Oakland A’s & Raiders Ink New Lease Deal for Coliseum

The Oakland Athletics and Oakland Raiders will remain at the O.co Coliseum for the foreseeable future after a new lease deal was agreed, according to the Associated Press.

Officials overseeing the O.co Coliseum approved short-term leases Monday for both teams.

The Raiders’ lease was extended through the end of the 2014-15 season. The A’s were signed through December 2015.

The Joint Powers Authority says the Raiders will pay $400,000 in 2014. The A’s will pay $1.75 million each of the two years of the extension.

The lease deals now go before Oakland and Alameda County officials for approval.