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

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.