• Loading stock data...
Friday, September 12, 2025
Tuned In is Almost Sold Out! Limited Tickets Remain!

Orioles Secure 30-year Lease Extension, but There’s a Catch

  • The team can convert the stadium lease to a 15-year term if the redevelopment plan fails.
  • The lease provisions will carry over to a new owner if Peter Angelos and family sell the club.
Baltimore-Orioles-Camden-Yards
Tommy Gilligan-USA TODAY Sports

The Baltimore Orioles have finally completed a formal lease extension with Maryland officials, ending years of uncertainty surrounding the club. But even now, there’s still a big catch.

Facing a Dec. 31 expiration of the team’s existing lease to the publicly owned Oriole Park at Camden Yards, the team completed a 30-year pact with the Maryland Stadium Authority and Maryland Board of Public Works on Monday, confirming what had been first announced in September. The deal follows several years of back-and-forth talks, keeps the team at the downtown ballpark and, for now, eliminates what had been several years of steady but unconfirmed rumors of a potential franchise relocation and recent weeks of renewed negotiating chaos.

“Under this deal, we will keep the Orioles in Baltimore for the long-term with a no-relocation clause under any scenario,” said Maryland Gov. Wes Moore. 

Team Option

That boast, however, is definitively true only for a limited time. The Orioles have an option to reduce the deal to a 15-year term if they are not successful in securing necessary government approvals for a separate ground lease and development plan for the adjacent B&O Warehouse and surrounding Camden Yards area by the end of 2027. 

Several state legislators previously sought to separate the redevelopment pact from the core stadium lease, and they achieved a partial win there. The team option, however, could soon reignite many of the same concerns as in recent years if the redevelopment fails to materialize. 

But that was not front and center in the team’s immediate comments. The pact also allows the Orioles and MSA to tap into $600 million in state bonds for upgrades to Camden Yards, a provision also being utilized by the neighboring Baltimore Ravens, at M&T Bank Stadium. 

“There is nowhere the Orioles would rather play championship baseball than here at Camden Yards,” Greg Bader, the team’s chief operating officer, told the state Board of Public Works. 

All the agreed-upon lease terms will carry over to a new owner if Peter Angelos and his family sell the Orioles. The lease agreement closely follows a local media rights agreement between the Orioles, Mid-Atlantic Sports Network, and Washington Nationals for the 2017-21 seasons.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Massachusetts Sues Kalshi To Block Sports Prediction Markets

A lawsuit claims the company’s offerings are indistinguishable from traditional sports bets.

FanDuel, Jaguars Reach $5M Deal Over Employee Theft

A Jaguars employee stole $20 million and gambled much of it with FanDuel.
Sep 8, 2025; Philadelphia, Pennsylvania, USA; New York Mets outfielder Juan Soto (22) runs to first base during the first inning against the Philadelphia Phillies at Citizens Bank Park.

The $339 Million Mets Are in Jeopardy of Missing the Playoffs

The Mets’ wild-card lead is 1.5 games with 15 remaining in the regular season.
opinion

19 Rising Stars in Sports Media

Who are sports media’s rising stars? Here’s an inside look.

Featured Today

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.
September 9, 2025

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
opinion
September 9, 2025

The Good, The Bad, and The Ugly from NFL’s Week 1 Broadcasts

Many viewers decried the addition of ads to “NFL RedZone.”
Sep 10, 2025; Uncasville, Connecticut, USA; Connecticut Sun forward Aaliyah Edwards (8) fights to keep the ball in-bounds during the second half against the Atlanta Dream at Mohegan Sun Arena.

Connecticut AG Demands Documents From WNBA About Sun Sale Process

The WNBA reportedly prefers to move the team to Houston.
May 3, 2025; Denver, Colorado, USA; LA Clippers forward Kawhi Leonard (2) controls the ball in the first quarter against the Denver Nuggets during game seven of first round for the 2025 NBA Playoffs at Ball Arena.
September 11, 2025

Clippers Minority Owner Allegedly Invested in Aspiration to Pay Kawhi

Minority investor Dennis Wong allegedly invested in Aspiration as well.
Mar 3, 2025; Miami, Florida, USA; Miami Heat guard Terry Rozier (2) warms up prior to the game against the Washington Wizards at Kaseya Center.
Sponsored

Hornets Cancel Sports Betting Night Vs. Heat Over Terry Rozier Tie-In

Terry Rozier is under federal investigation for point-shaving in a 2023 game when he was on the Hornets.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Sep 10, 2025; Bronx, New York, USA; A general view of the main scoreboard at Yankee Stadium during a moment of silence for Charlie Kirk before the game between the New York Yankees and the Detroit Tigers.
September 11, 2025

Yankees Prepare for Security Chaos With Trump at 9/11 Game, Days After..

The team told fans to arrive three hours early without any bags.
September 9, 2025

Clippers, Kawhi Leonard Draw New Scrutiny As More Details Emerge

The NBA has commenced an investigation.
September 8, 2025

Bears, Without State Funding, Officially Pivot Stadium to Suburbs

The NFL team formally abandons its plans for a downtown stadium.
Jul 14, 2025; San Francisco, California, USA; Golden State Valkyries fans acknowledge local basketball alumni during a time out against the Phoenix Mercury during the second quarter at Chase Center.
September 7, 2025

Valkyries Set WNBA Attendance Record in Inaugural Season

The Valkyries joined the WNBA as an expansion team this season.