Also remember, Cleveland has no financing, Jets have tons of seats with financing still. If they killed PSLs they would not get any remaining payments. Jets cant kill PSLs till at least ten years from now when they are nearly all paid off.[/QUOTE]
Ding Ding Ding: Don't see it happening.
1) The entire UD is PSL free. Can't eliminate a PSL that doesn't exist. I could see the Jets giving UD fans who continue renew the right to eventually "sell" their seat rights once the team/economy improves.
2) The vast majority of unsold PSL seats are in the club areas. I have always thought that the Jets made a huge mistake pricing the PSL's and the seats high. But, dropping the PSL's for new buyers would probably cost the Jets money as existing PSL owners (with loan balances that might be very large) would be able to default for free.
3) The Non-Club PSL's are the only "sold out" sections in the stadium. Furthermore, the PSL's make it likely that PSL Owners will renew. Getting rid of the non-club PSL's would be idiocy.
I could see the Jets offering existing PSL owners incentives to upgrade (which is why I am waiting until I get my invoice to decide what to do):
1) Pay off existing loan balance and we will give you a 1 section "upgrade"
2) If you add seats and remain in your section, the Jets could give you a price break on the "new" PSL's.
3) Fix the Mezz Club seats to reduce the amount of "club" seats available. I figure that they have 30-40% excess capacity up there. IMHO - non-club Mezz seats (priced at $120-130/game) on the sidelines would sell quickly.