Complex sentence: The stadium will replace Sam Boyd Stadium and will serve as the home of both the Raiders and the UNLV Rebels football program as well as other events now held at Sam Boyd such as the Las Vegas Bowl.
Split into simpler sentences: The stadium will replace Sam Boyd Stadium and will serve as the home of both the Raiders and the UNLV Rebels football program. In addition, it will host various events now held at Sam Boyd, such as the Las Vegas Bowl.