The Minnesota Twins agreed Wednesday to a new lease agreement that would keep them in the Metrodome for two more seasons.
Details of the plan still must be finalized and is subject to approval by the Metropolitan Sports Facilities Commission. Commissioners are expected to vote Friday."If the commission approves it, we're prepared to sign it," Twins president Jerry Bell said.
Once signed, the deal officially puts an end to speculation that potential buyers from North Carolina would relocate the franchise to Salt Lake City for up to two seasons while a new stadium is constructed in Charlotte.
"It does not solve the long-term issues of baseball in Minnesota, but it gives us a chance to live to fight another day," said Bill Lester, the commission's executive director.
Details of the lease weren't provided after people from the Twins and the commission met for about 51/2 hours in downtown Minneapolis. But Lester said the plan includes many of the major proposals the commission offered last week.
That includes giving the Twins about $1 million per year in additional ticket-tax revenue. In return, according to the terms offered, Twins owner Carl Pohlad would commit to seeking a local buyer if he decides to sell the team.
The commission would drop a lawsuit that seeks to block the Twins from breaking their stadium lease at the end of the season.