According to Nathan Ruiz of The Baltimore Sun, the Orioles will not exercise their five-year option to extend their lease at Camden Yards.
The Orioles have until the end of 2023 to negotiate a new agreement with the Maryland Stadium Authority. The club’s 30-year lease, which began in 1992, expired back in 2021. The two sides agreed to a stopgap two-year extension at that point, which will run out at the end of this year. Orioles CEO and chairman John Angelos said last month that there are no plans for the team to leave Baltimore. There’s optimism that there will be a new long-term lease agreement at some point during the 2023 season.
