The A’s will remain at O.co Coliseum for at least two more years, while the Raiders will stay put through the 2014-15 season. Both deals passed with 7-1 votes Monday, the lone dissenter being sports agent Aaron Goodwin.
The A’s existing lease was set to expire Dec. 31. The baseball team wants to move to San Jose and build a new ballpark, but the Giants are fighting the move, claiming territorial rights. Major League Baseball threatened to use its anti-trust exemption powers to force the Giants to share AT&T Park with the A’s in the event an agreement with the Coliseum board was not reached.
The coliseum Joint Powers Authority said 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 A’s will have greater control of concessions revenues from the Coliseum board as part of the deal.
“At the end of the day, it’s not ideal, but it’s progress,” said Alameda County Supervisor Nate Miley, chairman of the Coliseum Authority. “The big thing is Major League Baseball supports this, and I think it’s important to have [their] support for what we’re doing with the A’s for the moment and looking toward the future.”