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Raiders file paperwork to relocate to Las Vegas

LAS VEGAS - Clark County Commission Chairman Steve Sisolak confirms the Raiders have filed paperwork to relocate to Las Vegas, Nev.

Sisolak released the following statement in regards to the filing:

"Today we moved one step closer to having an NFL team to call our own.
This is very exciting for Las Vegas.
Many great people have put in a lot of time and effort to get us this far.
I am especially appreciative of the commitment from the Raiders organization, specifically Mark Davis and Marc Badain, and we wouldn’t be where we are today without the tireless efforts of the Adelson family.
I am optimistically looking forward to the league meetings, and hope that someday soon we will be able to welcome the Las Vegas Raiders to Nevada."

The team is currently based out of Oakland, Calif.

The NFL also confirmed the news Thursday morning.

RELATED LINK | Report: Raiders' owner Davis ready to file papers for relocation to Las Vegas

The NFL released the following statement:

"Today, the Oakland Raiders submitted an application to relocate their franchise to Las Vegas, as is provided for under the NFL Policy and Procedures for Proposed Franchise Relocations.
The application will be reviewed in the coming weeks by league staff and the Stadium and Finance Committees. The relocation of a franchise requires the affirmative vote of three-quarters of the NFL clubs (24 of 32)."

Outlined in the original plan, the Sheldon Adelson family would contribute $650 million and the Raiders would contribute $500 million. The remaining $750 million would come from Clark County in the form of revenue from increased hotel room taxes.

As of this time, it appears Adelson and the Raiders have not come to terms.

Insiders have also said that Raiders owner Mark Davis will still move the team to Las Vegas even if Adelson backs out of the stadium plan. Davis and the Raiders would then find someone else or a group of investors to help contribute to the stadium cost.

Previously, NFL Commissioner Roger Goodell had said, "if the (Raiders) decide that they can't make it work in Oakland and they decide that they want to file for relocation, then their window is from when they get eliminated from the playoffs to Feb. 15."

To make the move official, it would need the approval of at least 24 of the 32 league owners.

The vote is expected to take place during the late-March league meetings in Arizona.

Davis has said publicly that even if the team is approved to move, the next couple of seasons will be played in Oakland while the new stadium is built.

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