Athletics say they will announce a new ballpark site in Oakland later this year

The Oakland Athletics appear to be inching closer to securing a new ballpark.

The team said Friday it will announce a new ballpark site in Oakland later this year. No other details were provided.

While this certainly qualifies as good news, it should be noted "we will announce a ballpark site" is a very long way from "we have a new ballpark coming." There is a lot of planning that has to take place and financial discussions on the way. Those always seem to throw a wrench into things.

Years ago the A's pushed to build a new ballpark, Cisco Field, in downtown San Jose and later in Fremont, California. Territorial rights -- the San Francisco Giants control a large chunk of the Bay Area -- and other issues prevented the project from getting off the ground.

Oakland recently lost the NFL's Raiders to Las Vegas, leading to speculation the A's would soon leave town as well. Friday's announcement -- the announcement of a forthcoming announcement -- indicates the team will remain in Oakland.

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