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Announcement of new Raiders lease expected at 6:00 p.m. ET

San Diego Chargers v Oakland Raiders

OAKLAND, CA - OCTOBER 12: A general view during the Oakland Raiders game against the San Diego Chargers at O.co Coliseum on October 12, 2014 in Oakland, California. (Photo by Ezra Shaw/Getty Images)

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The Raiders didn’t have a lease to play in Oakland or anywhere else for 2016. They apparently have one now.

It’s believed the Raiders and the Joint Powers Authority will announce at a press conference to be held at 6:00 p.m. ET that the Raiders have reached a deal to remain at the O.Co Coliseum for 2016.

The Raiders had no other options for the coming season. The broader question is whether the Raiders and the powers-that-be within the Joint Powers Authority will strike a deal to build a new stadium, or whether the Raiders will move elsewhere. Last week, Oakland Mayor Libby Schaaf explained that her goal was to first get a lease in place with the Raiders and then to come up with a long-term stadium solution.

Potential options for the Raiders, if not in Oakland, include Los Angeles, San Antonio, San Diego (if the Chargers leave for L.A.), and Las Vegas. The possibility of the Raiders playing in Sacramento or sharing a stadium with the San Francisco Giants (not the 49ers, the Giants) also has been floated.

The most obvious solution -- sharing a venue with the 49ers -- continues to be at the bottom of the list.