Raiders given permission to exceed NFL debt limit
Moving is never cheap so the NFL is giving the Oakland Raiders permission to exceed the league-mandated debt limit of $350 million, according to Sports Business Daily. NFL owners approved a waiver that will allow the Raiders to borrow in order to cover their $378 million relocation fee to Las Vegas.
Owners reportedly were comfortable allowing the club to take on the heavier-than-usual debt because the team is being received so well in their future hometown. The Raiders are said to have exceeded "revenue-generation benchmarks" as they get set to move into their new $1.9-billion home. The Raiders (6-7) are set to play their last game in Oakland on Sunday against the Jacksonville Jaguars. The team's final two games of the season are on the road at Los Angeles against the Chargers and at Denver. Oakland is on the brink of being officially eliminated from playoff contention.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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