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9/20/2013 10:12 A.M. ET

Rogers Centre and Toronto Argonauts finalize new licence agreement

Argonauts have option to play at Rogers Centre through 2017 season

            A new licence agreement between ROGERS CENTRE and the TORONTO ARGONAUTS FOOTBALL CLUB has been signed to keep the team playing at the stadium until the licence expires on December 31st, 2017 with an option by the Argonauts to terminate the agreement earlier. The parties involved have agreed that no licence renewal past that date is contemplated.

            Blue Jays and Rogers Centre President and C.E.O. Paul Beeston commented on the agreement noting that "we are pleased to have concluded what has been a very amicable negotiation with the Argonauts resulting in an agreement that is fair for both the Blue Jays and the Argonauts. The length of the deal allows the Argonauts a reasonable period of time to pursue other stadium options while allowing us sufficient time to plan the logistics of various stadium improvements including the installation of a grass playing surface for baseball at Rogers Centre."

            Toronto Argonauts Executive Chairman and C.E.O. Chris Rudge stated that "Rogers Centre representatives have been a pleasure to negotiate with through this licence agreement extension. The Argos look forward to the process of developing and implementing a plan for a new home for the team while we continue to be a cornerstone tenant of the stadium that has been our home since its opening in 1989."

This story was not subject to the approval of Major League Baseball or its clubs.