A’s, Raiders reach agreement with O.co Coliseum

The Oakland Athletics will remain at O.co Coliseum for at least two more years and the Oakland Raiders will remain for at least one, according to a report from Peter Fimrite and Benny Evangelista at the

.

A stumbling block in lease agreement talks had been control over concessions, but the Oakland-Alameda County Coliseum Authority and the two clubs came to an agreement, according to an excerpt from the Chronicle report:

"The lease approved Monday calls for the A’s to pay $1.75 million per year, including a $250,000 fee that not only keeps the A’s in control of concession revenue, but also allows the team to pick the concessions vendor.The Raiders sought a one-year extension through the 2014 season. The team will pay $400,000 for the lease. The team receives half of parking revenue, and parking fees will rise to $35 for the 2014 season. [San Francisco Chronicle]"

It had been widely reported that if the A’s were unable to come to an agreement on an extension, that the team may be forced to play at neighboring AT&T Park, home of the San Francisco Giants.  That notion is now defunct.

The Raiders can leave after one year if a more suitable scenario comes available.  According to the report, owner Mark Davis has expressed desire to keep the Raiders in Alameda County.