The City of San Jose has struck a proposed lease agreement with the San Jose Sharks to modernize the city-owned SAP Center and keep the professional hockey team there through the 2050-51 season, city and team officials announced.<\/p>\n
Sharks owner Hasso Plattner said he will invest at least $100 million to update the city-owned arena nicknamed \u201cThe Shark Tank.\u201d The city didn\u2019t disclose how much it would commit. The San Jose City Council will vote on the deal on Aug. 26.<\/p>\n
While the Sharks have won six division titles since 1993, the team finished last in the National Hockey League\u2019s Pacific Division in 2024-25 with a record of 20-50-12.<\/p>\n
\u201cOur world-class team deserves a world-class arena and South Bay fans deserve a modern, smooth, and memorable gametime experience,\u201d Mayor Matt Mahan said in a news release. \u201cThat\u2019s what this deal is all about \u2014 serving this generation of San Joseans and the next.\u201d<\/p>\n
Under the proposal, Sharks President Jonathan Becher said, the city would agree to \u201ctackle years of deferred infrastructure maintenance in the arena.\u201d<\/p>\n
City Manager Jennifer Maguire hailed the proposed amended lease agreement as a \u201crevitalized partnership between the City of San Jose and the Sharks Sports & Entertainment, whose stewardship of the SAP Center has kept it an economic catalyst for the city, filling hotel rooms, driving patrons to downtown restaurants and boosting local businesses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The City of San Jose has struck a proposed lease agreement with the San Jose Sharks to modernize…\n","protected":false},"author":2,"featured_media":163616,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5127],"tags":[5,28378,285,4,483,3113,519,168,5306,5305,4230,1780,43],"class_list":{"0":"post-163615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-jose-sharks","8":"tag-hockey","9":"tag-mayor-matt-mahan","10":"tag-national-hockey-league","11":"tag-nhl","12":"tag-professional-sports","13":"tag-renovations","14":"tag-san-jose","15":"tag-san-jose-sharks","16":"tag-sanjose","17":"tag-sanjosesharks","18":"tag-sap-center","19":"tag-sharks","20":"tag-sports"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nhl\/115055143441478957","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/163615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/comments?post=163615"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/posts\/163615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media\/163616"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/media?parent=163615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/categories?post=163615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nhl\/wp-json\/wp\/v2\/tags?post=163615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}