Mark Davis said Monday that his team is negotiating a one-year lease extension with the O.co Coliseum in Oakland, California, and expects his team will remain in the city for the 2016 season.

"As of today, right now we are in the process of trying to negotiate a one-year extension at the Oakland Coliseum to play the 2016 season there," Davis said in an interview with the San Jose Mercury News' Tim Kawakami for his "TK Show" podcast. "And after we get that done, we'll sit down and try to figure out where the future of the Raiders lies."

Davis said the Raiders remaining in their current situation for 2016 is "not desirable" but "in life, you have to do things that make sense, and this absolutely makes sense."