The Oakland City Council approved a non-binding financial term sheet for the Athletics' new stadium agreement in a critical vote on Tuesday. The city council voted 6-1 with one abstention to approve the term sheet, which was submitted by the A's and lays out the basic ballpark project fundamentals.

"Based on our extensive negotiations, shared values and shared vision, we believe the A's can and should agree to the terms approved by the City Council today," Oakland mayor Libby Schaaf, council president Nikki Fortunato Bas and vice mayor Rebecca Kaplan said in a joint statement.

A's president Dave Kaval said Tuesday the team would not accept the sheet after it had been amended to clarify the club would not be responsible for infrastructure costs involved in the building of a new ballpark.

"I think it is important to remember that the current term sheet, even with these amendments, is not something that the A's have consensus around," Kaval said. "It's not a term sheet that we proposed with edits that we kind of have come together in mutual agreement.

"And I just really want to stress that voting yes on something that we don't agree with or we don't have consensus around is not an effective path forward."