San Jose City Council Approves Deal To Keep The Sharks In The City Until 2051

CBS Bay Area

August 27, 2025

The San Jose City Council unanimously approved a deal Tuesday to renovate the Sharks' arena and keep the team in the city until 2051.

Mayor Matt Mahan and all 10 council members approved the deal that commits the city to investing $325 million to upgrade the 32-year-old SAP Center owned by the city with team owner Hasso Plattner contributing an additional $100 million. Plattner has already invested more than $100 million on arena upgrades over the last decade.

The agreement would also penalize the Sharks if they left the city before the lease expires on June 30, 2051.

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