The Maryland Stadium Authority and the Orioles, in a transition period with their owner in declining health, have agreed to seek a new lease deal that would commit the club to Oriole Park at Camden Yards for years and could open the ballpark to more year-round uses, according to officials from both parties.
The team and the authority — the landlord of the Orioles and Ravens on behalf of the state — have a “mutual acknowledgment” that they want to negotiate a new lease before the current one expires, officials from both sides said. The current lease expires at the end of 2021, although the Orioles have the option to extend it for five years.