OAKLAND — Two years away from a move to San Francisco, the Golden State Warriors and the authority operating Oracle Arena are at odds over how much debt the team owes.
Coliseum authority Executive Director Scott McKibben said this week the two sides have a difference in opinion over the remaining $55 million debt and will resume talks once the 2017-18 season begins.
“Our position has been they owe the net amount,” McKibben said. “Their position has been they owe less than that.”
At the heart of the issue is a 20-year lease signed in 1996 to include upgrades to the arena, which were to be paid over 30 years.