Raiders Agree To One-Year Extension

Four weeks after being stymied in their effort to move to Los Angeles, the Raiders agreed to a one-year lease extension Thursday to remain at the Oakland Coliseum through the 2016 season -- and possibly beyond.

Raiders owner Mark Davis, who had been mulling multiple options to move his team since being passed over by the NFL's other owners to relocate the Raiders to Southern California, called the deal a "win-win" for both sides.

"It gives us an opportunity to work on a permanent facility for the Raiders here in Oakland," Davis told reporters. "It gives us some certainty for this season as well as flexibility for the following two seasons."

The agreement with the Oakland-Alameda County Coliseum Joint Powers Authority guarantees that the Raiders will play the 2016 season in the same stadium they have called home since 1995. It also carries two one-year team options.