THE SAN JOSE SHARKS’ SAP Center lease with the city is expiring next year, and the terms will be changing — opening the door for negotiations with both parties.
Next year the city, which owns the arena, can hike the Sharks’ rent annually, and Sharks Sports and Entertainment leaders are hinting at a desire for the city to help pay for upgrades in lease talks. Team officials describe the 30-year-old downtown “Shark Tank” as one of the NHL’s oldest arenas.
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