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Sharks to announce lease extension, arena improvements on Friday

SAN JOSE -– The Sharks and the city of San Jose are expected to announce an extension to the lease at SAP Center as well as upgrades to the building in a press conference on Friday afternoon, according to an NHL source.

The Sharks’ current lease runs through 2017-18.

Sharks owner Hasso Plattner hinted at a lease extension in his open letter on April 23, saying: “We are trying to finalize with the City of San Jose a new arena deal keeping the Sharks at home."

Sharks C.O.O. John Tortora later clarified Plattner’s statement on April 27.