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WARRIORS PLACE HALLOWEEN DEADLINE ON SAN JOSE'S PROPOSAL
Published October 23, 1995
Warriors officials said Sunday that they need a commitment - - approved by the San Jose city council -- by October 31. With that new deadline, city officials spent the day trying to resolve the "key stumbling block": agreement from the Sharks. Sources say the Sharks want new contract language that in 10 years would automatically guarantee the NHL team "whatever concessions the city might have to offer to keep the basketball team when its lease expires." As the plan reads now, a Warriors' 10-year lease with San Jose Arena would run out two years before the Sharks. Sharks officials worry the Warriors "would get first crack at eliciting valuable concessions from the city to renew the contract. Because the concessions are unknown, it would be risky for the city to make such a promise to the Sharks" (Mary Anne Ostrom, SAN JOSE MERCURY NEWS, 10/23).