The Sharks’ current lease runs through 2040, including an annual renewal beginning in 2025, and the organization plans on being at SAP Center for at least that long.
Building a new arena for the Sharks is “not even on the radar,” according to co-president Jonathan Becher, who told The Athletic this week that the team is focused on continually upgrading SAP Center to meet the demands of the modern fan.
“To oversimplify, there’s been roughly $150 million put into the building since it’s opened, which that itself if you did it in one summer or over two summers would be a pretty major remodeling,” Becher said.
“We don’t think of ourselves as an old building,” Becher said. “On average, NHL teams spend 40-45 years in a building before they either blow it up and rebuild on their parking lot or move someplace else. It’s tempting to call this an old building, but if you look around the NHL, it’s still mid-lifetime.”
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