NFL Approves Raiders' Move From Oakland to Las Vegas

NFL owners on Monday gave the Oakland Raiders the green light to move from their current home in the East Bay to Las Vegas.

The relocation move was approved by 31 of the league's 32 owners during meetings in Phoenix.

"My father used to say that the greatness of the Raiders is in its future, and the opportunity to build a world-class stadium in the entertainment capital of the world is one opportunity that will give us the ability to achieve that greatness," Mark Davis, the owner of the Raiders, said.

Davis added that he has "mixed feelings" about the relocation, and he understands the anger that some fans of the Raiders most likely feel.

"I just hope that in the future as we play in Oakland this year that (the fans) understand it wasn't the players, it wasn't the coaches that made this decision, but it was me that made it," Davis said. "If they have anyone to talk to about it, it should be me. I will, in the coming days, try to explain to them what went in to making this difficult decision."

Oakland Mayor Libby Schaaf called Monday's announcement "very disappointing news."

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"I'm very sad today for the 'Raider Nation,'" she said. "These are the most dedicated, passionate, good-hearted fans that any city could be proud to call theirs. That is what makes my heart so heavy."

With no stadium in place to greet them, it is not exactly clear at this point when the Raiders will pack their bags for Las Vegas. The Raiders maintain one-year stadium lease options in Oakland for the next two seasons. Davis added that the team could even still play in the East Bay during the 2019 campaign as well if the Las Vegas stadium is still in the works.

"We're still the Oakland Raiders and we are the Raiders and we represent the 'Raider Nation,'" Davis said.

Oakland season-ticket holders disappointed about the owners' decision will be allowed to refund their tickets if they so choose, Davis added.

The Raiders' proposal to the NFL included a $1.9 billion stadium plan in "Sin City." A total of $750 million in public funds via a Las Vegas hotel tax along with $500 million from the team and the NFL will be used to fund the construction of the domed arena. Bank of America, the Raiders' new chief financial backer, will also contribute funds.

The fact that no physical stadium location in Las Vegas had been officially determined and no stadium lease had been put into writing could have derailed the relocation proposal, but owners did not appear to find issue with those potential roadblocks.

In the days leading up to Monday's vote, Oakland went "all in" in hopes of enticing the franchise to stick with its original home.

Mayor Schaaf over the weekend backed a plan to construct a new $1.3 billion home for the Raiders on 55 acres of immediately available land just south of the Coliseum.

The East Bay city was slated to chip in $200 million to build the public infrastructure and pay for the preparation of the stadium site, according to Schaaf. Oakland's general fund would not have been tapped into to pay for the build. Rather, construction would have been paid off using revenue generated at the venue. Schaaf reiterated that $600 million in private funds would have come from the Fortress Investment Group and NFL Hall of Hamer and 49ers legend Ronnie Lott.

Mayor Schaaf on Monday once again stated that Oakland's stadium plan was a "fully financed, shovel-ready project."

The last-minute proposal was submitted to NFL Commissioner Roger Goodell last week, but it appears the effort was not enough to turn heads.

Over the weekend, Goodell wrote a letter, which was obtained by Bay Area News Group, to Schaaf indicating that the plan "does not present a proposal that is clear and specific, actionable in a reasonable timeframe, and free of major contingencies."

He backed that sentiment up Monday afternoon by claiming that the NFL worked "tirelessly" to resolve stadium issues in Oakland for roughly 10 years, but a substantial and well-rounded solution never materialized.

"The points that we always put back to Oakland were we need certainty on a viable plan that will work for the community and the team long term," he said. "It had to be actionable. We understand that contingencies sometimes occur, but major contingencies that put the entire project into doubt are just unreasonable in a case like this."

Davis added that Oakland did not do nearly enough to express its long-term commitment to the Raiders, especially after the Raiders were prevented from returning to Los Angeles last year.

"Oakland had the opportunity to come in and make a presentation to the league and they came in with a five-page piece of paper that had nothing to do with anything," he said. "They claimed that they would wait for us to lose the vote and come back and then they'd have all the leverage."

The Raiders came up short in that vote. The organization's leaders returned to Oakland and managed to negotiate a one-year lease at the Coliseum with two years of options, according to Davis. Both sides then planned to discuss long-term stadium ideas in the near future, but that never happened.

"A week later I got a call from one of the county board of supervisors telling me, 'Mark, I'm sorry, but the lease that we just negotiated, the three years of leases, are not going to be valid. We're going to raise the rent three times on you,'" Davis said. "At that point, we ended up signing that lease anyway, but then we decided we have to start looking elsewhere to see if we could find a long-term solution."

At that point, the Raiders and the city of Oakland halted communication with the exception of one meeting, according to Schaaf. She did admit that she understands Davis' frustrations with being unable to negotiate a long-term deal with Oakland for the past decade, but she also made sure to criticize him for not taking Oakland's latest stadium plan into consideration.

"I do think that the manly thing for him to do is at least admit that (Oakland) had a viable plan and that he made a choice," she said.