• Loading stock data...
Friday, November 22, 2024

Orioles End Uncertainty With New 30-Year Lease Deal

  • New agreement follows more than three years of back-and-forth negotiations
  • Venerable stadium set to receive large-scale upgrade
Evan Habeeb/USA TODAY Sports

The uncertainty is finally over for the Baltimore Orioles.

After three years of often-frustrating negotiations involving the Orioles, Maryland Stadium Authority, and two different Maryland governors, a new 30-year lease extension will keep the team at the publicly owned Oriole Park at Camden Yards — in turn ending a series of rumors of a potential franchise relocation. 

In recent weeks, both Maryland Gov. Wes Moore and Orioles chairman and CEO John Angelos expressed growing confidence a lease deal would get done. And in the third inning of Thursday’s Orioles home game against Boston, the team announced the lease extension on the stadium videoboard, and then showed both Moore and Angelos in attendance.

“Earlier today, the Orioles, Gov. Wes Moore and the state of Maryland, and the Maryland Stadium Authority agreed to a deal that will keep the Orioles in Baltimore and at Camden Yards for at least the next 30 years!!,” the announcement read.

Pressure had been rising as the prior lease deal was due to expire on Dec. 31.

The agreement in particular will pave the way for a large-scale update of the 31-year-old Camden Yards, as the pact unlocks $600 million in state bonds for stadium upgrades. 

Moore’s office is set to hold a press conference on Friday morning to outline the pact in more detail.

The lease extension also arrives as the Orioles are in the midst of a resurgent season that saw the team earn its first postseason berth since 2016. On Thursday, the Orioles also clinched the American League East division title and top overall seed in the AL playoffs. 

This story will be updated

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.

Roki Sasaki Pursuit Could Lead to Chaos in 2025 International Class

Big league clubs may redirect bonus pool money to chase the Japanese phenom.
Oct 16, 2024; New York City, New York, USA; MLB Commissioner Rob Manfred before game three of the NLCS for the 2024 MLB playoffs at Citi Field.

Manfred Urges Patience on Rays Ballpark, Eyes MLB Media Shift

The commissioner also sees a new era emerging in the sport’s local media landscape.
Tampa Bay Rays

Rays Tampa Future in Doubt as County Commission Delays Bond Vote

The planned $1.3 billion ballpark now falls into further question.
podcast thumbnail mobile
Front Office Sports Today

What’s Next for Hapless Jets?

0:00

Featured Today

Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
Michele Kang
November 19, 2024

Michele Kang Drops Whopping $30 Million on U.S. Soccer

It’s the largest gift to the federation focused on girls and women.
Aaron Rodgers
November 19, 2024

Jets Clean House With Only Aaron Rodgers Remaining

Joe Douglas’s firing wasn’t a surprise, but the timing was.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 18, 2024

Roaring to the Top: Lions Become Super Bowl Favorites for First Time

This is the first time in franchise history Detroit is favored to win the Super Bowl.
November 17, 2024

Dallas Wings Secure No. 1 WNBA Pick Projected to be Paige Bueckers

Bueckers has endorsement deals with Nike and Gatorade and an equity stake in Unrivaled.
November 13, 2024

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.
Nov 8, 2024; Minneapolis, Minnesota, USA; Portland Trail Blazers guard Anfernee Simons (1) works around Minnesota Timberwolves guard Donte DiVincenzo (0) in the third quarter at Target Center.
November 13, 2024

Trail Blazers Troll Fan With Gambling Addiction Helpline

The official account suggested that a complaining fan on X/Twitter should call 1-800-GAMBLER.