Oakland Offers Raiders $54 Million to Return : City Adviser Also Confirms Promise to Spend $53 Million on Stadium Work, Other Income

Local officials are using $54 million as bait to lure the Raiders back from Los Angeles, a figure $22 million higher than sources previously reported, according to a published report.

The Tribune said in today’s editions that Ezra Rapport, Oakland’s chief policy adviser, agreed to clarify some of the facts about the sum when “confronted with details” gathered by the newspaper.

According to Rapport, the tentative agreement calls for a $54-million franchise fee to the Raiders and up to $53 million in Coliseum improvements. The Raiders would receive 50% of the Coliseum’s parking and concession revenue and a portion of some seat reservation fees.

If the Raiders agree to return in 1992, the city and Alameda County would pay the team $32 million in 1990 raised through the sale of revenue bonds, Rapport said. There would be an additional $8-million payment in 1992 derived from the sale of reservations for the best seats in the stadium. The tentative agreement guarantees the Raiders a minimum $2-million-a-year income for the next seven years from the premium seat reservations.

The city and county would use bond money to pay for the $53 million in Coliseum improvements and for the first $32 million of the franchise fee.

The additional $22 million guaranteed to the Raiders would come from the sale of ticket reservations.

Oakland is asking the Raiders for a 15-year commitment, Rapport said.

Irwindale, Los Angeles and Sacramento are also vying for the Raiders, who left Oakland after the 1981 season.