The Raiders and Chargers set their sites on new home in Los Angeles

The San Diego Chargers and Oakland Raiders announced Thursday that they have collaborated on a proposal to build a privately financed, $1.7 billion stadium in Carson, California, that the two teams would share if they relocate to the Los Angeles market.

In a joint statement, the Chargers and Raiders said they have been working for many years in their home markets to find stadium solutions and that they remain committed throughout 2015 to try to seek publicly acceptable solutions to the stadium issues in their current cities.

The Raiders and Chargers could end up sharing more than a field, as a scrambling Derek Carr and defensive tackle Kendall Reyes did in November. The teams announced Thursday a plan for a possible joint stadium near Los Angeles.

However, according to the statement, the two teams also will continue to work in Carson to preserve their options in the event that efforts in their local markets fail.

Both teams have kept the NFL committee handling the possible relocation of teams to Los Angeles informed of their efforts.

"We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises," the teams said in the joint statement.