Thursday, November 19, 2009

Raiders to Extend Lease Until 2013

By Robert Gammon
Thu, Nov 19, 2009 at 4:19 PM

The Oakland Raiders have agreed to remain at the Oakland-Alameda County Coliseum through the 2013 season, according to the Bay Area News Group. The team's lease had been set to expire at the end of next season. Under the extension, the Raiders would pay Oakland and Alameda County $5 million, along with their annual $525,000 rent. The extension also includes an opt-out clause that would allow the team to leave Alameda County before 2013 - as long it pays the $5 million.

Oakland Vice Mayor Ignacio De La Fuente told the Associated Press that the extension gives public officials and the team more time to work out a long-term deal for the Raiders to remain in the East Bay. The lease extension must still be approved by the NFL, along with the Oakland-Alameda County Coliseum Authority and the city and county.

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