The Raiders are nearing completion of a one-year extension to keep the team at the Coliseum in 2015, according to the Associated Press. Owner Mark Davis said Friday there is an agreement in place and they are just waiting on a formal approval from the city of Oakland.

"I would have liked to know yesterday but again this is reality," Davis said.

He also said they are hoping to get a new stadium in Oakland but he has talked to officials in San Antonio and monitoring the situation in Los Angeles.

"We want to be here," Davis said. "We're not using any other place, city or whatever, as leverage. It's not that way. It's known that no matter what we do here, it will not be as valuable or economically as great for the Raiders as if we went somewhere else. That's known. But we still want to be here."

Davis also said the team is willing to commit $500 million to a new stadium in Oakland and an additional $500 million would be needed.