The Las Vegas Raiders are weighing the concept of hiring Matt Maddox — the outgoing chief govt of Wynn Resorts — to be president of the NFL workforce, a supply shut with the state of affairs informed On The Cash.
Maddox in November mentioned he’ll resign as CEO of Wynn Resorts efficient Jan. 31, with Wynn officers explaining that Maddox was trying to land a gig outdoors the playing trade, the place he has spent most of his profession.
The information shocked some Vegas insiders, who famous that 46-year-old Maddox, who succeeded Wynn’s billionaire founder Steve Wynn after the latter grew to become ensnared in sex-harassment allegations, was most lately knocking down $24.5 million in annual compensation at Wynn.
In the meantime, relating to the Raiders, Marc Badain resigned as the team’s president in July. Proprietor Mark Davis reportedly pushed him out, together with the chief monetary officer and controller, after discovering monetary irregularities. Davis named the workforce’s basic counsel, Dan Ventrelle, as interim president.
It has been a bumpy 12 months for the franchise, with Raiders coach Jon Gruden resigning in October after a number of media reviews mentioned he used anti-gay and racist language in his e-mails. Gruden was within the third 12 months of a 10-year, $100 million contract.
Maddox has a monitor file of cleansing up Vegas messes. He was Steve Wynn’s right-hand man for years when in 2018 he changed him as Wynn confronted a slew of sexual misconduct fees together with a rape allegation. Wynn maintains his innocence.
On the helm of Wynn, Maddox has been credited with maintaining the on line casino large a premier vacation spot and with opening a Boston-area on line casino regardless of scrutiny from the Massachusetts gaming fee.
A spokesman for Maddox mentioned he doesn’t touch upon rumors.
Sources near Maddox, noting his fats pay packages in recent times, say he doesn’t want the cash. Nonetheless, some insiders argue that the Raiders may supply him a high-profile likelihood to develop into a good higher-profile Las Vegas mogul.
In October 2020, Maddox wrote in an op-ed, “I’ve been deeply entrenched within the financial system and tradition of Las Vegas for nearly 20 years. This isn’t solely a spot I really like and name residence, this can be a place that I perceive.”
A Raiders spokesman didn’t return calls.