Oakland Raiders Coliseum lease extension gets final approval

By AP Sport

Image: The Raiders are set to stay in Oakland for at least one more season.

The Oakland Raiders have received final approval for their lease to remain at the Coliseum stadium for at least one more season.

The Oakland City Council voted on Thursday to approve the lease for 2019 with an option for 2020. The Alameda Board of Supervisors had voted earlier in the week in favour of the lease that had been formally approved by the Coliseum Authority last week.

The Raiders will pay $7.5m in rent for the Coliseum and the practice facility in Alameda in 2019 and have a $10.5m option for 2020 in case their new $1.8 billion, 65,000-seat stadium in Las Vegas isn't ready by then.

Image: The Raiders are expected to move a brand new 65,000-seat domed stadium in Las Vegas in the summer of 2020.

Barring any unforeseen setbacks in Las Vegas, this will likely be the Raiders' final season in Oakland after moving back from Los Angeles in 1995.

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The Raiders began playing at the Coliseum in 1966 and were there through the 1981 season before going to Southern California.

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