As the NFL offseason wears on, it appears the prospects of keeping the Raiders in Oakland grow darker by the day. The Chargers and Rams could also be on the move, but it seems that Oakland is the leading candidate to be uprooted.
“The truth is, this is going to come down to the NFL picking two teams out of three and that’s who’s going to end up moving,” Raiderbeat.com Paul Wexler said on CBS Sports Radio’s The DA Show. “I wish there was more to this, but the way this looks, you’ve got the Raiders and you’ve got San Diego, and those two teams are in desperate need and they think they’ve got a great situation there in Carson. They’ve got a great stadium proposal put together and they’re hoping the league is going to look at them kind of like they’ve got their hat in their hands and they’re saying, ‘Look, we need this worse than St. Louis does.’ St. Louis on the other hand, they’ve got a proposal from the city there that works for them. So by the by-laws of the NFL, they need to stay there, but they have an owner (Stan Kroenke) that the other owners are kind of afraid of. The NFL doesn’t want to get into a litigious situation, but (Kroenke) already has land and has spent money over there in Inglewood, and if he gets up and just moves, they’ve got another situation on their hands. So the NFL is going to try to put two teams in L.A. and they’re going to try to give the other team some sort of gift to help make their stadium situation a lot more palatable for whoever gets lost in the shuffle there.”
Asked what kind of gift the NFL would give, Wexler said, “$400 million would be my guess. I laugh, but I think that’s probably what it would take to make one of these other two stadiums work, to be honest.”
That’s a lot of money, but the NFL wants to be in L.A. and wants this transition to be as clean as possible.
Wait a minute. Is $400 million really a lot of money by NFL standards?
“Let’s talk about a lot of money for one second here,” Wexler said. “These three franchises are valued at about $987 million. The second that they step into Los Angeles, let’s be honest: What’s the value of their franchises? We’re wildly guessing, but it’s not out of the realm that these franchises are worth $2 billion at that point once they get in the second-largest media market. So for each one of these franchises to say, ‘Hey, we’ll kick $200 million each to whoever doesn’t get into the market and help them get their new stadium built in whatever city is left over,’ I think they’d (do that). (They) want to get into L.A. and be valued at $2 billion.’ I think that’s a fair estimation.”