View single post by lobo316
 Posted: Thu Mar 30th, 2017 08:37 pm
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lobo316



Joined: Sun Oct 14th, 2007
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The Colorado Rockies completed a $200-million deal with the Metropolitan Baseball Stadium District on Wednesday to remain at Coors Field for the next three decades, Nick Groke of the Denver Post reports.

The Rockies' current 22-year lease with Coors Field was set to expire on March 30. The negotiation, which spokesman for the Metropolitan Baseball Stadium District Matt Sugar described as "strong and long," was finalized just one day before the previous lease's expiration.

Included in the deal, the Rockies will be allowed to "lease and develop a valuable plot of land directly south of the stadium." The Rockies will pay the District $125 million for the privilege, making the actual lease agreement for Coors Field worth $75 million - or $2.5 million per year.

The 50,398-seat venue is the most infamous hitter's haven in all of baseball, thanks primarily to the thin, mile-high air of Denver.

Coors Field, which officially opened its doors in April of 1995, will be over five decades old by the time the new lease expires.

Just the Oakland Athletics, Los Angeles Angels, Los Angeles Dodgers, Chicago Cubs, and Boston Red Sox play in 50-year-old stadiums. With the Athletics looking at moving, and the Cubs undergoing serious restorations, it will be interesting to see how Coors Field holds up.