© 2014 MLB Advanced Media, L.P. All rights reserved.

6/25/2014 4:10 P.M. ET

Commissioner's Statement

Baseball Commissioner Allan H. (Bud) Selig issued the following statement today regarding the lease extension of the Oakland Athletics:

"I commend the Oakland Athletics and the JPA for their efforts in reaching an extension for a lease at O.co Coliseum. The agreement on this extension is a crucial first step towards keeping Major League Baseball in Oakland.

"I continue to believe that the Athletics need a new facility and am fully supportive of the club's view that the best site in Oakland is the Coliseum site. Contrary to what some have suggested, the committee that has studied this issue did not determine that the Howard Terminal site was the best location for a new facility in Oakland."

This story was not subject to the approval of Major League Baseball or its clubs.