Coliseum Authority approves Oakland Raiders lease deal

OAKLAND, Calif. (KGO) -- The Raiders are one step closer to staying in Oakland, at least for now. The Oakland-Alameda County Coliseum Authority has approved a deal for the Raiders to play at least one and possibly two more years at the Coliseum.

The lease is for one year and is worth $7.5 million. The Raiders have an option for a second year, which would cost them $10.5 million.
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RELATED: Derek Carr thanks Oakland fans: 'We are still Raider Nation'

The Raiders plan to move to Las Vegas in the near future but a new football stadium that's being built for them there won't be ready until the fall of 2020 at the earliest.


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The deal to temporarily keep the Raider in Oakland still needs to be approved by the Oakland City Council and the Alameda County Board of Supervisors.

Take a look at the latest stories and videos about the Raiders.