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Oakland Gives Raiders Final Draft of Offer

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From Associated Press

City, county and Coliseum officials have given the Los Angeles Raiders the final draft of their proposal intended to return the football team to Oakland.

Officials declined to release details of the agreement submitted Monday until the team responds. The Raiders, who left Oakland in 1981, also are being wooed by Sacramento, Irwindale and Los Angeles, where they have a contract to play through 1991.

Oakland Mayor Lionel Wilson said it is difficult to assess the chances that the Raiders will return.

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“It would appear to me we’re very close,” Wilson said. “On the other hand, when I read Sacramento is upping the ante by an extra $20 million . . . you wonder what’s going on.”

$32-Million Franchise Fee

The proposal, which followed face-to-face talks here with Raiders representatives, would pay the team a $32-million franchise fee and make up to $50 million in improvements to the Oakland Coliseum, sources told the Oakland Tribune.

Authorities would raise the money by issuing bonds backed by the city and the county. The funds would be repaid by revenues from luxury box rentals, ticket sales and concession stands.

The proposal, however, is less in dollar terms than the other cities’ reported offers. Those offers include cash inducements and stadium improvements or new construction ranging from $150 million to more than $225 million.

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