Raiders extend their lease with the Oakland Coliseum

According to InsideBayArea.com,  the Raiders have extended their lease with the Oakland Coliseum.

The Oakland Raiders and Oakland A’s have both agreed to short-term lease extensions that buy time for East Bay leaders trying to keep both teams in Oakland well into the future.

The joint city of Oakland-Alameda County board that operates the Coliseum complex approved Monday a two-year extension for the A’s that will keep the team in Oakland through 2015 and a one-year extension with the Raiders through next football season.

The deals will require the A’s to more than double their total payments from $800,000 last season to $1.75 million in each of the next two years, while the Raiders total rent will drop from more than $3 million this year to just under $1 million next year.

I would bet that if the Raiders can’t get a new stadium plan hammered out with the City of Oakland by the end of the next season, he might be headed back to Los Angeles.