Angels opt to extend lease at Angel Stadium through 2032

Angels Baseball is extending its lease at Angel Stadium of Anaheim through 2032.

The Angels last week notified the city of Anaheim that they are exercising a three-year extension available to the team under its 1996 lease for the city-owned stadium.

“As a lifelong Angels fan, I join those in our city and across our region in welcoming baseball in Anaheim into the next decade,” Mayor Ashleigh Aitken said. “This lease extension brings added certainty and ensures the strong tradition of baseball in Anaheim. As mayor, I look forward to working with the Angels on future community partnerships, and, as a fan, look forward to a great season ahead.”

The extension is not the result of any long-term discussions between the team and the city, and there are no long-term lease or other talks underway.

The extension is one of three three-year extensions available to the team under its lease, which runs through 2029, or potentially 2038 if all extensions are exercised.

The Angels have the option of exercising extensions and notifying the city 12 months before Dec. 31, 2029, or earlier.

The next extension would have to be exercised 12 months prior to December 2032, or by Dec. 31, 2031.

The extension continues the terms of the 1996 lease through 2032, with the Angels sharing revenue with the city for tickets ($2 for each ticket after 2.6 million sold), parking (25 percent of baseball season parking revenue beyond $8.2 million) and other events such as Supercross and Monster Jam (25 percent of revenue beyond $4.1 million).

The Angels have called Angel Stadium of Anaheim home since 1966 with the current lease signed in 1996 when the team was part of Walt Disney Co.

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