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The city of Oakland will present Athletics ownership with an offer to extend the team’s lease that includes a five-year contract with an opt-out after three years, as well as a requirement the team pays a $97 million “extension fee,” according to document obtained by ESPN and KGO-TV in San Francisco on Saturday.

The team and the city will meet Tuesday, the third formal meeting between the two sides since the Athletics received unanimous approval from major league owners to move the franchise to Las Vegas.

The team is hoping its stadium in Las Vegas, on the site of the soon-to-be-demolished Tropicana Casino and Resort, will be completed in time to open the 2028 season. With the Coliseum lease expiring at the end of this season, that leaves at least a three-year gap the Athletics and Major League Baseball need to fill.

Commissioner Rob Manfred has expressed a desire to have the team’s interim plans completed by early summer for future scheduling purposes, but he has said only that the team’s temporary home will be “someplace in the West.” The A’s have been in negotiations with Sacramento and Salt Lake City in addition to Oakland, and the idea of a three-year stint in Sacramento — allowing the team to keep a larger percentage of its reported $67 million in yearly local television revenue than it would in Salt Lake City — has gained traction in recent weeks.

The city is proposing the five-year lease with the opt-out after three to safeguard itself in case there are construction delays in Las Vegas or the deal falls through. According to the offer sheet obtained by ESPN and KGO-TV, the city has dropped previous requirements that called for MLB to keep the A’s name and colors in Oakland, as well as a demand that MLB guarantee the city a future expansion team.

“We are very interested in doing business, and in having the A’s stay in Oakland,” said Leigh Hanson, the city’s chief of staff. “Part of that is helping them solve this interim location challenge and just being clear in what we expect in return.”

The $97 million extension fee, a number Hanson terms nonnegotiable and will be owed by the team even if it opts out after three seasons, figures to be the biggest point of contention in the upcoming negotiations. Sources indicate the A’s, who currently pay just $1.5 million in rent to play in the Coliseum, offered a two-year deal and payments of $7 million and $10 million over the course of the lease, contending they have options after two seasons.

The $97 million — the shortfall the city says Fisher walked away from on the multibillion-dollar Howard Terminal project — is what Hanson said the city needs from the A’s to help the Oakland’s $170 million general fund deficit. She indicated the city will earmark those funds to cover public safety expenses.

The city is also asking the team to assume the costs of switching over the Coliseum playing field for the Oakland Roots SC, which plays in the United Soccer League.

The city is also asking the Athletics to sell the 50% share of its ownership in the Coliseum complex — an agreement that has been agreed to but not finalized — to a local developer to allow the city to move forward with redevelopment of the site. Both of those conditions were covered during previous negotiations and are not expected to be contentious.

“I remain committed to doing everything in my power to keep the A’s in Oakland,” Oakland mayor Sheng Thao said in a statement to ESPN. “The terms we have proposed for a lease extension at the Coliseum are clear, reasonable and achievable. Having Major League Baseball in Oakland is what is best for the owners, the league, the players and most importantly, the fans.”

In addition, the city is asking for a commitment from Major League Baseball on one of three options: (1) a one-year exclusive right to solicit ownership of a future expansion team; (2) vote to leave the A’s colors and name in Oakland, or; (3) facilitate the sale of the A’s to a local ownership group.

Oakland’s appeal to owner John Fisher and the A’s includes the $67 million annual local television revenue and the convenience of not having to uproot the team and its employees to play in a minor-league stadium in either Sacramento or Salt Lake City, two cities attempting to position themselves as viable options for MLB expansion. West Sacramento is the home of the RiverCats — the Giants‘ Triple-A affiliate owned by Sacramento Kings owner Vivek Ranadive, who is a friend of Fisher’s.

“The city is putting forward a very reasonable deal,” Hanson said. “We don’t think there’s a poison pill in this deal. We feel this is an accomplishable goal, and we are going forward understanding we have a short window to execute.”

The A’s have drawn just 22,784 fans combined in their first three games of the season, their 56th in Oakland, and have dropped each game to the Guardians. The team has a run differential of minus-19 after those three games after losing 112 games last season. Thursday’s Opening Day game featured a parking lot protest staged by two local fan groups and attended by thousands who refused to buy tickets but remained in the parking lot to watch the contest on a projection screen.

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Giants sell 10% stake to private equity firm

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Giants sell 10% stake to private equity firm

The San Francisco Giants have sold a reported 10% stake in the team to private equity firm Sixth Street.

The team confirmed the deal Tuesday but not the amount of the investment, which was first reported Monday by the New York Times.

Sportico places the value of the franchise and its team-related holdings at $4.2 billion.

Sixth Street’s investment, reportedly approved by Major League Baseball on Monday, will go toward upgrades to Oracle Park and the Giants’ training facilities in Scottsdale, Arizona, as well as Mission Rock, the team’s real estate development project located across McCovey Cove from the ballpark.

Giants president and CEO Larry Baer called it the “first significant investment in three decades” and said the money would not be spent on players.

“This is not about a stockpile for the next Aaron Judge,” Baer told the New York Times. “This is about improvements to the ballpark, making big bets on San Francisco and the community around us, and having the firepower to take us into the next generation.”

Sixth Street is the primary owner of National Women’s Soccer League franchise Bay FC. It also has investments in the NBA’s San Antonio Spurs and Spanish soccer powers Real Madrid and FC Barcelona.

“We believe in the future of San Francisco, and our sports franchises like the Giants are critical ambassadors for our city of innovation, showcasing to the world what’s only made possible here,” Sixth Street co-founder and CEO Alan Waxman said in the news release. “We believe in Larry and the leadership team’s vision for this exciting new era, and we’re proud to be partnering with them as they execute the next chapter of San Francisco Giants success.”

Founded in 2009 and based in San Francisco, Sixth Street has assets totaling $75 billion, according to Front Office Sports.

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Ohtani ‘nervous’ in Tokyo but gets 2 hits, runs

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Ohtani 'nervous' in Tokyo but gets 2 hits, runs

TOKYO — Shohei Ohtani seems impervious to a variety of conditions that afflict most humans — nerves, anxiety, distraction — but it took playing a regular-season big-league game in his home country to change all of that.

After the Los Angeles Dodgers‘ Opening Day 4-1 win over the Chicago Cubs in the Tokyo Dome, Ohtani made a surprising admission. “It’s been a while since I felt this nervous playing a game,” he said. “It took me four or five innings.”

Ohtani had two hits and scored twice, and one of his outs was a hard liner that left his bat at more than 96 mph, so the nerves weren’t obvious from the outside. But clearly the moment, and its weeklong buildup, altered his usually stoic demeanor.

“I don’t think I’ve ever seen Shohei nervous,” Dodgers manager Dave Roberts said. “But one thing I did notice was how emotional he got during the Japanese national anthem. I thought that was telling.”

As the Dodgers began the defense of last year’s World Series win, it became a night to showcase the five Japanese players on the two teams. For the first time in league history, two Japanese pitchers — the Dodgers’ Yoshinobu Yamamoto and the Cubs’ Shota Imanaga — faced each other on Opening Day. Both pitched well, with Imanaga throwing four hitless innings before being removed after 69 pitches.

“Seventy was kind of the number we had for Shota,” Cubs manager Craig Counsell said. “It was the right time to take him out.”

The Dodgers agreed, scoring three in the fifth inning off reliever Ben Brown. Imanaga kept the Dodgers off balance, but his career-high four walks created two stressful innings that ran up his pitch count.

Yamamoto rode the adrenaline of pitching in his home country, routinely hitting 98 with his fastball and vexing the Cubs with a diving splitter over the course of five three-hit innings. He threw with a kind of abandon, finding a freedom that often eluded him last year in his first year in America.

“I think last year to this year, the confidence and conviction he has throwing the fastball in the strike zone is night and day,” Roberts said. “If he can continue to do that, I see no reason he won’t be in the Cy Young conversation this season.”

Cubs right fielder Seiya Suzuki went hitless in four at bats — the Cubs had only three hits, none in the final four innings against four relievers out of the Dodgers’ loaded bullpen — and rookie Roki Sasaki will make his first start of his Dodger career in the second and final game of the series Wednesday.

“I don’t think there was a Japanese baseball player in this country who wasn’t watching tonight,” Roberts said.

The Dodgers were without Mookie Betts, who left Japan on Monday after it was decided his illness would not allow him to play in this series. And less than an hour before game time, first baseman Freddie Freeman was scratched with what the team termed “left rib discomfort,” a recurrence of an injury he first sustained during last year’s playoffs.

The night started with a pregame celebration that felt like an Olympic opening ceremony in a lesser key. There were Pikachus on the field and a vaguely threatening video depicting the Dodgers and Cubs as Monster vs. Monster. World home-run king Saduharu Oh was on the field before the game, and Roberts called meeting Oh “a dream come true.”

For the most part, the crowd was subdued, as if it couldn’t decide who or what to root for, other than Ohtani. It was admittedly confounding: throughout the first five innings, if fans rooted for the Dodgers they were rooting against Imanaga, but rooting for the Cubs meant rooting against Yamamoto. Ohtani, whose every movement is treated with a rare sense of wonder, presented no such conflict.

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Cardinals shortstop Winn out with wrist soreness

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Cardinals shortstop Winn out with wrist soreness

JUPITER, Fla. — St. Louis Cardinals shortstop Masyn Winn was scratched from the lineup for their exhibition game on Tuesday because of soreness in his right wrist.

Winn was replaced by Jose Barrero in the Grapefruit League matchup with the Miami Marlins, with the regular-season opener nine days away. Winn, who was a 2020 second-round draft pick by the Cardinals, emerged as a productive everyday player during his rookie year in 2024. He batted .267 with 15 home runs, 11 stolen bases and 57 RBIs in 150 games and was named as one of three finalists for the National League Gold Glove Award that went to Ezequiel Tovar of the Colorado Rockies.

Winn had minor surgery after the season to remove a cyst from his hand. In 14 spring training games, he’s batting .098 (4 for 41) with 12 strikeouts.

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