Jestin Johnson (Mar 11, 2025 13:41 PDT)
Mar 11, 2025
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1 Ballers Phase II Term Sheet
February 21, 2025
Form of agreement License
Term 10 years
Base rent $1,000/month increasing 3% annually
Future capital improvements (not repairs or maintenance) to Raimondi Park will be credited up to 50% of Base Rent (not Additional Rent)
Paid monthly
Re-appraisal at year 5
Additional rent 50% of naming rights revenue and 20% of sign revenue, net of reasonable third-party commissions, manufacturing and
installation costs, to be dedicated to park facilities and/or programming
$0.50/paid admission increasing 3% annually, to be renegotiated at year 5 to a mutually agreeable rate
Paid quarterly
Utilities Ballers responsible (can recover third party utility usage from reservation fees)
Security Ballers responsible 24x7x365
Repairs & maintenance Ballers responsible, including for maintaining the field in playable condition throughout the year
City access City use of field at no cost up to reasonable limit determined by parties at annual calendaring (see below)
City can access license area at any time not reserved by Ballers, City has keys
City can access license area at any time for emergencies City has exclusive use of on-site office space measuring at least 100 SF
Public access Ballers and OPRYD staff meet at least 2x annually (approximately January and May) to coordinate the calendar
Ballers have priority scheduling during season, including spring training and post-season (“Season”), to be blocked-off prior to Season
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2 Ballers provide and manage reservation system year-round Ballers collect, keep reservation fee Ballers facilitate access to/use of locker room, restroom, scoreboard, public address system Reservations required except during designated open play times, minimum of 25 days and more give if sufficient demand Reservable for clinics, camps, OUSD or other youth baseball games and community events during the Season Ballers to submit annual report on attendance, public use and community benefits Ballers can charge the fees below for third party use Community benefits Addendum C MLB Play Ball Camp, free for Oakland residents Oakland Ballers Camp, free for Oakland residents Coach’s Clinic, free for Oakland residents Little Ballers Program, free for Oakland residents Field maintenance internships for City employees Comp tickets for one game for OPRYD summer campers and staff Minimum 12x/year community events (e.g., movie nights, symphony)
3 Open play hours Priority hiring for displaced Coliseum workers and OUSD students Priority scheduling for historical use organizations: McClymonds (no or subsidized fees), NOLL/SOLL, Babe Ruth 1707 Wood St Concurrent license of 1707 Wood St for parking Rent of $500/month (status quo) One year term with two (2) one-year options City and Ballers each have 30-day right to terminate except within 30 days of the start of the season or during the season Ballers to provide 24x7x365 security, maintenance, repair