Report: Chargers expected to exercise option and move to L.A.
San Diego Chargers expected to exercise option and move to Los Angeles this offseason.
Outside of a Hail Mary miracle pass, the Chargers will be heading out of San Diego and up the West Coast to Los Angeles, California, according to ESPN's Jim Trotter.
This has been long rumored and almost came to fruition after the 2015 season. However, the Chargers organization gave San Diego another shot at keeping the franchise, but at this point they've done all they can do.
During the owners meeting back in January of this year, the Chargers were granted the option to move to L.A. with the deadline to make that decision being January 15, 2017.
Dean Spanos the chairman of the Chargers will reportedly opt in to the option to make the move, but will make it official after the season is over.
"Dean has said that he wants everyone to be able to focus on the remainder of the Chargers' season, and so [he] won't be making any final decisions until after the season is over," said Chargers representative Mark Fabiani to ESPN. "That hasn't changed."
The franchise only received 43-percent of the vote on Measure C back in November that would have secured 1.15 billion in bonds to help finance a new stadium. It need two-thirds to pass.
The move to Los Angeles will be a costly one for the Chargers as they will have to pay somewhere in the range of $650 million as a relocation over the next decade. Not to mention purchasing land and building a practice facility.
Currently, the Chargers already have a tenant-lease agreement with the Rams and their new stadium that just recently broke ground. Both franchises will share revenue regarding naming right, sponsors, suites and other advertising, but each would independently sell their own season tickets and other tasks in that genre.
The Chargers relocation situation will really come to a head and start to become official at the next owners meeting.
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