The San Diego Chargers are set to exercise their relocation option and move to Los Angeles in 2017, ESPN reports.
In January, when the NFL approved of the Rams’ move from St. Louis to L.A., the Chargers were given a deadline of Jan. 15, 2017 to make a decision on their own option. Chargers chairman Dean Spanos has yet to officially notify the league, and has said he will wait until after the season, but according to ESPN, the move is looking like a done deal, “barring a miracle.”
The Chargers would share the Rams’ new stadium when it is complete and share multiple facets of stadium revenue, but conduct ticket sales separately. The team has struggled to receive approval to build a new stadium in San Diego, and would not have to borrow money to lease the stadium from Rams owner Stan Kroenke.
The franchise, however, will have to pay $650 million in relocation fees, as determined in January, and also must fund construction for a new practice facility. San Diego’s stadium situation will again be up for discussion at owners’ meetings this month, with the Raiders similarly angling to move from Oakland to Las Vegas.