Jason La Canfora of CBS Sports spoke to several NFL owners at recent league meeting who said that Chargers owner Dean Spanos “is resigned to the fact he must move his team to Los Angeles during next month’s window to do so and has every intention of doing just that.”
“He doesn’t have a choice from an economic standpoint, and he knows it,” an ownership source told La Canfora. “He’s as good as gone. He basically told us that he has no choice.”
“It’s over,” said another ownership source. “They’re going to Los Angeles. It’s just a matter of announcing it. There aren’t any miracles here.”
La Canfora says that there are no viable options to keep the team in San Diego.
In the time being, Spanos is reportedly working with the NFL about how he’ll pay the $550 million relocation fee to join the Rams in Inglewood. If the Chargers do, in fact, relocate to L.A., Spanos would have 10 years from the time the new stadium opens to pay back the $550 million fee. One option the Chargers may end up considering is to take out a loan to pay a large portion of the fee upfront, as opposed to paying out the higher yearly requirement, plus interest.
La Canfora’s sources have said that Spanos won’t announce a move to Los Angeles until after the season.
We’ll have more regarding the Chargers possibly relocating to Los Angeles as the news is available.