SAN DIEGO (KUSI) - Dean Spanos announced Friday the Chargers will remain in San Diego for the 2016 season.
"I have met with Mayor Faulconer and Supervisor Roberts and I look forward to working closely with them and the business community to resolve our stadium dilemma," Spanos said in his statement.
Read his full statement below:
Dear Chargers Fans,
Today I decided our team will stay in San Diego for the 2016 season and I hope for the long term in a new stadium.
I have met with Mayor Faulconer and Supervisor Roberts and I look forward to working closely with them and the business community to resolve our stadium dilemma. We have an option and an agreement with the Los Angeles Rams to go to Inglewood in the next year, but my focus is on San Diego.
This has been our home for 55 years, and I want to keep the team here and provide the world-class stadium experience you deserve. Everyone on both sides of the table in San Diego must now determine the best next steps and how to deploy the additional resources provided by the NFL.
I am committed to looking at this with a fresh perspective and new sense of possibility.
With deep appreciation for your years of support,
Dean A. Spanos
His statement came an hour after it was reported that he had reached an agreement with Rams owner Stan Kroenke to share a future stadium in Inglewood, in Los Angeles County.
What we have in the Chargers/Rams deal is an agreement in principle.
There are still many detailed to be worked out and this doesn't assure the Chargers will be getting a long-term deal in San Diego.
Many of the issues that drove the Chargers from the negotiating table remain. Their future in San Diego will likely depend voter approval this November.
It was more likely the team would not move immediately even if a deal was reached with the Rams.
Dean Spanos loses nothing by staying another year at the Q. His deal with the Rams is secure until January of 2017.
Staying in San Diego and re-opening negotiations gives him leverage to try one last time to get a stadium deal in San Diego.
Doing a deal was somewhat predictable, negotiations were stalled and Spanos needed a second option. Rams owner Stan Kroenke also had an incentive to do a deal because he couldn't sell naming rights or personal seat licenses until he gets a second team.
Ironically, he still can't because the Chargers aren't physically moving to Inglewood, which is required.
That also works in Spanos' favor.
But by staying in San Diego, this stadium issue gets dragged out for another year.
The Chargers contract at the Q runs to 2020. It has an annual escape clause that runs from February first until the end of April.
The team could have moved immediately. Now, with the team staying here for the 2016 season, its first opportunity to leave isn't until February of 2017.
It took time to negotiate the deal with the Rams. That time frame bumped up against moving the team immediately.
There was a March time frame to have this decided to the league could set the schedules.
And logistically, the team would have to move within a couple of weeks, shortening the time needed to sell tickets and sponsorships for the 2016 season in both venues.
We know the NFL wanted two teams in Los Angeles sooner rather than later.
We now know it will be later.
Mayor Kevin L. Faulconer and Chairman Ron Roberts of the County Board of Supervisors released the following joint statement after Chargers Chairman Dean Spanos informed them of his decision to stay in San Diego for the 2016 season and work toward a long-term stadium solution.
"We appreciate Mr. Spanos' commitment to staying in San Diego for the 2016 season to work with the region on a stadium solution. We look forward to discussing his vision for a new San Diego home for the Chargers, and will be working with him and our negotiating team on a fair and viable plan to put before voters. We have agreed to meet again in the near future."
NFL commissioner Roger Goodell also made a statement after the official word from Spanos was released:
We are very supportive of the decision by Dean Spanos to continue his efforts in San Diego and work with local leaders to develop a permanent stadium solution. NFL ownership has committed $300 million to assist in the cost of building a new stadium in San Diego. I have pledged the league's full support in helping Dean to fulfill his goal.
It's now up to Mayor Faulconer and Dean Spanos to work out a stadium deal in San Diego.
If not, the Chargers will join the Rams early next year.
4575 Viewridge Ave. San Diego, CA 92123