San Jose Sharks, City Agree to Lease Extension: Latest Details and Reaction

May 8th, 2015 by Mike Chiari Leave a reply »

The San Jose Sharks and the city of San Jose, California, reached a significant agreement Friday as a lease extension for the SAP Center could keep the organization in place until 2040.

The news was made official by the Sharks and San Jose Mayor Sam Liccardo on the team's official website.

Per Mark Purdy of the Mercury News, this agreement ensures that the Sharks will stay put until at least 2025, although it can be extended for an additional 15 years after that:



According to Sharks.NHL.com, league commissioner Gary Bettman is thrilled that there is now certainty regarding the Sharks as well as the SAP Center: 

The agreement between the City of San Jose and the San Jose Sharks to extend the team's lease is wonderful news for the National Hockey League, for the Sharks—and, most importantly—for the great fans in San Jose, who make 'The Shark Tank' one of our loudest and most exciting arenas. The lease extension underscores (Sharks owner) Hasso Plattner's commitment to the San Jose community, provides the long-term continuity that he always has prioritized, and ensures that one ...

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