Report: Raiders’ relocation fee set at $378M, L.A. teams to pay $645M

Posted: 17/07/2017 in NFL, Sports
Tags: , , , , , , ,

oakland-raiders-football-field-logo-mockup

According to the NFL, it’s much cheaper to move to Las Vegas than to Los Angeles.

The Rams and Chargers, who will both be playing in L.A., will pay $645 million between December 2019 and December 2028, while the Raiders will pay $378 million over 10 years to relocate to Las Vegas, sources told ESPN’s Darren Rovell.

The 29 NFL teams who are not or have not relocated to Los Angeles or Las Vegas are taking home a hefty profit from those who are.

Each team will receive a sum of $55.2 million over an 11-year period stemming from the relocation fees paid by the Rams, Chargers, and Raiders.

The Green Bay Packers released their projected net sum from the relocation fees as $27.1 million, accounting for present value of money over time and taxes, at a recent shareholders meeting.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s