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The city of Oakland will present Athletics ownership with an offer to extend the team's lease that includes a five-year contract with an opt-out after three years, as well as a requirement the team pays a $97 million "extension fee," according to document obtained by ESPN and KGO-TV in San Francisco on Saturday.
The team and the city will meet Tuesday, the third formal meeting between the two sides since the Athletics received unanimous approval from major league owners to move the franchise to Las Vegas.
The team is hoping its stadium in Las Vegas, on the site of the soon-to-be-demolished Tropicana Casino and Resort, will be completed in time to open the 2028 season. With the Coliseum lease expiring at the end of this season, that leaves at least a three-year gap the Athletics and Major League Baseball need to fill.
The team and the city will meet Tuesday, the third formal meeting between the two sides since the Athletics received unanimous approval from major league owners to move the franchise to Las Vegas.
The team is hoping its stadium in Las Vegas, on the site of the soon-to-be-demolished Tropicana Casino and Resort, will be completed in time to open the 2028 season. With the Coliseum lease expiring at the end of this season, that leaves at least a three-year gap the Athletics and Major League Baseball need to fill.
https://www.espn.com/mlb/story/_/id/39843426/oakland-present-athletics-ownership-lease-extension
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