The Oakland Athletics are staying put at the Coliseum. The team extended its lease today through 2007, securing its short-term future in Oakland while it contemplates building a new stadium.
The A´s will pay half-a-million dollars per year in the first three years of the new agreement. The deal also contains three one-year club options through 2010.
A´s owner Steve Schott says the A´s still plan to build a baseball-only stadium in the East Bay as soon as possible.
Many Oakland city officials support a downtown site, but the A´s also are interested in exploring possible sites in the southern suburbs.
The deal is expected to be approved by Oakland officials within the next two weeks. The A´s resume regular season play Thursday, following the All-Star break.