New Tampa Bay Rays deal details released

ST. PETERSBURG — Days of secretive, closed-door meetings finally given way to results in the Rays Stadium Saga. Under the new proposal, if the team leaves after 2018 they will have to pay the city $24 million.

The rays would also have to pay to help create a master plan for the area around Tropicana Field.

The next step: The St. Pete City Council could vote next Thursday.

In fact, the talks were so secretive the mayor's office claimed the details of a new deal from the Tampa Bay Rays haven't even been written down.

But Thursday evening, the exact terms for the team to start looking for a stadium site outside of St. Petersburg.

Click here to see the proposal deal with the Rays

10News WTSP is digging deeper into what a Rays move could mean for your wallet on both sides of the Bay.

Here's what we know so far.

Councilman Charlie Gerdes said earlier this week the deal isn't that different from the previous offer on the table.

That means the Rays will probably get permission to move outside of St. Pete, and move before their contract is up in 2027.

Tampa Bay Rays Stadium Saga - Continuing Coverage

It would only take one vote from council, as early as Jan.  14, and Hillsborough County Commissioner Ken Hagan says he's chomping at the bit to give an option to the Rays.

"The unfortunate reality is we do not have the luxury to let another 4, 5, 6, 7 years go by or else we're going to lose the team."

Hagan says any deal would require $200 million to $250 million from the Rays, and about $300 million in private money.

He says no new taxes for you, but you would have to pony up for the roads, sewer lines and the like.

The problem is, when there are no specifics on how to pay for it, often times you, the taxpayer, gets stuck with the bill.

We're going to keep a watchful eye and stay on top of this developing story for you.

More coverage of the story:

Mayor: Rays stadium talks "productive"

Rays reject City Council's offer in Tampa stadium search

St. Pete taxpayers to finance new stadium?

Kriseman wants St. Pete stadium

Rays talk to Hillsborough commissioners




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