OAKLAND, Calif.
The mayor of Oakland announced Tuesday she has the framework of an agreement to keep the Oakland Raiders in town despite talk by the club's owner to move the team to Las Vegas.
Oakland Mayor Libby Schaaf declined to disclose details of the deal reached with an investors group led by former 49er football star Ronnie Lott. But she said the group can commit enough money upfront for a new stadium.
The Bay Area city has struggled to find a way to keep the pro football team without putting too much financial burden on taxpayers.