• Loading stock data...
Tuesday, January 6, 2026

Guardians Get New Lease, $203M in Stadium Renovations

  • The Cleveland Guardians will be making $202.5 million in renovations to Progressive Field, most of which will come from public funds.
  • The deal is contingent on the team honoring a new lease that runs to 2036 with an additional 10-year option.
cleveland-guardians-progressive-field
Cleveland Guardians

The Cleveland Guardians are doubling down on their current home.

The MLB team will make a broad set of renovations to Progressive Field and sign a new lease agreement.

  • The construction will include changes to the upper deck, clubhouses, terrace hub and dugout club seating areas, and the team’s front office — and will cost an estimated $202.5 million.
  • Cleveland, Cuyahoga County, and Ohio will contribute $135 million of that sum.
  • The Guardians will chip in the remaining $67.5 million.

The deal is contingent on the team honoring a new lease that runs through 2036 with options to extend an additional 10 years. 

Stadium Spending

The Guardians aren’t the only team investing in their home.

The Toronto Blue Jays will put $224 million into modernizing the Rogers Centre over the next two offseasons, with the first stage prioritizing social spaces, bars, patios, and viewing platforms.

Meanwhile, the New York Mets are moving the Citi Field right-field fence in by 8 feet, 6 inches to accommodate luxury seating with personal TVs and a speakeasy-inspired menu.

The Arizona Diamondbacks are unsure whether they will remain in Chase Field, with some reports suggesting team owner Ken Kendrick could explore a sale.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 1, 2025; New York City, New York, USA; A general view out side of Citi Field. The game between the New York Mets and the Milwaukee Brewers was postponed due to impending weather.

Can the Mets Avoid 2025’s Spectacular Failure?

The team lost its four longest-tenured players in the offseason.
Jacksonville Jumbo Shrimp mascot Scampi waves to fans during Opening Day baseball against the Gwinnett Stripers on March 29, 2024.

Private Equity Dives Further Into Minor League Baseball

Seven MiLB teams have changed hands in the last week.
Jul 1, 2025; New York City, New York, USA; A general view out side of Citi Field. The game between the New York Mets and the Milwaukee Brewers was postponed due to impending weather.

Mets Owner Steve Cohen Clears Final Hurdle for $8B Casino Project

The Mets owner and Hard Rock receive a New York gaming license.
Sep 20, 2025; Chicago, Illinois, USA; Chicago White Sox pitcher Yoendrys G—mez (94) delivers during the first inning against the San Diego Padres at Rate Field.

Winners and Losers in MLB Draft Lottery

The Southside Chicago club will get its first No. 1 pick since 1977.

Featured Today

Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena

Why Pro Sports Team Valuations Will Keep Climbing in 2026

Asset scarcity and increasing media-rights deals underpin soaring valuations.
Imagn Images/Front Office Sports
January 2, 2026

FOS Crystal Ball: Predictions for the Business of Sports in 2026

Here’s what FOS journalists think could be on the horizon.
Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025
December 24, 2025

Hockey Needed Some Virality. Then Came ‘Heated Rivalry’

No one was prepared for the Canadian show’s smash success.
Rob Manfred
exclusive
December 23, 2025

MLB Teams Fear League Will Pick Winners and Losers in Tech

One company under consideration was founded by a top MLB exec’s uncle.
May 21, 2017; Foxborough, MA, USA; New England Revolution owners Robert Kraft (left) and Jonathan Kraft look on before the game between the New England Revolution and the Columbus Crew at Gillette Stadium.

Krafts Reach Deal With Boston for New MLS Stadium

The Krafts have been trying to move the team closer to Boston for years.
December 29, 2025

Chiefs Exit Leaves Missouri With Arrowhead Demolition Dilemma

Missouri faces costly decisions as Arrowhead’s future hangs in limbo.
December 29, 2025

Fenway Workers Finally Reach Contract After Yearlong Dispute

The workers went on strike during the Red Sox–Dodgers series this summer.
Sponsored

The CFP Bowl Game Tickets Everyone Wants

The second 12-team College Football Playoff is in full swing and tickets to these games are selling at a premium.
December 26, 2025

3 Teams That Got Big Stadium Subsidies Before The Chiefs

Economists say teams, not taxpayers, win when stadiums are publicly funded.
Dec 14, 2025; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) passes against the Los Angeles Chargers during the fourth quarter at GEHA Field at Arrowhead Stadium.
December 22, 2025

Chiefs to Build New $3 Billion Stadium in Kansas

The team will end a long run at Arrowhead Stadium.
December 21, 2025

Chiefs Leaving KC? Kansas Governor Teases ‘Special Announcement’

Kansas Gov. Laura Kelly schedules a “special announcement” for Monday.
Sponsored

The Hidden Tech Behind Every Touchdown

Nearly two-thirds of NFL stadiums already rely on Cisco networks, and the Super Bowl will showcase the full scale of the partnership.