The Raiders might just be too poor to fire Josh McDaniels.
Following the Raiders’ embarrassing loss Sunday to Jeff Saturday and the Colts, ProFootballTalk’s Mike Florio tweeted McDaniels’ buyout might be the only thing “saving him from becoming New England’s offensive coordinator next week.”
Los Angeles Times columnist Bill Plaschke seemingly confirmed Florio’s conjecture Tuesday on ESPN’s Around the Horn. “I’m saying right now: Josh McDaniels will be the coach this year and next year,” said Plaschke. “Raiders don’t have the money to fire him, to pay him off. They’re cash-poor.”
The Raiders signed McDaniels to a four-year contract last offseason, though the terms weren’t disclosed.
Given that NFL teams are responsible to pay out the guaranteed contracts of coaches, cutting McDaniels would likely be a costly proposition.
Forbes values the Raiders at $5.9 billion, making them the ninth-most valuable franchise in the NFL. They moved to Las Vegas in 2020 and were gifted a brand new venue, Allegiant Stadium, which cost nearly $2 billion to construct.
On the flip side, they owe $1.3 billion in debt, Forbes reports.
That figure didn’t prevent Davis from spending big on his football team, however. The Raiders signed Devante Adams to a five-year, $141.25 million contract last offseason.
The Raiders have followed up their 10-7 playoff campaign with an atrocious 2-7 start. Earlier this week, Davis said he thinks McDaniels is “doing a fantastic job.”