The San Diego Chargers will not relocate for at least the 2016 season.

The Chargers have until January 15, 2017, to exercise their option to move to Los Angeles. 

Should the Chargers build in San Diego, they would receive what amounts to a $100 million grant from the NFL in addition to the standard $200 million G4 loan for new stadium construction.

"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 commissioner Roger Goodell said in a statement. "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."