Oakland A’s, City Agree to Terms of 10-Year Extension

MLB News

OAKLAND (KRON) — After months of negotiations, the Oakland A’s have agreed to terms in the latest 10-year lease agreement passed by the city last week.

Officials released a statement Tuesday announcing that the owners have approved a 10-year lease extension that will keep the A’s at the O.co Coliseum.

“We appreciate the cooperation and efforts of Oakland city officials in this process and are
optimistic that our negotiations have led to a fair and mutually-beneficial relationship. Most of all, we are happy for our great fans who, pending the county’s vote, will know that the Oakland Athletics will continue to play its games at O.co Coliseum,” the team said in a statement.

The news comes after contentious talks between the baseball team and the city in which council members sparred publicly over the handling of the negotiations.

During a news conference on the steps of City Hall on July 15, Oakland City Councilwoman Libby Schaaf called the city’s handling of the A’s lease talks “embarrassing.”

“We need to learn lessons from the current round of negotiations and do better next time,” Schaaf said.

The Oakland-Alameda County Coliseum Joint Powers Authority, which oversees the Coliseum site, voted 6-2 on July 3 to approve the lease but it must also be approved by the City Council and the Alameda County Board of Supervisors.

During a July 16 vote, the city council approved an amended 10-year lease. Oakland A’s owner Lew Wolff had previously said he wouldn’t discuss any changes to the lease agreement.

The following is a joint statement issued by Oakland Mayor Jean Quan and City Council President Pat Kernighan:

“We are pleased to hear today that the A’s owners are agreeing to the terms the City Council approved last week for a 10-year lease extension. We want to thank the team’s ownership, our colleagues at the County of Alameda, our negotiators and everyone at the City of Oakland who has worked tirelessly on our shared priority of keeping the A’s here at home.

“Once the A’s ownership and the County have approved the deal, we look forward to moving on to talking about the bigger goal: building a beautiful new ballpark for the team right here in Oakland.

“We couldn’t be prouder of the Oakland A’s and we’re excited to head into the rest of the season with the best team and the best fans in baseball.”

(Copyright 2014, KRON 4, All rights reserved.)

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