The club also signed an extension to its stadium lease that will keep it in the Meadowlands through the 1999 season.
Why does baseball have to negotiate the stadium lease?
In cities with established owners, the owners negotiate stadium leases.
But a new stadium lease with the city of Cleveland staved off the move.
Because Steinbrenner has been able to use the naively written, 21-year-old stadium lease against the city.
We also are not in a position to determine whether the Seahawks' stadium lease has been broken.
He paid $60 million for the team and $26 million for the stadium lease.
"It is a big problem," Jankovich said of the Patriots' stadium lease.
And while he has eight years left on his stadium lease, he is impatient.
On October 6, 1961, the Mets signed a 30-year stadium lease, with an option for a 10-year renewal.