How Much Will It Cost The Rams, Chargers and Raiders To Move?
The respective moves of the Rams and Chargers to Los Angeles will cost both teams $645 million over a 10-year period beginning in December 2019, according to ESPN.
However, the Raiders' move from Oakland to Las Vegas will cost them $378 million over 10 years beginning in the year they move, ESPN reported.
The 29 NFL teams that opted to remain in their current stadiums will receive a gross sum of $55.2 million over the next 11 years. The Rams and Chargers will not receive revenue from the Los Angeles relocation fees, but they will get a share of the Raiders' fee.
The teams' relocation fees are commensurate with the projected value increase of their moves.
The Green Bay Packers, who are the lone publicly owned NFL team, revealed Wednesday in their annual public reporting that the team will receive $27.1 million.
The Rams, who uprooted from St. Louis two years ago, have already played a season in Los Angeles as they await the completiton of a new stadium which they will eventually share with the Chargers. The Chargers announced after this past season that 2016 was their final year in San Diego, after spending 55 years there.
The Chargers were originally founded in Los Angeles back in 1960, but moved to San Diego after their inaugural season in L.A.
Meanwhile the Raiders haven't given an exact date on when they plan to move to Las Vegas, but it is estimated they will remain in Oakland through the end of the 2018 and possibly the 2019 seasons. In the latest owners meeting in Phoenix, Arizona back in March it was a near unanimous vote to approve the Raiders request to relocate to Las Vegas.
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