{"id":98285,"date":"2025-08-17T08:24:58","date_gmt":"2025-08-17T08:24:58","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/08\/17\/san-jose-sharks-would-stay-in-silicon-valley-through-2051-under-new-deal\/"},"modified":"2025-08-17T08:24:58","modified_gmt":"2025-08-17T08:24:58","slug":"san-jose-sharks-would-stay-in-silicon-valley-through-2051-under-new-deal","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/08\/17\/san-jose-sharks-would-stay-in-silicon-valley-through-2051-under-new-deal\/","title":{"rendered":"San Jos\u00e9 Sharks Would Stay in Silicon Valley Through 2051 Under New Deal"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>\u201cOver the last decade, Sharks owner Hasso Plattner has invested well over $100 million into the city-owned venue and is committed to invest at least an additional $100 million to modernize the facility, in conjunction with the City\u2019s efforts to tackle years of deferred infrastructure maintenance in the arena,\u201d Becher wrote.<\/p>\n<p><a href=\"https:\/\/www.kqed.org\/news\/11649517\/san-jose-rubber-puckies-how-the-sharks-became-the-sharks\">The Sharks<\/a> have played at the SAP Center since 1993, winning six division titles. The arena is among the oldest in the NHL, and has gone without a major renovation.<\/p>\n<p>The current layout is also out of compliance with current NHL standards, according to the proposal\u2019s memorandum of understanding. For example, the visiting team\u2019s clubhouse is on the opposite side of the ice from the visiting bench, forcing coaching staff to walk across the ice at the beginning and end of each period of play.<\/p>\n<p>The team, which has historically operated at a loss, notified the city in 2023 that they would not agree to rent increases without a plan to address the facility\u2019s condition.<\/p>\n<p>Under the proposed deal, the Sharks would owe a termination fee equal to San Jos\u00e9\u2019s outstanding debt plus interest if they relocate outside San Jos\u00e9 before the end of the agreement. According to the memorandum of understanding, no other NHL city has \u201cas strong a guarantee from their team to remain in their home market.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/ww2.kqed.org\/news\/2025\/08\/16\/san-jose-sharks-would-stay-in-silicon-valley-through-2051-under-new-deal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cOver the last decade, Sharks owner Hasso Plattner has invested well over $100 million into the city-owned venue and is committed to invest at least<\/p>\n","protected":false},"author":1,"featured_media":98286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[154,183],"tags":[],"class_list":["post-98285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-spotlight"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/98285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=98285"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/98285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/98286"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=98285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=98285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=98285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}