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PSL Question


TuscanyTile2

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First off, I'm definitely not planing on buying a PSL.  I just am wondering if people who own them (or are knowledgeable about them) have insight on my question.

 

Can someone explain to me what the PSL is for if someone can just buy tix to a game at a regular price without one?  Is the PSL essentially a fee on top of the price of season tickets and it essentially gives you no benefits? I know the sales pitch was "you own the seat" or something like that but that felt counter-intuitive as you don't get any guarantee about being able to purchase a ticket to any non-Jets event (e.g. a concert) held at MetLife.  It wouldn't be possible anyway as Giants fans own the same seats that Jet fans do.

 

Side question - does anyone know their "Giants equivalent' PSL holder for their seats?

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You don't know it now but soon you will understand you just opened Pandora's box. SAR will see this thread and festivities will start. I really gotta go get popcorn. 

 

I am not a PSL owner either but I am looking for cheap PSL's right now so I know a little bit about them. PSL's gives you the ability to purchase Season Tix for the seats you paid PSL's for. No benefits other than being invited to some Jet organized events.

 

Upper Bowl for Jets is PSL free but Giants charge PSL for every seat in the house. On average Jet PSL prices are  higher than Giant PSL's as far as I know. 

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simply put, the PSL is a surcharge on the regular ticket price for the better seats in the stadium.  It affords no benefits whatsoever. In fact this is a 30 year surcharge that you pay up front and locks you into your seat.  It assures the jets that they won't have to resell your seats until such time that your PSL is worthless or you abandon your seats and lose the PSL money you paid to that date.

 

Zero benefits to the PSL owner (I know, I'm one of them) and extra profits and security for the Jets.  

 

Don't let anyone tell you otherwise.  That's the reality of it.  

 

Oh... well you do get occasional invitations to events, which is nice.

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Everyone better brace themselves with this topic...

The floodgates will open before midnight tonight - guaranteed!

Little fun fact for you though...

I am in 340 row 8 - no PSL - UD 35 yard line TV side of the field - no glare - sun at your back - players pop!

My Giant counterpart with those seats have them listed for $3K each on STR.com.

HIs cost was $1000 per ticket for the PSL.

Mine and the guy before me's PSL cost was 0.00

And I really like the view!

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psl rights to sit in the same seat all of the time and if they make/host playoff games u are certain to have the rights to go -what I HATE about the PSL is having to pay for the pre season games-hope they bring it down to just one game -in a perfect world the jets never had a psl -I was a previous season ticket holder for years and my father for decades-great seats too

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simply put, the PSL is a surcharge on the regular ticket price for the better seats in the stadium.  It affords no benefits whatsoever. In fact this is a 30 year surcharge that you pay up front and locks you into your seat.  It assures the jets that they won't have to resell your seats until such time that your PSL is worthless or you abandon your seats and lose the PSL money you paid to that date.

 

Zero benefits to the PSL owner (I know, I'm one of them) and extra profits and security for the Jets.  

 

Don't let anyone tell you otherwise.  That's the reality of it.  

 

Oh... well you do get occasional invitations to events, which is nice.

home playoff tickets is a benefit

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A true seat 'license' would give people dibs on concerts, soccer, etc.

BTW, the Jets and Giants are double dipping those seats. Those licenses are paid for twice. Think about that for a minute. Nothing 'personal' about taht seat license at all.

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First off, I'm definitely not planing on buying a PSL.  I just am wondering if people who own them (or are knowledgeable about them) have insight on my question.

 

Can someone explain to me what the PSL is for if someone can just buy tix to a game at a regular price without one?  Is the PSL essentially a fee on top of the price of season tickets and it essentially gives you no benefits? I know the sales pitch was "you own the seat" or something like that but that felt counter-intuitive as you don't get any guarantee about being able to purchase a ticket to any non-Jets event (e.g. a concert) held at MetLife.  It wouldn't be possible anyway as Giants fans own the same seats that Jet fans do.

 

Side question - does anyone know their "Giants equivalent' PSL holder for their seats?

 

People overthink the PSL, act as if its something special when its not.  Here we go:

 

In the old days, in Giants Stadium, seating assignments were made based on seniority and there were only 3 prize zones in the place.  The Jets could, at any time, revoke anyone's tickets and reassign them to someone else.  The Jets never did this of course, but they could, there was no security for the season ticket holder.  Even though the seats could have been in grandpa's name since 1968 the Jets could take them away.  Also, it was illegal to sell your season ticket subscription to another fan.  You either bought them every year or they went back to the Jets.  Decades of loyalty and investment in the team could go poof very easily. 

 

Today, in MetLife Stadium, seating assignments are made based on what fans can afford and there are at least 6 different price zones for consumers.  27,000 upper deck seats operate just like the Giants Stadium way-  the honor system.  You keep renewing, the Jets could pull them back if they wanted to.  12,500 seats are Club locations and are very expensive, they're really intended to be an inexpensive alternative to a suite for a corporation but they're misunderstood as a rip-off to the average fan because they have a PSL attached, let's forget those.

 

So....that leaves 43,000 seats which are non-Upper Deck and non-Club.  We call these "PSL" seats and there is much debate over them.  The downside is that you have to sign a 30 year contract with the Jets and pay around $1,000 per seat for the rights to them.  The upside is that they are contractually yours, they can't be repossessed by a new owner, you can't be relocated.  You can sell the seats above face value without repercussions from the Jets.  Some nice stuff there.  And (God willing) if the Jets get hot for a few years and you're in a good location you should make back your PSL outlay if you sell around the half-life of the stadium.

 

But here's the thing that matters most:  If you take the PSL amount, divide it by 30 years, divide it by 10 games, you're looking at as little as $6 a game which is less than the tickets in Giants Stadium inflated year over year since 1983.  My $1,000 PSL is a $13 a game increase, that's less than a beer and a hot dog at a game.  And the Jets haven't increased ticket prices since the PSL's were announced, that's 2008, we're now entering Year 8 of $0 ticket increases.  Had there been no PSL uproar, my $125 seat would easily be $150 by now, no one has felt significant PSL pain except maybe for Club seat buyers who paid crazy money.

 

You have a good alternative that was just coming into its infancy in 2008-  StubHub.  StubHub is everyone's friend.  A PSL holder who can't attend a game can sell them quickly, fairly, and profitably to good Jets fans.  Jets fans who can't do the PSL gig for whatever reason can get great deals on a game-by-game basis. 

 

Sorry for the lengthy post.  In the end, if you can afford $125 per game for the ticket, $30 per game for the parking, $50 per game for the food, and $20 per game for gas/tolls, you can afford $6 for the PSL.  Simple as that.

 

SAR I

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PSLS are simply theft by deception

 

No one has been deceived.  There are 43,000 PSL seats in MetLife Stadium and the average season ticket holder has 3 seats.  The small amount of fans that you are so worried about, those 14,000 actual fans that wrote PSL checks to the Jets knew exactly what they were paying for.  And, by the way, you don't even realize what the value was in the PSL's.  So I'll tell you:

 

We're the people who were cock-blocked out of the really good seats in Giants Stadium for 30 years who finally got our day in court.  My $13 per game vig for the PSL could have been $100 and I'd have still paid it because that $13 was all it took to boot some old fart with a brown bag lunch out of his fantastic Row 1 seats and get them to a real Jets fan, a fan who didn't sell half the games for 2x face value and attend the other games for free each year, a fan who was on the waitlist for 14 years to get dogsh*t seats.

 

PSL's was like Lincoln freeing the slaves for Jets fans on the waitlist or in crap seats.  It's the best thing Woody Johnson ever did.

 

SAR I

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My $1,000 PSL is a $13 a game increase, that's less than a beer and a hot dog at a game.

And therein lies the problem. You're (Jets/Giants) charging fans a license fee AND totally gouging the sh*t out of them on team paraphernalia and concessions on top of that. A hot dog and a beer should be nowhere near $13. That's totally outrageous. And I realize it's not just the Jets or NFL.

I had season tickets in 2012 and while it was fun, I probably wouldn't do it again. And it's even worse now what with 80k people able to see your wife's, GF's, and sister's tampons because 'security!!1!%&$'.

The place isn't that great of a stadium (not awful, but not great). It's cold as sh*t in the winter. Not to mention TV is a million times better than just a few years ago.

A game or 2, even 3 or 4 a year? Yeah, cool. Charging me before I even buy my ticket? Lol, nah. GFY, corporate sports teams.

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And therein lies the problem. You're (Jets/Giants) charging fans a license fee AND totally gouging the sh*t out of them on team paraphernalia and concessions on top of that. A hot dog and a beer should be nowhere near $13. That's totally outrageous. And I realize it's not just the Jets or NFL.

I had season tickets in 2012 and while it was fun, I probably wouldn't do it again. And it's even worse now what with 80k people able to see your wife's, GF's, and sister's tampons because 'security!!1!%&$'.

The place isn't that great of a stadium (not awful, but not great). It's cold as sh*t in the winter. Not to mention TV is a million times better than just a few years ago.

A game or 2, even 3 or 4 a year? Yeah, cool. Charging me before I even buy my ticket? Lol, nah. GFY, corporate sports teams.

 

Decent Jets tickets cost half as much as decent Rangers tickets, and food prices, forget it, Jets are a bargain.

 

1 Jets game is 6% of the entire season and costs $125.  To see 6% of the Yankees season you'd have to attend 10 games at a cost of $1,250.

 

The Jets aren't gouging anyone.  Thing is, attending life sports events is a wealthy man's privilege today, it's not much different than owning a private jet.  No one creates a thread telling a guy who owns a private jet how he's getting ripped off, how its gouging, how its a stupid waste of money-  because everyone knows the jet owner knows this.  Same thing with PSL's.  There are only 14,000 people who own PSL's and write the Jets a check every year, we know what we're getting into, we can afford it, it's not "gouging".  It's leading a privileged life.  A hell of a lot of family fun 8 weekends a year, and all-in its less than you'd spend on one family vacation.

 

You don't have to worry about how we spend our fun money.  $13 a game isn't breaking us.

 

SAR I

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Decent Jets tickets cost half as much as decent Rangers tickets, and food prices, forget it, Jets are a bargain.

1 Jets game is 6% of the entire season and costs $125. To see 6% of the Yankees season you'd have to attend 10 games at a cost of $1,250.

The Jets aren't gouging anyone. Thing is, attending life sports events is a wealthy man's privilege today, it's not much different than owning a private jet. No one creates a thread telling a guy who owns a private jet how he's getting ripped off, how its gouging, how its a stupid waste of money- because everyone knows the jet owner knows this. Same thing with PSL's. There are only 14,000 people who own PSL's and write the Jets a check every year, we know what we're getting into, we can afford it, it's not "gouging". It's leading a privileged life. A hell of a lot of family fun 8 weekends a year, and all-in its less than you'd spend on one family vacation.

You don't have to worry about how we spend our fun money. $13 a game isn't breaking us.

SAR I

You're so off about Rangers tix its not even funny. Maybe later in the year or against a big rival, sure. But you can get a ticket for $50 all year long.

And as far as the rich fan goes, OK cool. I don't begrudge rich people at all. I aspire to be one.

But if you're going to tell me that the intensity is there from the fans the way it was 10-15 years ago then, my friend, you will not be arguing in good faith. Francessa is a huge Giants fan and even he is coming around to finally admitting it.

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You're so off about Rangers tix its not even funny. Maybe later in the year or against a big rival, sure. But you can get a ticket for $50 all year long.

And as far as the rich fab goes, OK cool. I don't begrudge rich people at all. I aspire to be one.

But if you're going to tell me that the intensity is there from the fans the way it was 10-15 years ago then, my friend, you will not be arguing in good faith. Francessa is a huge Giants fan and even he is coming around to finally admitting it.

 

"Intensity" in New York is directly correlated to the product on the field.

 

When the Jets were a prime contender and an elite AFC team entering the 2010 and 2011 seasons, MetLife was a loud as Giants Stadium, Madison Square Garden, or Yankee Stadium on their best days.  Watching Rex Ryan decompose and Geno Smith throw balloons these past few years isn't going to get anyone inspired.  New York is a tough town.  But when the Jets get good again, ah, it'll be heaven. 

 

There's an upside to rich folk being responsible for ticket revenue; we aren't into it for the frat party, not into it for the beer, not into it for the awful Rush music and bad 80s clothes in the parking lot.  We're in it for strong play, winning seasons, and playoff success.  As successful businessmen, we have high standards of excellence.  That puts pressure on an owner to put his efforts into the product on the field, not the peripheral nonsense that used to be important. 

SAR I

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There's an upside to rich folk being responsible for ticket revenue; we aren't into it for the frat party, not into it for the beer, not into it for the awful Rush music and bad 80s clothes in the parking lot.  We're in it for strong play, winning seasons, and playoff success.  As successful businessmen, we have high standards of excellence.  That puts pressure on an owner to put his efforts into the product on the field, not the peripheral nonsense that used to be important.

 

Plus your assistant Virgil can carry the Million Dollar Belt for you on the way up to your seats.

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home playoff tickets is a benefit

 

all season ticket holders get that benefit.  Not just PSL holders.  

 

Besides, we haven't had a home playoff game since well before MetLife.  Season ticket holders always get 1st dibbs on home playoffs. Including the upper deck.

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That's not entirely true.

Under the new PSL property, if a playoff game does take place the actual seat itself is guaranteed that be the same seat that belongs to the ticketholder.

Playoff games in years past was a lottery pool for the actual seat. In better terms, your seat was assigned to any place that was in the stadium other than your own seat.

Finally, what hasn't been discussed in this whole post - what happens to someone with the PSL when they can't make the early payment?

Under the contract, if you miss a yearly payment, you lose the right to purchase tickets. The Jets organization can then remove you from your PSL and can resell it to someone else.

As a former season ticket holder, I remember this and I was quite happy that I was sitting in the upper deck.

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PSL's suck.  There's no way around it.  My family has 6 seats and paid 6 PSLs in the mezz corner.  Sure, the view is nice.  But everyone still gives away their tickets to opposing fans.  So really, we get to pay 4k per PSL to sit amongst opposing fans and have our balls busted many games.  It's really, really delightful.

 

Oh, and another thing, nothing is "contractually yours".  The only thing that's "contractually yours" is the ability to purchase those same seats (for Jet games only) when season ticket payments come due each year, for the life of MetLife Stadium only.

 

PSL's are obnoxious and coercive but I guess I've just accepted them as the way of the world since 2010.  In theory, I would have liked to sit up in the 300's like I did in the old stadium, but have you been up there?  It's like climbing Everest.  (MetLife kinda sucks as a stadium in general, aside from the nice sight lines, but that's a different topic).  So, if you want to have a group of seats together every week in good seats, PSL's are kind of a necessary evil.  Otherwise, I agree with whoever said to roll with the secondary market.

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A couple thoughts...

 

If the Jets get good and go on a couple runs, none of this will matter to me.  Watching exciting football with an amped up crowd in a (still relatively) new stadium with a great view....especially playoff football...would be fookin' awesome.

 

I also bought PSLs.  I went in with my eyes open thinking it was a throw away cost.  At the time I thought if the Jets got hot maybe about 10 years in you might be able to sell your PSLs for a small gain.  But I always assumed it was just a sunk cost I'd never recover.  I've been going for years now and have no intention of stopping.  You can never predict the future so it's hard for me to conceive of a 30 year commitment, but like I said, I also have no intention of stopping.  I guess if you consider we've already paid for 6 seasons, looks like I've spent about $166.67 for each of my 2 PSLs so far.  But as noted above, as the seasons go by, the per game cost continues to go down.  And if you do actually go for 30 years, it becomes negligible.

 

Regarding the point about defaulting on PSLs, I've anecdotally noticed that the Jets haven't been very harsh on folks not able to make payments.  I think at least for now you'd have a pretty big grace period if you had to be late before you lost your seats.

 

Another small point - the Jets have been very good about moving us around to better seats when requested.  I've been trying to get closer to the top of the lower level and closer to the 50.  I'm now at the top of my section just 4 seats from the club section.  Me likey.

 

All in all, yeah the cost sucked but I do think the whole crazy process resulted in me getting almost the exact seats I'd choose if I could pick right now from a completely blank seating chart.  Literally off by 4 seats.  Note I'm excluding Clubs I can't comfortably afford or justify, but those aside, I'm 4 seats off my ideal.  That's pretty f'ing awesome.

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That's not entirely true.

Under the new PSL property, if a playoff game does take place the actual seat itself is guaranteed that be the same seat that belongs to the ticketholder.

Playoff games in years past was a lottery pool for the actual seat. In better terms, your seat was assigned to any place that was in the stadium other than your own seat.

Finally, what hasn't been discussed in this whole post - what happens to someone with the PSL when they can't make the early payment?

Under the contract, if you miss a yearly payment, you lose the right to purchase tickets. The Jets organization can then remove you from your PSL and can resell it to someone else.

As a former season ticket holder, I remember this and I was quite happy that I was sitting in the upper deck.

 

 

I've been a season ticket holder for over 30 years and the above is plain incorrect.  On the rare occasions that the Jets have had home playoff games, season ticket holders always got the same seat they had all season.  I remember watching the Jets play Kansas City, New England, Jacksonville and the Colts all from my end zone section 123 seats that I had for over 20 years.  If and when a team seemed likely or possible for the playoffs, by week 13 or 14 of the season, every season ticket holder was given the option to purchase the same seats for a potential playoff game.  If the season ticket holder declined, then those seats were put up for sale.  The only seats that went into a lottery pool were those that were declined by the season ticket holder.

 

The same will be true in MetLife if and when the Jets get a home playoff game.  it has NOTHING to do with PSLs.  Upper deck non PSL season ticket holders will be offered the same seats for the playoff game just as lower level PSL holders will be.  If either declines to purchase, then those seats will go into a pool of seats for sale.

 

Therefore, access to playoffs is not enhanced by owning a PSL.  Owning a PSL does not confer any such advantage.  

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"Intensity" in New York is directly correlated to the product on the field.

There's an upside to rich folk being responsible for ticket revenue; we aren't into it for the frat party, not into it for the beer, not into it for the awful Rush music and bad 80s clothes in the parking lot.  We're in it for strong play, winning seasons, and playoff success.  As successful businessmen, we have high standards of excellence.  That puts pressure on an owner to put his efforts into the product on the field, not the peripheral nonsense that used to be important. 

SAR I

This is legitimately the funniest thing anyone has ever posted here.

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No one has been deceived.  There are 43,000 PSL seats in MetLife Stadium and the average season ticket holder has 3 seats.  The small amount of fans that you are so worried about, those 14,000 actual fans that wrote PSL checks to the Jets knew exactly what they were paying for.  And, by the way, you don't even realize what the value was in the PSL's.  So I'll tell you:

 

We're the people who were cock-blocked out of the really good seats in Giants Stadium for 30 years who finally got our day in court.  My $13 per game vig for the PSL could have been $100 and I'd have still paid it because that $13 was all it took to boot some old fart with a brown bag lunch out of his fantastic Row 1 seats and get them to a real Jets fan, a fan who didn't sell half the games for 2x face value and attend the other games for free each year, a fan who was on the waitlist for 14 years to get dogsh*t seats.

 

PSL's was like Lincoln freeing the slaves for Jets fans on the waitlist or in crap seats.  It's the best thing Woody Johnson ever did.

 

SAR I

I am a PSL holder.  A season ticket holder.  I was promised access to non-Jets live events.  I was told i "owned" the rights to my seat, though so does the Giants fan who sits in them.  i was told they were an "investment" when in fact they are less than valueless, they are a financial burden.  I was told at the time, that seats were filling quickly and i needed to act to get into a decent seat--there are new faces around me every game and they all bought off stubhub.  Half the stadium is filled with opposing fans regularly.  The non-PSL seats in the new stadium require binoculars.  Three friends of mine dumped there tickets and ate the PSL investment just to be rid of the payments.  They go to as many games as i do, pay near face value and sit where they want.  There is no longer a waitlist.  It went from 12 years when I got on it, to the team struggling to sell seats by the game now.  Which makes the "investment" nothing of the sort.  Nobody is locked out of a game.  Anyone can go and they don't need PSL's. Which means PSL's provide nothing but expense.

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I own two of the best seats in the house now instead of rotting on the wait list and paying the same or more for tickets on the secondary market.

I am thrilled they did it this way. I understand both sides but the only people who really seem to hate psls cannot afford them. Pro teams don't want broke fans filling their seats...

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I own two of the best seats in the house now instead of rotting on the wait list and paying the same or more for tickets on the secondary market.

I am thrilled they did it this way. I understand both sides but the only people who really seem to hate psls cannot afford them. Pro teams don't want broke fans filling their seats...

There is no 'waiting list'.

BTW, that last comment is very dickish.

ETA: Seems to me a lot of pro-PSL people are making sh*t up to justify getting scammed.

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geez... no one was scammed.  Everyone I know who purchased PSLs, including myself knew exactly what they were doing and what they were getting (and not getting).  I must have spoken to the sales reps 50 times and NEVER did one of them claim it was "an investment" that would produce positive returns.  I repeat, the Jets NEVER made any such claim.  Nor did the Jets ever claim that anyone would have have the right of 1st refusal for concerts, papal visits, riots and any other goings on at the stadium.  I'd love to meet the jerk who made that one up.  

 

I was on top of the entire process and listened closely to the marketing pitches.  The only lie (and it was a HUGE lie, at that) were all the warnings that "good seats were almost gone" and you "better hurry and act fast, or you'll be closed out".  The false claim that non-Club PSL seating was sold out, or nearly sold out was a flagrant lie, so shame on them for that dishonesty.  But they did pull the "we are sold out" banner off the website very quickly (within days).  They are still not sold out to this day.  And I'm not talking about Club seats either.  Anyone who wants seats in ANY of the lower sidelines, corners, endzones or Mezz A & B can still purchase those PSLs directly from the Jets.  The top rows in 135 and 142 still have many seats available.  Same is true for 137 and 140.  Plenty in the corners and endzones too.  But I digress...  my point was that no one was scammed.  We were informed exactly what the benefits and risks were.  anyone who assumed that their PSL would retain its face value was just a plain old idiot.  There was nothing out there to indicate that from the Jets.  Perhaps people inferred that from the  idiocy posted on message boards.  

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geez... no one was scammed.  Everyone I know who purchased PSLs, including myself knew exactly what they were doing and what they were getting (and not getting).  I must have spoken to the sales reps 50 times and NEVER did one of them claim it was "an investment" that would produce positive returns.  I repeat, the Jets NEVER made any such claim.  Nor did the Jets ever claim that anyone would have have the right of 1st refusal for concerts, papal visits, riots and any other goings on at the stadium.  I'd love to meet the jerk who made that one up.  

 

I was on top of the entire process and listened closely to the marketing pitches.  The only lie (and it was a HUGE lie, at that) were all the warnings that "good seats were almost gone" and you "better hurry and act fast, or you'll be closed out".  The false claim that non-Club PSL seating was sold out, or nearly sold out was a flagrant lie, so shame on them for that dishonesty.  But they did pull the "we are sold out" banner off the website very quickly (within days).  They are still not sold out to this day.  And I'm not talking about Club seats either.  Anyone who wants seats in ANY of the lower sidelines, corners, endzones or Mezz A & B can still purchase those PSLs directly from the Jets.  The top rows in 135 and 142 still have many seats available.  Same is true for 137 and 140.  Plenty in the corners and endzones too.  But I digress...  my point was that no one was scammed.  We were informed exactly what the benefits and risks were.  anyone who assumed that their PSL would retain its face value was just a plain old idiot.  There was nothing out there to indicate that from the Jets.  Perhaps people inferred that from the  idiocy posted on message boards.  

 

The jerk who made the investment comment was Roger Goodell.

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