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UPDATE: Regents approve agreement for UNLV use of Raiders stadium

Posted at 9:20 AM, Jan 19, 2018
and last updated 2018-01-19 20:44:28-05

UPDATE 5:40 P.M. JAN. 19: Nevada's Board of Regents has approved a joint-use agreement that will allow the UNLV football team to use the $1.9 billion stadium planned for the Oakland Raiders when the NFL team moves to Las Vegas in 2020.

UPDATE 9:30 A.M. JAN. 19: No major changes have been made to the proposal between the Raiders and UNLV athletics for usage of the Las Vegas Stadium. They are expected to sit down today to vote on whether or not this proposal works for both sides.

ORIGINAL STORY: The latest stadium draft agreement between the Raiders and UNLV will allow the university to keep significant control of major revenue on the days it plays at the upcoming billion-dollar football stadium.

According to the new draft of the joint-use agreement, UNLV will be allowed to sell as many as 70 percent of the anticipated luxury suites. The agreement will also allow UNLV to keep the revenue from those sales along with revenue from club level and non-premium seats.

It's a change from the first draft terms which gave the Raiders exclusive right to sell luxury suites and club seating for UNLV footballs games, while only giving UNLV a fraction of the revenue.

University regents will review the draft during a special meeting Jan. 4 and consider approval Jan. 19.