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Oakland to offer A's a new 5 year lease extension
Posted on 3/31/24 at 12:22 pm
Posted on 3/31/24 at 12:22 pm
quote:
With their lease in Oakland ending at the end of the 2024 season, the Oakland Athletics will need a place to play before their Las Vegas stadium is (hopefully) ready in 2028. And it's entirely possible it could be in Oakland.
According to ESPN, the City of Oakland is set to offer the A's a lease extension to cover the time between the end of their current lease and the opening of their new stadium in Vegas, as well as any possible time overruns.
The document obtained by ESPN and KGO-TV in San Francisco reportedly reveals that the City of Oakland has dropped many of the demands in the original draft of the lease extension. Instead, the city is asking MLB to pick one of three options: facilitate the sale of the A's to a local ownership group; leave the A's colors and name in Oakland (meaning the team in Vegas would have a new name, mascot, and colors); or give Oakland a "one-year exclusive right to solicit ownership of a future expansion team."
Two items have reportedly remained on the offer. First, the lease term would be for five years with an opt-out after three. And the A's would be required to pay a $97 million extension fee, which is nonrefundable even of the team opts out after three years.
The figure of $97 million is symbolic.
quote:
That figure is also "nonnegotiable," according to Hanson.
The A's, who currently pay just $1.5 million in rent to the City of Oakland, have a much different figure in mind. According to ESPN, the A's offered a two-year contract to the city, with payments of $7 million and $10 million.
The team has been exploring different options to find a home at the end of their lease. They've reportedly been in talks with Sacramento, as well as Salt Lake City, Utah. However, the A's would have play in minor league stadiums in those cities. Staying in Oakland would allow the team to continue to play in a MLB caliber stadium while also not uprooting the entire organization for a temporary two-year stay in another city before moving to Vegas.
Interested in seeing what the team choses
11
Posted on 3/31/24 at 12:29 pm to TigerintheNO
quote:
. Staying in Oakland would allow the team to continue to play in a MLB caliber stadium
What is MLB caliber about their Coliseum?
Maybe it was 30 years ago
This post was edited on 3/31/24 at 12:30 pm
Posted on 3/31/24 at 12:44 pm to TigerintheNO
quote:
Staying in Oakland would allow the team to continue to play in a MLB caliber stadium
Posted on 3/31/24 at 12:52 pm to TigerintheNO
quote:
taying in Oakland would allow the team to continue to play in a MLB caliber stadium
Posted on 3/31/24 at 1:37 pm to TigerintheNO
give Oakland a "one-year exclusive right to solicit ownership of a future expansion team."
___________________________________________________
This will never happen with the current political, demographic, & criminal issues the city has & that won't ever be changing along with no shot at any taxpayer money going to build a new stadium.
___________________________________________________
This will never happen with the current political, demographic, & criminal issues the city has & that won't ever be changing along with no shot at any taxpayer money going to build a new stadium.
Posted on 3/31/24 at 3:04 pm to TigerintheNO
The A's name, logo, colors,etc..should remain in Oakland.
I want LV with their own new name, colors, logo..and preferably new improved ownership rather than current A's hierarchy.
I'd prefer an expansion franchise and ownership group.
I want LV with their own new name, colors, logo..and preferably new improved ownership rather than current A's hierarchy.
I'd prefer an expansion franchise and ownership group.
This post was edited on 3/31/24 at 3:12 pm
Posted on 3/31/24 at 3:07 pm to TigerintheNO
Ownership has consistently been dog shite.
Posted on 3/31/24 at 3:16 pm to TigerintheNO
Whether it’s the fans, stadium , or ownership- it’s just an embarrassment to have a team in Oakland. 5k fans in attendance yesterday on an opening weekend Saturday. They need to get that team out of Oakland asap. Staying there does nothing for anyone.
Posted on 3/31/24 at 4:12 pm to TigerintheNO
There's no way they accept that. The team was offering far less than that. Oakland should tell them to get the hell out now, and lose a chunk of that $67M a year in TV money.
Posted on 3/31/24 at 4:20 pm to TigerintheNO
I remember reading something that the A's are reported to make $65 million (or thereabouts) this year from their TV broadcasting rights, and something like $70 million next year. However, if the A's don't play their home games in the Bay area the TV network has the right to renegotiate the deal. If the A's can't make a deal with Oakland to stay until the LV stadium is complete, Sacramento and Salt Lake being the leading candidates.
Basically, if the A's don't play in Oakland until they move to Las Vegas, ownership will lose tens of millions of dollars.
Basically, if the A's don't play in Oakland until they move to Las Vegas, ownership will lose tens of millions of dollars.
Posted on 3/31/24 at 11:05 pm to TigerintheNO
With their crowd size lately, they should seek out a HS field
Posted on 4/1/24 at 8:39 am to TigerintheNO
Oakland and Seattle. Two cautionary tales of taking their pro franchises for granted and watching them walk away.
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