Raiders boost Vegas commitment to $1.2 billion, operations, risk

The Oakland Raiders want to shoulder an additional $650 million for their proposed Las Vegas stadium, bringing their total commitment to $1.15 billion for a deal in which they would also accept operation responsibilities and risk.

Nevada Gov. Brian Sandoval’s office said a lease-agreement proposal submitted last week expressed the new particulars of the desired deal, which also asks that the Raiders to pay $1 a year in rent.

Billionaire casino mogul Sheldon Adelson pulled out of the deal on Monday, having previously committed the $650 million.

A source told ESPN’s Darren Rovell that the Raiders’ relocation application to the NFL filed on Jan. 19 also did not include Adelson.

Team officials had said they were enlisting investment bank Goldman Sachs to help in the $1.9 billion project that includes a domed stadium to be built at a site yet to be decided, probably just off the Las Vegas Strip. It would seat 65,000.