A’s, Raiders reach new stadium lease agreements
OAKLAND, Calif. (AP) — The Oakland Athletics and Oakland Raiders have new lease agreements to remain at the stadium they share in Oakland.
Officials overseeing the O.co Coliseum approved short term leases on Monday for both teams.
The Raiders’ lease was extended through the end of the 2014-15 season. The A’s were signed up through December 2015.
The coliseum 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.
The coliseum authority says it plans to continue working on a long-term deal to retain both teams. The A’s have made no secret of their desire to leave for San Jose.