Chargers to stay at Qualcomm; L.A. no longer 2015 option

The San Diego Chargers will not be moving to Los Angeles in 2015.

The team announced Tuesday evening it will not exercise the termination clause in its lease at Qualcomm Stadium. The Chargers have been eligible to get out of the lease every year since 2007.

The Chargers had until Feb. 1 to make this decision.

Mark Fabiana, special counsel to Chargers president Dean Spanos, said in a statement the team will "keep working to find a publicly acceptable way to build a Super Bowl-quality stadium in San Diego."

The Chargers' decision eliminates one team from the list of potential franchises to relocate to Los Angeles next season. The Oakland Raiders and St. Louis Rams, both unhappy with their stadium situations, would be able to leave their current cities after 2014 without paying a termination fee.

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The Chargers would have had to pay $17.6 million to exercise the termination clause.

The Chargers have been working for 14 years to figure out a way to build a new stadium in San Diego to replace Qualcomm Stadium, which opened in 1967 and is now arguably the league's most out-of-date stadiums.