Oakland Athletics Sign 10-Year Lease Agreement to Stay at the Coliseum

By iSportconnect | June 26, 2014

Major League Baseball’s (MLB) Oakland Athletics have agreed a 10-year lease agreement to stay at the Oakland Coliseum.

The agreement was struck between A’s owner Lew Wolff and the Oakland-Alameda County Coliseum Authority.

The deal will run through to 2025 but is still subject to approval by the Coliseum Joint Powers Authority, which is scheduled to take place on Friday.

Baseball Commissioner Bud Selig said: “I continue to believe that the Athletics need a new facility and am fully supportive of the club’s view that the best site in Oakland is the Coliseum site.”

“We very much appreciate Commissioner Selig’s support for Oakland to be the home of the A’s,” coliseum authority Chairman Nate Miley added in a statement. “We also agree, and we believe the A’s do as well, that long-term the Coliseum is the best site for them in the East Bay.”

Oakland Mayor Jean Quan however said that he was surprised by the announcement.

“We are still negotiating, so were surprised by the announcement of an agreement,” Quan said. “We plan to meet tomorrow, continue negotiations, and hope there will be an agreement soon.”