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DAVIS ORCHESTRATES LAST-MINUTE DEAL WITH OAKLAND OFFICIALS
Published August 9, 1995
Raiders Owner Al Davis got a "last-minute agreement" with Oakland city officials which could cost city and county taxpayers if a referendum or court action threatens the team's move to Oakland, according to the OAKLAND TRIBUNE. If a referendum is filed and the NFL tries to prohibit the Raiders from playing in Oakland, the Raiders now have the right to terminate their Coliseum lease and the Coliseum will be liable for $2M for damages and loss within 14 days. If the Coliseum decided to terminate the lease because of local opposition, it would be required to pay the team "an estimated" $16-$20M, a figure based on 20% of the PSLs. Oakland Coliseum President George Vukasin had scheduled a press conference to discuss the arrangements, but it was "canceled at the last minute" (Wells & Li, OAKLAND TRIBUNE, 8/9). In San Jose, Barry Witt writes the new agreement could "require the public to pay nearly" $5M to the NFL, if the league wins a fight to prevent the team from playing in Oakland (SAN JOSE MERCURY NEWS, 8/9). JUST PRE-SEASON, RIGHT?: Oakland Coliseum officials have been "forced" to cut admission prices by 40% and give away tickets in hopes of filling the "half-empty" stadium for the Raiders' first preseason game, according to the OAKLAND TRIBUNE. In addition, free tickets will be awarded to fans who have already purchased preseason tickets at full cost. Without these "marketing efforts," Coliseum officials faced the "potential embarrassment" of a small crowd for the Raiders' "homecoming," writes David Li in Oakland (OAKLAND TRIBUNE, 8/9).