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Deal between Sharks, San Jose locks up team until 2051 while committing city to arena upgrades

An agreement between San José and Sharks Sports & Entertainment promises to keep the NHL franchise in the city until 2051 while investing hundreds of millions of dollars to upgrade and modernize the SAP Center. The agreement — scheduled for City Council approval later this month — would commit the city to providing $325 million of the overall $425 million investment and impose stiff penalties on the Sharks should they leave the city. “For more t…

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The Mercury news broke the news in San Jose, United States on Saturday, August 16, 2025.
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