The City of Anaheim received a notification from Angels Baseball on Wednesday, announcing that the team is exercising its option to extend its lease at the city-owned Angel Stadium of Anaheim through 2032. This decision effectively carries on their enduring relationship with the stadium, which has been their home turf since 1966.

In a statement obtained by the City of Anaheim's official website, Mayor Ashleigh Aitken, a self-proclaimed lifelong Angels fan, expressed a shared sentiment of excitement with the community. "As a lifelong Angels fan, I join those in our city and across our region in welcoming baseball in Anaheim into the next decade," she said. She looks ahead to future collaborations with the team, stating that the lease extension brings added certainty and ensures the continuation of a strong tradition of baseball in Anaheim.

This lease extension isn't a precursor to more significant, long-term negotiations between the team and the city, as there are currently no such talks underway. Instead, it preserves the longstanding terms of the 1996 agreement through the next decade. The Angels have up until December 31, 2031, to decide on executing the next three-year extension, if they choose to do so.

The 1996 lease details include shared revenue with the city from various sources connected to the team and the stadium. This includes a $2 share per ticket—after the first 2.6 million are sold each season—as well as a quarter of parking revenue exceeding $8.2 million during baseball season, and 25 percent of revenue from other events like Supercross and Monster Jam after they surpass $4.1 million. Interestingly, this lease was signed when the Angels were still under the wings of the Walt Disney Co., marking a continued evolution of the team's legacy.