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Warriors, Oracle Arena agree to new two-year lease

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By Anthony Caruso III | Publisher

The Golden State Warriors have agreed to a two-year lease agreement with Oracle Arena in Oakland. This would take the team up to their expected move to San Francisco by the 2019-20 season.

According to the Associated Press, there will be a rent increase, but it is not clear how much that increase is at this time. This two-year extension also has to be approved by the Oakland City Council and the Alameda County officials, the story said.

Oracle Arena (Getty Images)

Oracle Arena (Getty Images)

Oracle Arena is controlled by The Joint Powers Authority. They told the AP that this new agreement also has three additional option years.

The Warriors can decide to exercise these options should there be any delays in their expected exit from Oakland.

Oracle Arena — which was originally opened as Oakland-Alameda County Coliseum Arena — in November 9, 1966. The first event was a hockey game between the California Seals and the San Diego Gulls.

The Warriors called the arena home in 1966-67. Then they returned from 1971 to present. The Warriors have been their main tenant since 1971.

Any Corrections?. You can contact Anthony at publisher@thecapitalsportsreport.com.

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