Oakland Proposes $97M Deal to Keep A's Amid Vegas Move Plans
April 1, 2024Oakland offers the Athletics a five-year lease extension with a three-year opt-out and a $97 million fee.
The A's are exploring relocation to Las Vegas, requiring a temporary home until their new stadium is ready, potentially by 2028.
The proposed lease would provide a home for the A's at least until 2024, with flexibility due to construction or negotiation uncertainties in Las Vegas.
Oakland has removed demands to retain the team's name and colors, while the A's evaluate alternative interim locations including Sacramento and Salt Lake City.
MLB Commissioner Rob Manfred is pressing for a resolution on the A's interim plans by early summer.
The city aims to keep the Athletics in Oakland, highlighting benefits for fans and the team, despite challenges like low game attendance and Coliseum conditions.
The Athletics' relocation could impact local TV revenue and game attendance, factors being considered in their decision-making process.
A meeting between the team and city officials is scheduled for Tuesday to discuss the lease and relocation plans.
Summary based on 3 sources
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Sources
ESPN • Mar 31, 2024
Oakland to present Athletics ownership with lease extension - ESPNDeadline • Mar 31, 2024
Oakland Offers MLB’s Athletics A Five-Year Extension To Stay In City’s ColiseumCBSSports.com • Mar 31, 2024
City of Oakland to offer Athletics with 5-year lease extension as pre-Vegas future still unclear, per report