As part of their ticket plans for the upcoming Chase Center, the Golden State Warriors‘ plan to offer personal seat licences (PSLs).
For the 2019-2020 season, the Warriors are expected to open the Chase Center, the new arena currently under construction in San Francisco’s Mission Bay neighborhood. More details on the cost of licences are expected to be revealed in the future, but some information on the team’s ticket plans have been reported.
According to ESPN, the team plans to cap season ticket sales at about 12,000, a number smaller than its current inventory of 14,500 at Oakland’s Oracle Arena. For season tickets for individual seats, price ranges include $15,000 or less per seat for half of the ticket inventory, with the other half costing above that amount.
The program is fairly unique not only for its structure, but in its use in the NBA. Similar concepts are commonplace in the NFL, but have not been this used to this extent by other NBA clubs. More from ESPN:
The Warriors would return the money the fan paid for the right to buy tickets after 30 years. That essentially means the personal seat license, which will be called a “membership,” is acting as an interest-free, tax-free loan to the team for three decades.
Fans can transfer or give back the license before the 30 years are up, so they aren’t required to commit to the full term, but they won’t get their money back until Year 30.
The Toronto Raptors are the only other NBA team with personal seat licenses, which are offered only for their best seats and also include rights for Toronto Maple Leafs tickets. A majority of NFL teams use licenses, however.
The membership will be transferable, but unlike in the NFL, the licenses will not be allowed to be resold for a value above the original price paid minus the years used.
Ground was broken on the Chase Center earlier this year, and it is currently expected to open in time for the 2019-20 NBA season. Until then, the Warriors will remain at Oracle Arena.
RELATED STORIES: Preview: Chase Center