Continue for updates.
Financial Details for Raiders' Lease Revealed
Friday, March 25
According to Rachel Swan of the San Francisco Chronicle, the lease includes a rent price hike from $925,000 to $3.5 million as well as options for a pair of one-year extensions.
Per Swan, Oakland-Alameda County Coliseum Authority head P. Scott McKibben explained the reasoning behind the rising rent cost: "We just sat down and took a look at the finances. This was the amount of rent that was required to get us back to being neutral."
The Raiders attempted to make a move to Los Angeles in the offseason, but they were beaten out by the L.A. Rams, which put them in a precarious position without a lease.
James Washington Is the Top Riser at WR for NFL Draft
Eagles Fans Celebrated Exactly as You Would Expect
Melvin Gordon Keeps It Real About the Pats
Draft Prospects to Target If You Miss Out on Top Guys
Future 1st Rounders in 2018 Recruiting Class
Winners and Losers from Senior Bowl Week
Winners, Losers of Conference Championships
Winners and Losers of Divisional Round
Lefkoe's Locks: Gambling Preview and Prediction for Divisional Sunday
Simms in 60: It's Disrespectful to Count Out Underdog Eagles in Divisional Round
Lefkoe's Locks: Gambling Preview and Prediction for Divisional Saturday
Who's 2018 NFL Draft's Version of Alvin Kamara?
Browns Fans Throw Parade in Honor of 0-16
Lefkoe's Locks: Gambling Preview and Prediction for Wild Card Sunday
Winners, Losers of NFL Wild Card Weekend
Simms in 60: Rams Are Wild Card Weekend Team with Best Chance at Super Bowl Run
Lefkoe Locks of the Week Gambling - Saturday
49ers Take Home O-Line of the Week
Simms in 60: Gronk, Not Brady, Is MVP of New England Patriots Offense
Brees Opens All-Inclusive Playground in NOLA
Despite the uncertainty, NFL Commissioner Roger Goodell said in February that Raiders owner Mark Davis wanted to remain in Oakland over the long haul, according to Jimmy Durkin of the San Jose Mercury News:
I spoke to Mark Davis yesterday and he indicated he had a similar view -- that he wanted to play the 2016 season in Oakland and wants to get a long-term solution in the Bay Area, in the Oakland market. For us, this is a positive thing, a positive thing for our fans. We just have to work to try to get those long-term stadium solutions so that teams can continue to be successful in those markets. They're great markets.
While the Raiders' long-term future is still in question, the fact that the organization has options beyond 2016 at O.co Coliseum is a positive sign that it could remain in Oakland for the next few years until reaching a permanent solution.
The Raiders appear to be on the rise thanks to quarterback Derek Carr, wide receiver Amari Cooper and defensive end Khalil Mack, among other stars, which makes it even more integral to have some semblance of certainty when it comes to where they'll be playing for the foreseeable future.
Follow @MikeChiari on Twitter.