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The original was posted on /r/nfl by /u/OnlyMamaKnows on 2023-10-13 11:43:45.
The Raiders had real cash-flow issues in Oakland, where they were stuck sharing an aging stadium with Major League Baseball’s Oakland Athletics. That restricted their aggressiveness in free agency and their ability to manipulate the salary cap the way higher-revenue teams so often do.
In Las Vegas, the Raiders were welcomed by the $1.9 billion Allegiant Stadium, constructed with the help of a record-setting $750 million public subsidy. As they moved into an unexplored market for the league, it was easy to see how Davis could envision a path to serious profitability.
A month into their fourth season in Vegas, has that happened? The answer appears to be a resounding yes.
According to Forbes, the franchise was recently valued at $6.2 billion, sixth-most in the NFL, and had generated $729 million in annual revenue (second among NFL franchises behind only the Dallas Cowboys). This season, the Raiders are set to spend a franchise-record $244.6 million (15th in the NFL) in total cash payroll spending according to Spotrac. Since moving to Las Vegas, the evaluation of the franchise has more than doubled.
“Our numbers have definitely spoken for themselves,” Raiders president Sandra Douglass Morgan said.