When PSL sales are completed, it is expected that 55,000 of the 65,00 seats will be under license RAIDERS
The Raiders have "begun sales" on the final tier of PSLs for their Las Vegas stadium, the "least expensive" in the venue, according to a front-page piece by Richard Velotta of the LAS VEGAS REVIEW-JOURNAL. The third phase of PSL sales are "mostly in the highest levels of the stadium" and range between $500-3,900 per seat. The Raiders initially anticipated generating $250M in revenue through PSL sales, but with strong sales, the estimate is "expected to be higher." When PSL sales are completed, it is expected that 55,000 of the 65,000 seats "will be under license with the team retaining control of the remaining seats for team officials and charitable causes." Third-tier sales "began sooner than initially expected," and if they are as "robust as the previous phases, the team could potentially sell out their PSL inventory by the end of summer, nearly a year ahead of the scheduled opening of the stadium" (LAS VEGAS REVIEW-JOURNAL, 1/31).
STAY IN THE BAY? In L.A., Sam Farmer notes the Raiders have not yet announced "where they will play this year, their final season" before moving to Las Vegas in '20. Raiders Owner Mark Davis said that he "doesn't want to play in a city that's suing him over the move." The team is "believed to be weighing various options," including playing at Cal's Memorial Stadium, Stanford Stadium or the MLB Giants' Oracle Park. NFL Commissioner Roger Goodell was asked of the possibility of the Raiders playing the '19 season in San Diego, and said that though he would not "completely rule out that possibility," the desire of Davis is to "stay in the Bay Area" (L.A. TIMES, 1/31).
POWER PLAY: In Las Vegas, Bailey Schulz notes the Raiders' Las Vegas stadium has the "green light to get its power from a provider other than NV Energy." The Public Utilities Commission yesterday "unanimously approved" the stadium's "request to pre-emptively leave NV Energy without an impact fee." The LV Stadium Events Co. argued that because the stadium was "still under construction and had never established permanent electric service with the utility, it shouldn't be charged millions of dollars to pursue cheaper power costs." LVSEC said in its filing that leaving NV Energy "will allow it to purchase lower and more flexibly-priced electricity on the open market" (LAS VEGAS REVIEW-JOURNAL, 1/31).
