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A word to the wise on PSL's


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#26 Larz

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Posted 13 October 2012 - 07:23 AM

Maybe they wouldn't have been if the Jets hadn't sold them as an investment.

I'm thinking class action lawsuit. Fraud.


investments may lose value

I'm sure they covered that base
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#27 gEYno

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Posted 13 October 2012 - 08:41 AM

Maybe they wouldn't have been if the Jets hadn't sold them as an investment.

I'm thinking class action lawsuit. Fraud.


Anything can be sold as an investment. It's on those who didn't do the math.
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#28 JFtoLong

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Posted 13 October 2012 - 08:48 AM

That was the most ridiculous part of the argument. The money you save by not buying 2 preseason games in one season alone, will be enough to cover the costs above face value for any playoff game you wanted to go to. If they existed, of course.


This was the exact argument we used not to buy PSL's, and give up our season tickets that had been in our family for 30 plus years.

It has turned out to be a very wise decision.

Not only did we not pay the PSL, but we don't buy preseason, and we have gotten many of the games below face value.

Plus, when they are 5-9 we can chose not to buy tix for freezing games in late December.

Now with the savings, I have no problem paying a big premium when we get a home playoff game every 15 years if we are lucky.
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#29 Lil Bit Special

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Posted 13 October 2012 - 02:54 PM

My seats are epic and the good memories outweigh the bad, I'm happy and not dumb enough to judge a long term plan on 3 years.


Im glad you are enjoying it! If its worth it to you, it doesnt matter what anyone else thinks. I just hope when the New-New Meadowlands is built in 2035 you're offered a good deal on the New-New PSL's.
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#30 AlToon88

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Posted 15 October 2012 - 03:47 PM

My seats are epic and the good memories outweigh the bad, I'm happy and not dumb enough to judge a long term plan on 3 years.


3 years?? Try 40 years, Pal! You must be mistaking this team with the other NY team. Don't you know that this has been virtually the same team the past 40 years???
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#31 Lil Bit Special

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Posted 16 October 2012 - 09:50 AM

3 years?? Try 40 years, Pal! You must be mistaking this team with the other NY team. Don't you know that this has been virtually the same team the past 40 years???



they wont be in that stadium for 40 years.
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#32 rowonejetfan

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Posted 16 October 2012 - 12:59 PM

Jets did not use dynamic pricing in pricing PSL sections like the Yankees or Nets do. For instance.section 142 10K PSL row one seat one on the 28 yard line right by 20K PSLs was priced the same as last row in section 142 10K PSL on ten yard line by lower priced 7.5K PSLs.

In secondary marrket of course tons of PSLs will sink in value as must owners paid too much in first place.

In the 142 example, most likely Jets Underpriced 1/3 of seats, correctly priced 1/3 of seats and Overpriced 1/3 of seats. Hence in 142 you dont see people within ten seats of aisle by 140 or in first ten rows walking away. But folks within ten seats of 143 in high rows or high rows dead in middle may walk away.

Why is that? Look at secondary market prices. In a given section I see rows 1-5 and aisle seats near higher priced sections regularly go for $100 above face on stubhub. Meanwhile junky back row seats in the middle once you factor in stubhub fees and preseason, you paid for a PSL for the right to the worst seats in stadium and right to lose money.

Did anyone in their right mind think LLEZ dead center middle of aisle seats at dripline with folks from Mezz A spilling Beer on their heads would be a money maker, Yet those rows sold out. Did anyone think last row TC corners one seat from LLEZ seats wtih a PSL that was like 60% less would be a money maker, nope none did. Mezz Clubs were a crazy PSL, in old stadium hard to sell those seats at $115 and now that ticket prices have tripled with a PSL who wants it.

Bottom line majority of people I know who are super super happy with their PSLs are folks in LLEZ, LLTC, LGL or LSL who bought pre-price cut. They picked out best 5% of seats in section and since sections were overpriced had their pick. They got extremely lucky when jets retroactively reduced prices.
But that is screwed up part Luck played such a factor, folks who bought in Mezz A, LLEZ corners, LL prime got screwed with price reductions. They wasted their senority buying seats in sections like that. Remember, LLEZ corners and Mezz A corners were the hot seats to pick when LGL was 10K and LSL was 15k with a much higher ticket price. They redued the ticket prices in LGL and LSL at same time as PSL. Friend I tailgate with bought six seats in LGL in first three rows right next to LSL, right on aisle starting ten yard line.

He was kicking himself as he bought them when they were 10K psls and a $145 ticket. When prices got reduced to 7.5K and $130 he got bailed out. He can sell games for like $300 each. Ten yard line row 3 aisle seats with a $130 ticket price he joked I could sell them all day long. He laughs that row 4 UD prime behind him had a ticket only $5 bucks less and is like 60 rows behind him.

Jets issue was you cant sell best 10% of seats to 100% of people. PSL reps worked hard to sell them all. Really it is just the bottom 5% of seats that are god awful and those are the ones that will default.
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#33 73andMe

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Posted 16 October 2012 - 07:21 PM

The only way to increase (or sustain) PSL values is to WIN, WIN, WIN BIG! And then WIN some more!
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#34 sirlancemehlot

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Posted 16 October 2012 - 09:45 PM

What you're all forgetting is that this is a "personal seat license". Which means you personally are licensed to sit in it. So long as you aren't trying to sit in it when Giants fan also has a "personal seat license" to the same seat. Or when there's a concert or a...SUPERBOWL! and the tickets to your personally licensed seats are sold on the open market without your notification. Otherwise you have a personal seat license which people who buy tickets game by game don't have. So those guys are actually unlicensed spectators. Which, if you ask me, makes them deportable.
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#35 Maxman

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Posted 16 October 2012 - 10:25 PM

That was the most ridiculous part of the argument. The money you save by not buying 2 preseason games in one season alone, will be enough to cover the costs above face value for any playoff game you wanted to go to. If they existed, of course.


I am not disagreeing with you. But if the Jets were to have a good season, a real big 13 and 3 kind of season with two home playoff games and a Super Bowl win...the fees for that year (tickets to 8 games and 2 playoff games) would be more than the same seat with a PSL for the year with the preseason.

But that would be a one year loss. And that exact scenario I described has never happened, lol. So I am not waiting up for it.

Me? I am a creature of habit so I am happy with my $2,500 PSL because having the same seats each week is important to me.
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#36 Maxman

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Posted 16 October 2012 - 10:27 PM

HELLOOOOO handsome....how are you??? Take a road trip to SEATTLE with me~~~


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#37 T0mShane

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Posted 16 October 2012 - 10:42 PM

I am not disagreeing with you. But if the Jets were to have a good season, a real big 13 and 3 kind of season with two home playoff games and a Super Bowl win...the fees for that year (tickets to 8 games and 2 playoff games) would be more than the same seat with a PSL for the year with the preseason.



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#38 gEYno

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Posted 16 October 2012 - 10:45 PM

I am not disagreeing with you. But if the Jets were to have a good season, a real big 13 and 3 kind of season with two home playoff games and a Super Bowl win...the fees for that year (tickets to 8 games and 2 playoff games) would be more than the same seat with a PSL for the year with the preseason.

But that would be a one year loss. And that exact scenario I described has never happened, lol. So I am not waiting up for it.

Me? I am a creature of habit so I am happy with my $2,500 PSL because having the same seats each week is important to me.


The same seats argument is the only one that really stands up.

Ultimately, as you say, us "non owners" could suffer a bad year (which we'd gladly pay for) but that's more than made up for by the many years that they're even just pretty good. A lot better when they stink, which, lets be honest...

Then again, your girlfriend's father could have unreal ticket connections that land you 5 rows off the field on the 45 yard line for free, but hey........
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#39 Brenjetsfan

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Posted 19 October 2012 - 11:31 AM

Max.....Come too....we can all be SLEEPLESS in SEATTLE......No scripts for me.....I am going ot hunt Christian Grey down....hahhaha
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#40 cr726

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Posted 19 October 2012 - 09:01 PM

You overpaying for a game or 2 is a big part of the Jets reasoning for their ticket prices. When they they look at the sale prices on the secondary markets, which they now also get a piece of as well, they assumed their ticket prices were teasonable. F'ing the real fans.


This was the exact argument we used not to buy PSL's, and give up our season tickets that had been in our family for 30 plus years.

It has turned out to be a very wise decision.

Not only did we not pay the PSL, but we don't buy preseason, and we have gotten many of the games below face value.

Plus, when they are 5-9 we can chose not to buy tix for freezing games in late December.

Now with the savings, I have no problem paying a big premium when we get a home playoff game every 15 years if we are lucky.


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#41 joebabyny

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Posted 20 October 2012 - 03:04 AM

And if I hosted a thirty lesbian orgy in my living room, I could charge $400 bucks per seat on my couch to watch it.


This was actually a business plan of mine at one time in my life, lol.
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#42 Thor99

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Posted 20 October 2012 - 07:25 AM

This was actually a business plan of mine at one time in my life, lol.


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#43 JFtoLong

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Posted 20 October 2012 - 09:00 AM

You overpaying for a game or 2 is a big part of the Jets reasoning for their ticket prices. When they they look at the sale prices on the secondary markets, which they now also get a piece of as well, they assumed their ticket prices were teasonable. F'ing the real fans.


I have not paid a dollar over face value for a ticket since we moved to the new stadium, and in fact have paid less for almost every game so far for comparable seats to our old season tickets.

If every 15 years when we have a home playoff game, I need to pay a premium for the tickets, so be it, I and many others will still have avoided the ridiculous PSL, and ridiculous pre-season games.

My family had 4 season tickets for over 30 years, to charge us a PSL after paying for a complete crap product for most of those years, including pre-season tickets, was a complete slap in the face.

I hardly think overpaying for a game every 15 years is going to change ticket prices.
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#44 gEYno

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Posted 20 October 2012 - 02:18 PM

You overpaying for a game or 2 is a big part of the Jets reasoning for their ticket prices. When they they look at the sale prices on the secondary markets, which they now also get a piece of as well, they assumed their ticket prices were teasonable. F'ing the real fans.


I've learned so much on JN about who is a real fan and who is not. New to the list today:

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#45 Blackout

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Posted 20 October 2012 - 02:40 PM

OMG...Short sales on PSL's.....At least the REAL ESTATE market is picking up for me~~ SOOOO glad I didnt purchase PSL just the cheapo upper seats~~~ Good day~


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#46 CrazyCarl40

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Posted 20 October 2012 - 03:04 PM

This was actually a business plan of mine at one time in my life, lol.


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#47 Brenjetsfan

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Posted 24 October 2012 - 12:00 PM

Bren is the coolest person on this forum by a mile!

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#48 jerseyboyisback

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Posted 12 March 2013 - 09:21 PM

Has anyone defaulted?? what is the result? Does it affect your credit if you default and will the jets come after you for remaining balance?


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#49 Maxman

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Posted 13 March 2013 - 08:14 AM

Has anyone defaulted?? what is the result? Does it affect your credit if you default and will the jets come after you for remaining balance?

I am not sure, but would love to know the answers to that as well.
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#50 Green DNA

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Posted 13 March 2013 - 08:31 AM

Of course it effects your credit.  You entered into a contract to pay off a note and if you default that is a huge black mark on your credit rating.  I don't know how old you are, but mortgages are tough enough to get with good credit, good luck with a default on your record. Basically, the cost of defaulting will be higher than the cost of a PSL.  The big question is how hard the Jets pursue this.  From a legal perspective they win hands down, but it will be a public relations nightmare.    


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