Orioles Agree to Extend Camden Yards Lease for At Least Next 30 Years

It looks like the Baltimore Orioles won't be leaving the nest anytime soon.

The organization agreed to a stadium lease extension with Maryland leaders Thursday that will allow the team to remain in Baltimore at Oriole Park at Camden Yards for at least the next 30 years.

The announcement was made at Thursday night's game between the Orioles and the Boston Red Sox. Maryland governor Wes Moore was in attendance for the matchup.

According to Andy Kostka of the Baltimore Banner, the agreement includes a pair of five-year extension options.

The agreement comes after lengthy negotiations between the two sides to keep the franchise in town.

It was reported back in August that the governor's office felt optimism about getting the deal done relatively soon. Gov. Moore and Orioles' team chairman John Angelos envision an opportunity to expand and revitalize the grounds surrounding the stadium which are already so popular.

Signing the lease agreement unlocks $600 in state-funded bonds that can be used for upgrades to the ballpark.

Opened in 1989, Camden Yards has quickly become a modern classic and one of the very best stadiums in all of baseball. It's become one of the greatest sports monuments in Baltimore, sitting 44,970 fans.

And now, it has a great team to go along with the iconic stadium.

Led by a talented, young core, the Orioles have quickly risen to be the class of the American League this season and are in line to lock up the top seed after losing more than 100 games just two years ago.