Sources say new documents may help Raiders stay in Oakland

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Wednesday, October 26, 2016
O.co Coliseum in Oakland, California.
O.co Coliseum in Oakland, California.
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OAKLAND, Calif. (KGO) -- ABC7 News has exclusive new information on the effort to build a new stadium for the Raiders to keep them in Oakland.[br /][br /]Sources with inside knowledge from top NFL officials told ABC7 News Oakland and Alameda County officials are now reviewing the term sheet submitted last week by Fortress Investment, a key player in the group led by NFL Hall of Famer Ronnie Lott.[br /][Ads /][br /][br /][br /][b]FULL INTERVIEW: [url HREF="http://abc7news.com/sports/full-interview-ronnie-lott-reveals-plan-to-save-the-oakland-raiders/1571620/[br /]" TARGET="" REL=""]Bay Area legend Ronnie Lott shares plan to save Raiders with ABC7's Mike Shumann[/url][/b][br /][br /]ABC7 News sources say the term sheet contains multiple options involving the land on the coliseum site, funding and infrastructure.[br /][br /]They say work still needs to be done, but they believe the details of the term sheet can by finalized before Thanksgiving.[br /][Ads /][br /][br /][br /]That would put Oakland in a strong position to convince the league to keep the Raiders in Oakland.[br /][br /][b]RELATED: [url HREF="http://abc7news.com/sports/raiders-owner-mark-davis-oakland-shut-the-door-on-itself/1563547/" TARGET="" REL=""]Raiders owner Mark Davis: Oakland 'shut the door on itself' in stadium move[/url][/b][br /][br /]It's important to note, NFL relocation rules state if a viable stadium option can be submitted by a local market, the league will not accept an application for relocation. In this case, blocking any potential effort by the Raiders and Mark Davis to move to Las Vegas.[br /][br /][b][url HREF="http://abc7news.com/raiders/" TARGET="" REL=""]Click here[/url] for full coverage on the Oakland Raiders.[/b]