Dive Brief:

• Oakland, CA officials have outlined a $1.3 billion financing proposal for a new Raiders stadium in their attempts to keep the NFL franchise from relocating to Las Vegas, according to SFGate.

• The plan includes using $600 million from private investment group Oakland City Pro Football Group, $200 million in public funds, $200 million from the NFL and $300 million from the Raiders to build a new stadium near the team's current Oakland Coliseum.

• The deal would see the city and county recoup a percentage of non-football income generated from the new venue as well as new taxes in exchange for the $200 million in public funding. 

Dive Insight:

Time is running out for Oakland to establish a stadium proposal that would convince Raiders owner Mark Davis to change his plans to move the team to Las Vegas. In October, Nevada's legislature approved $750 million in tax-backed financing to go toward building a new $1.9 billion domed Raiders stadium in Las Vegas.

The team's plan to relocate is contingent on the NFL owners approving the move at their January meeting. In the past, the league has been wary to allow a stadium in a city known for sports gambling. However, NFL Commissioner Roger Goodell has said he won't stand in the way of a Las Vegas venue.

At their meeting in January 2015, the NFL owners denied the Raiders' request to move to Los Angeles. They approved the Rams and Chargers to move to Los Angeles, however, and the Rams broke ground last month on the $2.6 billion stadium in Inglewood, CA. 

The Chargers have until January to decide whether they will join the Rams in Los Angeles. San Diego voters upped the chances of a relocation by voting against a hotel tax increase last month that would have helped fund the construction of a new stadium.

In another twist, NFL owners said that if the Chargers choose not to move to Los Angeles, the Raiders can take their place.