We now know how much that undisclosed rent increase was that the Oakland-Alameda Coliseum Authority was able to extract from Raiders owner Mark Davis as a condition of not making his team go play in the street for the 2016 season, and it’s either a lot or a little, depending on whether you go by percentages or actual dollar amounts:
The NFL team’s lease for O.co Coliseum in Oakland and a training facility in Alameda includes a steep increase from last year’s rent of $925,000: It’s now $3.5 million for both venues.
Yes, the Raiders will now be paying more than triple their rent from last year. On the other hand, even triple the rent is only another $2.575 million, which isn’t much for a team with annual revenue of $285 million. Plus, it’s only for one year (unless Davis decides to drag his feet about where to play while waiting for the San Diego Chargers to determine whether they’ll be the second team in Los Angeles, in which case he can renew), so … it’s nice to see that the public stadium authority pushed back and made some demands instead of rolling over and giving Davis an even sweeter deal. But I still would have loved for them to say, “Re-up for a decade, or take a hike,” if only to see what Davis’s response would have been.