The San Jose Sharks are expected to remain at the SAP Center for at least the next 10 years.

The current lease runs through June 30, 2018. Beginning in the 2026-27 season, the Sharks will be on a year-to-year lease through 2040. As part of the new deal, the city and Sharks have agreed on a plan to maintain and upgrade the facility.

"Yes, there are others around us here building arenas or wanting to build arenas, and they were buzzing in the left ear and then the right ear. I never ever entertained any discussions with those folks as long as we had a chance to come to a decent agreement here, and we have done that," Hasso Plattner said.