The A's and the Oakland-Alameda County Coliseum Authority have agreed on a 10-year lease extension to keep the club at the Coliseum through the 2024 season.

The agreement, announced Thursday morning following a 14-month negotiation period, will be finalized later this month once it's approved by the Oakland City Council and the Alameda County Board of Supervisors.

"After much diligence and cooperation from both parties, we are delighted to make this announcement today," A's owner Lew Wolff said in a statement released by the club. "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."