The Shark Tank is officially becoming the SAP Center


Back in March, we wrote about a potential name change for the home of the San Jose Sharks.

Today, lo and behold, we learn that the arena’s official name is going to be changed from HP Pavilion to the SAP Center.

Of course, everyone in San Jose will just keep calling it the Shark Tank anyway.

SAP, by the way, is a big German software company that was co-founded by Sharks majority owner Hasso Plattner.

From NBC Bay Area:

According to the San Jose mayor’s office, the San Jose Sharks have come to a five year agreement with SAP. The payments are split between the city of San Jose, which owns the building, and the San Jose Sharks hockey team.

The annual payment to the San Jose will be $1,675,000, with total revenue of $8,375,000 over five years, according to the city.

The change is subject to approval by the San Jose City Council, which is expected Wednesday.