BaumerJet Posted March 28, 2007 Share Posted March 28, 2007 According to Jay Cross, they are & at a HEAFTY FEE! Jet, Giant fans may pay price By GARY MYERS DAILY NEWS SPORTS WRITER Wednesday, March 28th 2007, 4:00 AM PHOENIX - The digging on the $1.7billion stadium the Giants and Jets are building at the Meadowlands is scheduled to begin in May with a couple of the luxury boxes expected to be priced at an incredible $1 million per year. But the average fan may be asked to dig a lot deeper, too, if one or both of the teams require them to pay personal seat licenses to retain their season tickets. The Giants and Jets easily cleared the final barrier to begin construction with a 31-1 vote when only Bengals owner Mike Brown voted against the waiver yesterday that allows each team to carry $715 million in debt and carry it for 25years. The limit, without a waiver, is $150 million over 15years. Giants co-owners John Mara and Steve Tisch said yesterday no decision has been made whether they will make PSLs part of their pricing plan to help pay off the debt. The Jets will make their own decision, and team president Jay Cross also was noncommittal about premiums that would be charged on top of the cost of tickets. There have been estimates that perhaps half the approximately 82,000 seats could come with a one-time PSL price of $5,000 per seat. A handful of the 150 luxury suites may have an annual price tag of $1 million. The good news is for that price, the suite is good for every event at the new stadium, scheduled to open in 2010. The clubs were already approved for $300 million from the NFL's G-3 stadium financing plan. If either team uses the PSL program, which is common at new stadiums but never used by a New York pro sports team, it certainly would cause controversy and potential fan backlash. "We have to sit down with our bankers and go through our financing plan and see where we stand and ultimately we will make a decision," Mara said. "There is a lot of debt to pay off. There is a variety of different ways to do it: club seats, naming rights, sponsorship opportunities. Nobody who has ever built a stadium has ever had to contend with this amount of debt." So why build the new stadium? It will be a huge moneymaker compared to Giants Stadium. "The PSLs could bring in $200 million per team." Cross said. "PSLs can be treated as an asset by the fans because they can turn around and sell it at a profit if they give up their tickets. " "I think every team would like to avoid it if possible," Cross said. "On the other hand, it has become a pretty standard feature of financing at ever increasingly expensive facilities. New York has now become one of the most expensive construction centers in the world. Ever since 9/11, there has been an incredible ramp-up. I think, on the flip side, the experience with PSLs is not altogether bad. Fans generally have come to appreciate what they are and the value they bring." Tisch said the Giants first want to determine how much money will be coming in from revenue streams such as naming rights and suites before deciding on PSLs. "At that point, if we need to make up any kind of difference, then we will address the PSLs," he said. The naming rights are expected to be worth $20 million-$25 million per year, split by the Giants and Jets. In addition, the teams will sell naming rights to four main entrances to the stadium. So team Woody is all for it, while team Tisch/Mara don't want to scare the Season Ticket holders & have taken the sensitive, we'll charge you in 2008 approach. Look out kids, WE ARE GETTING PSL'S!!! Link to comment Share on other sites More sharing options...
joebabyny Posted March 28, 2007 Share Posted March 28, 2007 According to Jay Cross, they are & at a HEAFTY FEE! So team Woody is all for it, while team Tisch/Mara don't want to scare the Season Ticket holders & have taken the sensitive, we'll charge you in 2008 approach. Look out kids, WE ARE GETTING PSL'S!!! Well, it definitely will hurt to kick up that kind of coin for something we seem to already get, but in actuality none of our season tix are really guarentied year to year. And while we can freely transfer our rights to someone else, and make a few bucks under the table if we want(although i would rather sell one of my kidneys), the giants fans can never transfer their rights. I am sure when they go to psl's, they will take away our right to freely transfer rights without paying for the psl, then it becomes an investment of sorts, an asset. Also, once those psl's are snapped up, you will NEVER see seats come available to the puplic, instead of just forfeiting your season tickets, you will sell the rights off on the open market. Link to comment Share on other sites More sharing options...
BaumerJet Posted March 28, 2007 Author Share Posted March 28, 2007 Well, it definitely will hurt to kick up that kind of coin for something we seem to already get, but in actuality none of our season tix are really guarentied year to year. And while we can freely transfer our rights to someone else, and make a few bucks under the table if we want(although i would rather sell one of my kidneys), the giants fans can never transfer their rights. I am sure when they go to psl's, they will take away our right to freely transfer rights without paying for the psl, then it becomes an investment of sorts, an asset. Also, once those psl's are snapped up, you will NEVER see seats come available to the puplic, instead of just forfeiting your season tickets, you will sell the rights off on the open market. I wrote an article about PSl's a few years back on just this subject. Since they will limit all Season Ticket holders to 4-seats (every other NFL team that has PSL'S has done the same!) there will be tickets available for the bigger money maker - TICKETMASTER... Like I said, it's going to be interesting... Link to comment Share on other sites More sharing options...
madmike1 Posted March 28, 2007 Share Posted March 28, 2007 Man Jay Cross is such a Sh*tbag he's the same ass who said there would be no PSL's a year ago. Link to comment Share on other sites More sharing options...
wildthing2022000 Posted March 28, 2007 Share Posted March 28, 2007 Well just from the article if you're on the upper half then no PSL for you. Link to comment Share on other sites More sharing options...
wildthing2022000 Posted March 28, 2007 Share Posted March 28, 2007 Man Jay Cross is such a Sh*tbag he's the same ass who said there would be no PSL's a year ago. Yea blame him for construction costs going up about 50% since last year, BOOOOO! **** happens over the year, if costs went down over a year there would be no PSLs but that would never happen. Link to comment Share on other sites More sharing options...
SlugORama99 Posted March 28, 2007 Share Posted March 28, 2007 Well just from the article if you're on the upper half then no PSL for you. I noticed that also. But, why only have the PSLs for the lower tier when you know people will buy them for all of the seats? They'd be foolish to only do half of the stadium (lower). I anticipate that all of the seats will have PSLs. Bad news for us season ticket holders. Shoot, I'm having a hard time selling my tickets now. I can't imagine what it will be like in a couple of years. Thank God football is great to watch on t.v.! Link to comment Share on other sites More sharing options...
shawn306 Posted March 28, 2007 Share Posted March 28, 2007 I noticed that also. But, why only have the PSLs for the lower tier when you know people will buy them for all of the seats? They'd be foolish to only do half of the stadium (lower). I anticipate that all of the seats will have PSLs. Bad news for us season ticket holders. Shoot, I'm having a hard time selling my tickets now. I can't imagine what it will be like in a couple of years. Thank God football is great to watch on t.v.! The rest will have PSL's just not as much. Maybe $2,500 ? Who knows. Start saving now folks. Link to comment Share on other sites More sharing options...
harris5214 Posted March 28, 2007 Share Posted March 28, 2007 whats the purpose of a personal seat licesnce? Link to comment Share on other sites More sharing options...
shawn306 Posted March 28, 2007 Share Posted March 28, 2007 whats the purpose of a personal seat licesnce? To screw you. Seriously. What teams like the Panthers, Rams and others do with the new stadium is charge season ticket holders a one time fee for the "right" to buy season tickets. Basically you are paying a fee for licensing the seat. You still have to pay for the tickets every year. Now that PSL could cover other things like concerts or College Football at the stadium in some cases PSL's could run you $10,000 for two seats. Link to comment Share on other sites More sharing options...
SouthernJet Posted March 28, 2007 Share Posted March 28, 2007 so if suites are good for every event, how do they make sure that 1/2 go to jet fans and 1/2 to giants. assuming there is a wait list for suites... (unless all go to corporations,, but a million a year isnt that bad,, many private citizens could afford that) Link to comment Share on other sites More sharing options...
joebabyny Posted March 28, 2007 Share Posted March 28, 2007 so if suites are good for every event, how do they make sure that 1/2 go to jet fans and 1/2 to giants. assuming there is a wait list for suites... (unless all go to corporations,, but a million a year isnt that bad,, many private citizens could afford that) Dude, if i hit it rich in the porn-lottery, i am SOOOO buying one of those! And installing a hottub shaped like NY, screw Jerry Jones! (so please click the pic below and buy a tshirt, and I will hook you up with a seat to a game when i make that million, lol) Link to comment Share on other sites More sharing options...
4HCrew Posted March 28, 2007 Share Posted March 28, 2007 Wait Woody willing to screw the season ticket holders out of more money? you have got to be kidding me!! he would never screw his loyal fan base who accept not going to the Super Bowl! Link to comment Share on other sites More sharing options...
joiseyjet Posted March 28, 2007 Share Posted March 28, 2007 so if suites are good for every event, how do they make sure that 1/2 go to jet fans and 1/2 to giants. assuming there is a wait list for suites... (unless all go to corporations,, but a million a year isnt that bad,, many private citizens could afford that) I`m guessing that if you pay $1,000,000 for a suite it`s good for both the Jet & Giant game unlike the reg. seats which go to JET & GIANT fans Link to comment Share on other sites More sharing options...
SteveO Posted March 29, 2007 Share Posted March 29, 2007 Guys can you clear something up for me. I am working numbers out in my head and they don't seem to be adding up right. If they charge $5,000 for a PSL for 164,000 seats (82K Jets / 82K Giants) that is $820,000,000 right. Which means that after naming rights and suites the stadium would be pretty much paid for right? I think that I'm missing something or looking at something in the wrong way. As of right now the way that I'm looking at it the fans will be paying for the stadium, which is f*cked up. Please some one show me that I'm wrong. Link to comment Share on other sites More sharing options...
shawn306 Posted March 29, 2007 Share Posted March 29, 2007 Guys can you clear something up for me. I am working numbers out in my head and they don't seem to be adding up right. If they charge $5,000 for a PSL for 164,000 seats (82K Jets / 82K Giants) that is $820,000,000 right. Which means that after naming rights and suites the stadium would be pretty much paid for right? I think that I'm missing something or looking at something in the wrong way. As of right now the way that I'm looking at it the fans will be paying for the stadium, which is f*cked up. Please some one show me that I'm wrong. Yup that is about it in a nutshell. We will pay for a billonaire's toy. Although after looking at some other teams. I am now led to believe that some seats won't have PSL's. Those of course will be in the far reaches of the stadium. Either through PSL's or higher ticket costs the fan is going to foot the bill for the stadium like it or not. Link to comment Share on other sites More sharing options...
joiseyjet Posted March 29, 2007 Share Posted March 29, 2007 Guys can you clear something up for me. I am working numbers out in my head and they don't seem to be adding up right. If they charge $5,000 for a PSL for 164,000 seats (82K Jets / 82K Giants) that is $820,000,000 right. Which means that after naming rights and suites the stadium would be pretty much paid for right? I think that I'm missing something or looking at something in the wrong way. As of right now the way that I'm looking at it the fans will be paying for the stadium, which is f*cked up. Please some one show me that I'm wrong. If the JETS& GIANTS charge $25,000,000 a year for stadium naming rights which they should get easy it`s new york & they get double exposer with 2 teams thats $750,000,000 right there over 30 years & naming rights money is supposed to go towards the stadium construction now they are going to have the same 4 entrances I believe & the article says they are going to rent out the naming rights for those lets say they sell those for $3,000,000 per entrance thats an extra 12,000,000 per year x 30 years = another 360,000,000 which puts us at 1.1 billion already now there going to sell those giant score board naming rights lets say those go for $2,000,000 each (remember there also getting 60-100 season tickets as part of this deal thats another 60 million over 30 years ,so were close to 1.2 billion ,now the luxorey seats lets say theres 40 of them (i don`t remember them saying how many there were ), they were saying today they`ll ask for $1,000,000 thats $40,000,000 a year more x 30 years is another $120,000,000,we`re now over 1`.3 billion raised now lets get into club seats $250 apiece lets say there`s 500 of them x 2 JETS & GIANTS thats 1000 x $250 thats $250,000 per game x 8 =$2,000,000 per year x 30 year = $60,000,000 more e`re closing in on 1.4 billion ,so were talking about a difference of $200,000,000to be raised by a PSL & thats split by both teams ,$100,000,000 per team over 30 years which works out to 3.3 millon a year to be raised x 840,000 tickets a $10 PSL should cover it .it shouldn`t be as bad as you guys are letting them think they can charge Link to comment Share on other sites More sharing options...
Cant Hackett Posted March 29, 2007 Share Posted March 29, 2007 I don Link to comment Share on other sites More sharing options...
green_blood Posted March 29, 2007 Share Posted March 29, 2007 oh, the decline of fan involvement in sports. three cheers for people like david hasselhoff taking your seats! Link to comment Share on other sites More sharing options...
joiseyjet Posted March 29, 2007 Share Posted March 29, 2007 I don Link to comment Share on other sites More sharing options...
BaumerJet Posted March 29, 2007 Author Share Posted March 29, 2007 There are presently 2 different PSL types (1) Is called a Permenent Seating License where you paid a 1 time fee for the life of the stadium usually 25-30 years The second is called a Personel Seating License these are renewable usually every 10-15 years & they hit you with that big PSL hit again ,it`s like getting hit 3 x for those 10 year renewables instead of once If the Jets have set in motion a PSL , it will run along the 30-year plan, just like the Raiders have had in place since 1980. Link to comment Share on other sites More sharing options...
pjam76 Posted March 29, 2007 Share Posted March 29, 2007 There will be mostly non-fans at games. Go to certain team games in certain cities now compared to 15 years ago and it's not the same. I'm sure this will eventually be the same think here. And people will be wondering why the fans are so quiet. Gee, it's because a majority of them aren't even football fans. Link to comment Share on other sites More sharing options...
SouthernJet Posted March 29, 2007 Share Posted March 29, 2007 I`m guessing that if you pay $1,000,000 for a suite it`s good for both the Jet & Giant game unlike the reg. seats which go to JET & GIANT fans I know,, I said that,, What I asked is if they have 100 suites and 200 applications, is there a way to see that its 50/50 jet /Giant fans,,I am leary of Gainat management stacking all suites witrh Giant fans Link to comment Share on other sites More sharing options...
BaumerJet Posted March 29, 2007 Author Share Posted March 29, 2007 I know,, I said that,, What I asked is if they have 100 suites and 200 applications, is there a way to see that its 50/50 jet /Giant fans,,I am leary of Gainat management stacking all suites witrh Giant fans No, it will be a 1st come/1st served situation. Especially since the owner of the suite will have use of it for non NFL related events at the stadium for a 365 day ownership... Link to comment Share on other sites More sharing options...
34st GANG Posted March 29, 2007 Share Posted March 29, 2007 They use the PSL concept here in Arizona country clubs. When you buy a membership you have to pay for the right to pay dues and belong. Then if you want to sell them you have to pay a 50% sales fee to the club. So whoever it was that said they would take away your right to freely transfer you PSL was only half correct, you can transfer it but at a price. Get a big screen TV, put on you fuzzy slippers and watch the game on TV. Oh by the way you will be paying for that in the near future as well. Link to comment Share on other sites More sharing options...
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