It has been known by a few names since 1993 when it became the home of the San Jose Sharks like San Jose Arena, Compaq Center, HP Pavilion and most infamously is the “shark tank” (and I would guess it will continue to be called such). Now it will be known as the SAP Center at San Jose with the naming rights to the arena being sold to German software company, SAP, with a new five-year deal.
City officials finalized the deal and a council vote is expected Jun. 18 while a detailed report will not be released until Friday. However, San Jose will receive $1.675 million annually for a total of $8.375 million over the five years. The arena itself was worth $162.5 million and has undergone $16.5 million worth of renovations in 1999.
With so many different names, it may not matter to the fans or the team what the building is named as I am sure they will continue to refer to is by its nickname, the Shark Tank.