The San Jose Sharks have confirmed an agreement with the city to fund significant renovations for SAP Center, ensuring the team's presence in San Jose until the 2050-51 season. This decision follows 30 years of the franchise's operation in the city. Team president Jonathan Beecher expressed enthusiasm about the project's potential, which will be finalized pending approval by the San Jose City Council. Additionally, the agreement includes plans for a future arena beyond the current contract period, indicating a commitment to the team's long-term future in San Jose.
"For more than 30 years, Sharks Sports & Entertainment has proudly represented the City of San José and its residents, bringing world-class sports and diverse entertainment events to SAP Center at San José, one of the City of San Jose's greatest economic generators."
"On August 26, the San José City Council will have the opportunity to cement the legacy of the Sharks in San José by voting to approve a new partnership between SSE and the City of San José to reinvest in SAP Center, keeping the Sharks in San José through the 2050-51 season."
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