{"id":219015,"date":"2022-06-27T19:39:26","date_gmt":"2022-06-28T02:39:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=219015"},"modified":"2022-06-28T11:19:39","modified_gmt":"2022-06-28T18:19:39","slug":"mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/","title":{"rendered":"MLB Could Waive Relocation Fee to Spur A\u2019s Las Vegas Move"},"content":{"rendered":"

In a bid to speed along the team\u2019s potential move to Las Vegas, Major League Baseball (MLB) is reportedly mulling waiving a hefty relocation fee for the Oakland Athletics.<\/p>\n

\"relocation
Major League Baseball Commissioner Rob Manfred. He’s rumored to be considering waiving a relocation fee to get the Oakland A’s to Las Vegas. (Image: New York Times<\/em>)<\/figcaption><\/figure>\n

Citing sources with knowledge of the situation, the New York Post <\/em>broke the story earlier Monday. That added to long-running speculation<\/a> that the A\u2019s are nearing the end of a 54-year run in Oakland, and that Las Vegas is their most likely new home.<\/p>\n

\n

It\u2019s believed that the club would like to make an announcement on its future in the US casino mecca before the end of this month. It\u2019s rumored that President Dave Kaval has regularly been in Las Vegas in recent weeks evaluating two possible stadium sites — the Tropicana and unused land owned by Wynn Resorts.<\/p>\n<\/div>\n

As for the A\u2019s remaining in Oakland, that\u2019s not an entirely lost cause, as local officials will soon be holding a vote that could pave the way for the team to get a new stadium there.<\/p>\n

Why Waiving Relocation Fee Is Significant for A\u2019s<\/h2>\n

Should the Post <\/em>article prove accurate and MLB proceeds with waiving the relocation fee, it\u2019s substantial for the A\u2019s for numerous reasons, not the least of which is the estimated $1 billion cost of that levy.<\/p>\n

\n

Additionally, $1 billion is the projected cost of a new domed stadium in Las Vegas, and it\u2019s been reported that MLB Commissioner Rob Manfred wants the city to pick up $250 million of that tab — a notion Gov. Steve Sisolak (D-NV) reportedly balked at<\/a>. The A\u2019s aren\u2019t profitable, confirming that MLB perhaps scrapping the relocation fee is in the team\u2019s best interest.<\/p>\n<\/div>\n

In addition to the team\u2019s financial struggles, there\u2019s momentum for the A\u2019s-to-Vegas chatter owing to futility and poor attendance. At 24 games under .500 and 21 games out of first place in the American League West, this is not a good team.<\/p>\n

At their home ballpark, the A\u2019s average fewer than 8,600 fans per game, and there have been multiple occasions in the 2022 season when the Las Vegas Aviators — the A\u2019s triple-A affiliate — drew larger crowds than the MLB club.<\/strong><\/p>\n

Relocation Fees Precedent<\/h2>\n

Sports investment bankers with experience in team relocations told the Post <\/em>it\u2019d be surprising if MLB doesn\u2019t hit the A\u2019s with a fee if the Las Vegas move materializes.<\/p>\n

For example, the NFL raked in almost $1.3 billion combined when the Rams and Chargers left St. Louis and San Diego for Los Angeles, while the Raiders<\/a> paid the league $378 million to leave Oakland for Las Vegas in 2020.<\/p>\n

This century, the NBA hauled in $60 million combined when franchises left Seattle and Vancouver for Oklahoma City and Memphis.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bid to speed along the team\u2019s potential move to Las Vegas, Major League Baseball (MLB) is reportedly mulling waiving a hefty relocation fee for the Oakland Athletics. Citing sources with knowledge of the situation, the New York Post broke the story earlier Monday. That added to long-running speculation that the A\u2019s are nearing […]<\/p>\n","protected":false},"author":46,"featured_media":219016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81886,16],"tags":[],"acf":[],"yoast_head":"\nMLB Mulling No Relocation Fee To Get A's To Las Vegas<\/title>\n<meta name=\"description\" content=\"Major League Baseball could scrap relocation fee to help A's move to Las Vegas.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MLB Mulling No Relocation Fee To Get A's To Las Vegas\" \/>\n<meta property=\"og:description\" content=\"Major League Baseball could scrap relocation fee to help A's move to Las Vegas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-28T02:39:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-28T18:19:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/06\/RM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/\",\"url\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/\",\"name\":\"MLB Mulling No Relocation Fee To Get A's To Las Vegas\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/06\/RM.jpg\",\"datePublished\":\"2022-06-28T02:39:26+00:00\",\"dateModified\":\"2022-06-28T18:19:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Major League Baseball could scrap relocation fee to help A's move to Las Vegas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mlb-mulling-no-relocation-fee-to-get-as-to-las-vegas\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/06\/RM.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/06\/RM.jpg\",\"width\":2048,\"height\":1361,\"caption\":\"Major League Baseball Commissioner Rob Manfred. 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