According to the NFL, it’s much cheaper to move to Las Vegas than to Los Angeles.
The Rams and Chargers, who will both be playing in L.A., will pay $645 million between December 2019 and December 2028, while the Raiders will pay $378 million over 10 years to relocate to Las Vegas, sources told ESPN’s Darren Rovell.
The 29 NFL teams who are not or have not relocated to Los Angeles or Las Vegas are taking home a hefty profit from those who are.
Each team will receive a sum of $55.2 million over an 11-year period stemming from the relocation fees paid by the Rams, Chargers, and Raiders.
The Green Bay Packers released their projected net sum from the relocation fees as $27.1 million, accounting for present value of money over time and taxes, at a recent shareholders meeting.
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