sixth-year GM is still running point on negotiations that will help the 2024 Jets. Considering the jobs on the line and Aaron Rodgers‘ urging for this reunion, it would surprise if New York was not in this until the end.

Adams had pledged continued support for the Raiders’ cause, denying trade rumors for a while, but Fowler adds the quarterback situation — which has featured a months-long, on-and-off competition between Gardner Minshew and Aidan O’Connell — has factored into the receiver’s decision to ask out. Adams displayed clear frustration during the Raiders’ short-lived Jimmy Garoppolo QB1 period, making it unsurprising a player who built a Hall of Fame case with Rodgers and produced first-team All-Pro numbers with Carr would want much more of the Raiders’ current situation.

That said, the onus for an Adams trade to take place as soon as possible falls on the Raiders, who are paying the disgruntled wideout nearly $1MM per week until he is dealt. The Raiders carry more than $26MM in cap space and need a long-term quarterback, making it a bit odd they are holding the line financially when paying some of Adams’ money would bring better trade compensation. Also complicating Adams’ situation: his hamstring injury will sideline him for Week 6, Fowler adds. A previous report pointed to Adams being ready for Week 6; a three-week injury absence stands to give teams more pause.

Adams requesting a meeting with Antonio Pierce to express his demand to be traded to a better team surprised his coach, according to The Athletic. Adams had stumped for Pierce to be elevated to the full-time HC post, but the parties’ relationship has deteriorated since. The Raiders said they would accommodate him due to not wanting uncommitted players. Adams was then informed of the Pierce Instagram like regarding a trade the next morning during his appearance on Up & Adams.

It should now be noted that Pierce is not slamming the door shut on Adams playing for the team again. Pierce said he and Adams have talked since the trade request surfaced, and it sounds like the Raiders — potentially in a posturing move — are open to keeping Adams.

“He is in good spirits, we talked … so everything’s good. … He is still a Raider. He has never not been a Raider,” Pierce said, via Tafur. “When he’s healthy and can play, we’ll play him. He’s working everyday to get that hamstring right and he’s in the right headspace mentally. Like I said, we talked recently, had a good conversation and he’s ready to play football.”

Unless Pierce’s Wednesday words do prompt a reconciliation, the Raiders are preparing to say goodbye to the first receiver they have seen snare first-team All-Pro honors since Hall of Famer Cliff Branch in 1976. Teams will save more than $940K each week by waiting, as the NFL’s offseason deadline change resulted in a Nov. 5 trade endpoint for this year.

Raiders To Start Aidan O’Connell In Week 6

October 9th, 2024 at 10:04pm CST by Sam Robinson

Unlike the Las Vegas development earlier this season, Gardner Minshew‘s benching will last into the next week. Antonio Pierce announced Wednesday afternoon it will be Aidan O’Connell in Week 6.

The Raiders had been reportedly set to relaunch their Minshew-O’Connell competition from this offseason, going through practices to determine the starter. That would have been somewhat unusual given all the intel the team already has on the two passers. After sitting Minshew twice during games this season, Pierce will give O’Connell another shot.

Pierce said (via ESPN.com’s Paul Gutierrez) he wants O’Connell to start for the rest of the season, though the second-year Raiders HC couched that stance by noting Minshew would return to the lineup if needed. This back-and-forth has lasted for months, with an O’Connell offseason lead eventually turning into Minshew winning the job. Pierce then benched Minshew in Weeks 3 and 5. Pierce is now going back to the player who started throughout his interim HC run.

This brings O’Connell’s second in-season promotion. Although the 2023 fourth-round pick started in place of Jimmy Garoppolo in a game early last season (featuring a Khalil Mack sack explosion), Josh McDaniels went with Brian Hoyer over him when Garoppolo sustained a second injury. Shortly after the Raiders canned McDaniels, Pierce gave O’Connell the job for good. Garoppolo did not start another game with the team and was released, via a post-June 1 cut, this offseason.

O’Connell, who is already 26 despite entering the NFL last year, completed 62.1% of his passes as a rookie (at 6.5 per attempt). That came largely under interim OC Bo Hardegree, who is not on this year’s Raiders staff. O’Connell is at 59.4% and 5.5 per pass under OC Luke Getsy, though 32 passes is obviously not a sufficient sample size. The Raiders will expand that number beginning against the Steelers, but this ongoing drama should be expected to produce ties to future QB options soon.

The Raiders gave Minshew a two-year, $25MM deal ($15MM guaranteed at signing) as insurance in case the draft board did not fall their way. After Pierce pushed for a trade-up — with an unrealistic climb for former Arizona State charge Jayden Daniels the ultimate goal — GM Tom Telesco stood down. The Raiders had hosted Bo Nix on a pre-draft visit and were linked to Michael Penix Jr., but they did not view either as trade-up targets. Denver chose Nix at No. 12, and Las Vegas went with a best-player-available pick in Brock Bowers at 13. Bowers has shown immediate promise, and while he will currently be tasked with helping O’Connell, the Raiders will be looking for a way out of this long-running QB chapter soon.

Minshew, who is being benched despite at 70.7% completion rate (7.2 yards per attempt, albeit with a 4-to-5 TD-INT ratio) secured $3.16MM of his 2025 base salary ($11.84MM) guaranteed at signing. It will cost the Raiders $7.66MM in dead money to drop him in 2025. The Raiders are already on the hook for more than $17MM in dead cap due to the Garoppolo release; $12.8MM of that sum will hit the team’s cap sheet in 2025.

Minshew, 27, led the Colts to the playoff precipice; like Joe Flacco, he proved a more accurate solution than project Anthony Richardson. QBR slotted Minshew 13th last season. This led to the Raiders making him the second-highest-paid QB free agent of this year’s class. But he is now following Garoppolo — last year’s highest-paid QB free agent — in being benched for O’Connell, who joined Minshew in throwing INTs to Patrick Surtain on Sunday. Minshew threw a second pick in his Denver outing as well.

The Raiders enjoyed QB stability for nine seasons, with Derek Carr a dependable (if unremarkable) starter. The team has since started five QBs since Carr’s late-season benching two years ago. It will be O’Connell’s turn again, and with the Raiders having him under contract through 2026, this Minshew demotion gives the (slightly) younger passer a chance to audition for a 2025 stopgap gig.

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