he Oakland Athletics will be playing in O.co Coliseum for the next 10 years, the club announced in a press release Thursday. The talk of perhaps moving to San Jose or elsewhere is effectively put to bed and from the sounds of things, the A's won't be getting a new stadium in Oakland for at least 10 years.

"After much diligence and cooperation from both parties, we are delighted to make this announcement today," said A's Owner Lew Wolff in a statement. "We believe this agreement works well for city and county taxpayers, the team, A's fans and all involved. It provides stability for the A's while also improving fan and player experience with significant upgrades and improvements at the facility."

The deal will be finalized after it gets approval from the Oakland City Council and Alameda County Board of Supervisors.