In a year that we know is going to be average at best, a PSL owner will do his best to make as much money as possible for the good games to offset the games he winds up going to. Under normal circumstances, I would never miss a Patriots game or Steelers game. I intend to sell each game for 2X face value and thus offset the 6 games I will be attending. 2 of those remaining 6 games will be useless, and I will get 50% of my seat money back.
So of the $4,000 I'll spend in April, I'll make back $2,000 on the 2 elite games, and $500 back on the 2 dog games. It will therefore cost me $1,500 to attend the remaining 4 games. Which is less than face value. No worries.
If I was to call up and completely pay off what I owe on the PSL, could I then walk away seeing as I've paid them their PSL and they can now re-sell that PSL/those seats?
As one of the many who you (Browning Nagle) mentioned - considering walking and letting the dogs come - I'm interested if you could give any detail on this.
you can probably trade for upper deck seats and cash depending on the brokers need for your tix.
the jets organization screwed all the fans on and off the field.
Pay off your PSL's. Then sell the entire regular-season in one shot at face value. Wait for the team to improve, and then sell your PSL's for breakeven.
The market for buying partially paid off PSLs for pennies on the remaining value dollar will probably be awesome if this happens.
There'll be more than a few people standing by.
Let's say that 10% of all PSL owners got in over their heads, simply can't make the season payments and/or are so upset by the team that they want out of their commitments.
They'll bail out at a very low price which will allow other fans to scoop up the bargains.
And so long as there are at least 2 elite games per year in which a PSL owner can get 2x face value, that alone pays off 25% of the season. If a PSL owner was smart in 2009 he picked seats that could withstand a few bad seasons. I know I did.
Once the PSL(s) are paid in full, you can simply walk away. You will then lose your PSL(s) and the Jets will have the right to re-sell them to whomever they please. The only commitment any PSL owner made, was to pay for the PSL in full by either paying in full, 5 or 15 year financing. If you chose the 5 or 15, you may be obligated to pay for any "early" payoff fees. Otherwise you will be Scott Free. This is where the defaults will come into play. People will just walk away once the PSL(s) are paid in full. The Jets will have to try and resell them but it won`t be easy for them. No one will want them after knowing whats been, either through witnessing with own eyes or word of mouth, which has been terrible at best from both Jets & Giants fans. Woody will then have to restructure the pricing once again and that will only anger the remaining PSL owners if they don`t get the same deals. It`s a total clusterF for the Jets right now. This is simply not a franchise worthy of PSLs. They share a stadium with a proven winner. It`s been 43, going on 44 years now, where the Jets have done NOTHING in this league. The Jets are NOT worth what Woody may think. The Jets are a $25(UD), 75(LD) and $100(Mezz) type of team. Thats it. PSL owners do not get what a true PSL owner should be entitled to. You are supporting the construction of the stadium and that should entitle you to EVERY event being held inside YOUR stadium. You simply don`t get that with the Jets & Giants. You lose out. Not worth it. It`s gonna be interesting to see what Woody can possibly do in the future. I think he is realizing he may have made the biggest mistake by purchasing this team. Just like many of the fans have realized what a mistake it was to purchase these bogus PSLs.