• Loading stock data...
Tuesday, December 30, 2025

Rays Stadium Deal Collapse Sparks Uncertainty: What’s Next for Team?

There are no easy answers for the Rays after the club said it will walk away from a deal to build a $1.3 billion ballpark. 

Kim Klement Neitzel-Imagn Images

The fallout of the Rays’ decision to walk away from the deal to build a $1.3 billion stadium contains many more questions than answers, and plenty of tough choices ahead for the MLB club, the league, and Tampa-area political leaders. 

Foremost among those questions following the collapse of the ballpark deal is what happens to the Rays. There are several primary potential paths for the club, each of them riddled with complications. Here are the leading options.

A New Stadium Deal in Tampa Area

The Rays suggested a desire to construct a revised pact that “serves the best interests” of all involved. MLB, similarly, said in a statement that commissioner Rob Manfred “will continue to work with elected officials, community leaders, and Rays officials to secure the club’s future in the Tampa Bay region.” The league has long been reluctant to give up on a growing locale that has become the No. 11 U.S. media market in Nielsen rankings. 

There’s immediate resistance to a new stadium pact, however, from local leaders, who in multiple cases likened the split with the Rays to exiting a bad marriage. “Why would I go back to the same [ownership] group and trust them this time?” said St. Petersburg (Fla.) Mayor Ken Welch. “That bridge has been burned.” Other area leaders such as Tampa Mayor Jane Castor struck a cautious tone, and she said any new ballpark proposal in that city “has to make sense for our taxpayers and community.”

Sell the Team

There’s already growing pressure for Rays owner Stu Sternberg to do exactly that, with some within MLB growing more frustrated with the ongoing delays and drama. Welch, for his part, said he would restart the stadium talks with a different owner. “If there’s a new ownership group, I’m perfectly willing to have those conversations,” he said.

The Rays, though considering potential sales of minority club positions, insist they are not parting with a controlling stake.

“The team’s not for sale,” Rays president Matt Silverman said on WDAE-FM. “I think Stu gets a bad rap, because he is the only guy for the last 20 years who has defended Tampa Bay, who has stood up for this market, who says we need to figure something out here.”

Those sentiments haven’t stopped a growing collection of prospective bidding groups from forming and publicly expressing their interest in buying the Rays.  

Relocate: Orlando? Nashville?

There have been only two MLB club relocations since 1971: the Expos moving from Montreal to Washington in late 2004 to become the Nationals, and the ongoing, two-stage shift of the A’s from Oakland to Sacramento and ultimately Las Vegas.  

An Orlando-based group, the Dreamers, has quietly sought an MLB club for several years but are amplifying their pitch for the Rays to move by just about 100 miles. The group announced Friday it has private commitments of more than $1 billion toward a $1.7 billion domed ballpark. Baseball Hall of Famer Barry Larkin recently joined the Orlando effort as an ambassador.

Numerous other cities such as Nashville, Salt Lake City, Raleigh, Montreal, and Charlotte have either made formal pitches for an MLB club or have been discussed as potential market candidates. A club relocation, however, could complicate long-term league expansion plans, and outside of Orlando, would also likely require a sizable recalibration of MLB’s territorial map and local media footprint—an issue that complicated the Nationals’ situation for 20 years.

Do Nothing

The Rays will play this season at George M. Steinbrenner Field in Tampa, the spring training home of the Yankees, and want to return to hurricane-damaged Tropicana Field in 2026. It’s not yet certain, however, whether that repair timetable is possible. Even if it is, the team’s lease there expires after the 2027 season. 

Striking even a short-term extension for additional seasons at the city-owned Tropicana Field is problematic. Without an ownership change, St. Petersburg could be reluctant to approve another lease deal, and regardless of who owns the club, the revenue-generating ability of the facility is limited at best. 

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.

Sports Media Winners and Losers of 2025

Who was up and who was down in sports media this year?
Nov 3, 2025; Los Angeles, CA, USA; Los Angeles Dodgers two-way player Shohei Ohtani acknowledges the crowd during the World Series championship parade at downtown Los Angeles

It Was the Year of Shohei Ohtani (Again)

The two-way superstar has a massive year on and off the field.

Biggest Questions Looming for 7 Leagues in 2026

Leagues are facing questions that will shape their impact going into 2026.

Featured Today

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

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.
December 23, 2025

What It Takes to Pull Off Florida’s First Outdoor NHL Game

The Rangers will face the Panthers in Miami’s first NHL Winter Classic.
December 14, 2025

How Pickleball Became One Massive Private-Equity Rollup

Pickleball roads lead back to billionaire Tom Dundon.

Patriots Continue Makeover With First Post-Belichick Division Title

The 13–3 Patriots are in contention for the AFC’s top seed.
Sep 21, 2025; Kansas City, Missouri, USA; Kansas City Royals catcher Carter Jensen (22) hits a two run single against the Toronto Blue Jays during the fourth inning at Kauffman Stadium.
December 23, 2025

Chiefs’ New Stadium Site Is Set. Now It’s Royals’ Turn

The MLB club is also looking on both sides of the Missouri-Kansas border.
December 28, 2025

Bears, Broncos Cap Fast Resets With Titles As Stadium Questions Linger

Chicago clinched the NFC North after the Packers lost to the Ravens.
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.
December 23, 2025

Private Equity Bought an F1 Team For Just $200M. It’s Not Selling

Williams is now valued at over $2 billion.
Tilman Fertitta
December 19, 2025

Rockets Owners in Talks to Buy and Move WNBA’s Sun

The Rockets lost out on WNBA expansion but want the Sun.
Dec 18, 2025; Seattle, Washington, USA; Seattle Seahawks quarterback Sam Darnold (14) runs against the Los Angeles Rams in the first half at Lumen Field.
December 19, 2025

Seahawks Clinch Playoff Spot As $100M Sam Darnold Deal Pays Off

Seattle signed the free-agent quarterback last offseason.
Dec 16, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins center Sidney Crosby (87) congratulates defenseman Erik Karlsson (65) on his goal against the Edmonton Oilers during the second period at PPG Paints Arena.
December 18, 2025

Penguins Sale Would End a Disappointing 4-Year Run Under FSG

An ownership era with high hopes has been marked with underachievement.