Some of you are Missing the Point - You cannot Turn them Back to the Team for your Money Back - This is not a Loan to the Team - it is a Purchase - You own the License , if you do not want it you need sell it privately. This could be for a profit or could be a loss. Also if you fail to buy the Season Tickets than you forfeit your PSL.
I'm also wondering if there isn't perhaps some legal basis for requiring the Jets to pay a return on that kind of money. If there isn't, perhaps some lawyers or other groups ought to lobby for legislation to require same. If the Jets want to use my money, why should they be exempt from having to escrow the money and at least pay a reasonable, current-market interest rate on it? If usury laws prohibit the charging of excessive interest, why should it not work the other way? Also, it can be argued that a very long-standing season ticketholder "invested" a lot of his time, energy and money in season tickets, waiting for a championship that so far has not arrived. To now require that same schmuck to fork over an interest-free loan after loyally supporting the team (and it's bottom line) seems unconscionable. The Jets benefitted from my annual infusion of over $4,000 and were able to continue financial operations all those years because of it. It's therefore reasonable for the average ticketholder to at least assume better treatment than to be screwed in this way, with no interest to boot. I'll give the Jets my $20,000 if they'll pay me 6% interest. That's only fair. I know this is a pipe dream and there probably exists no legal basis whatsoever for ticketholders to demand this in this situation, but one needs only to look at most other financial arrangements (real estate deposit escrow accounts, for example) in which interest is paid. I know damned well it'll probably be fruitless to scream if they ever do levy the PSLs, but that still won't stop people from raising hell over it.
You know, I'd forgotten that.... sorry. I guess that makes my above post moot. You're right, it's not a loan.
To answer the original question posted, the main reason we need a new stadium is that the Jets don't own the current one and it's going to be knocked down, whether they wanted it to or not.
From a legal perspective, "waiting for a championship" doesn't really enter into it. You pay the Jets for a product, that product being 600 minutes of NFL football plus overtime if necessary.
Champ, I'd be very interested in reading what other teams' ticketholders have had to say about their PSL experiences. If you can find any links from other boards or chat rooms, it might be an interesting read, just to see what the "norm" is out there for what's going on with the PSLs.
I know the Pack fans paid PSLs when they revamped the frozen tundra stadium & lots of them had to give up there tixs cause they could not afford the PSLs which produced the hew & cry you are aiming but alas changed nothing. I believe there PSL was $3,750.00 per seat just for a update. That Panther fan said he had lost money on his sale of the seats when they went into the crapper. I think since then they have rebounded though. Kraft decided no PSLs but get the money via raising the price of the tix to the highest in the NFL like $125.00 or more per seat per game. So once he gets back to even I am sure he will not reduce the price & then he is cashing in game after game year after year on the high prices he charges. Maybe if we had a team like the Pats we would not complain about this arrangement also. I think out there is the NYJ nation there are many, many disgusted fans who really do not care what Woody does as they are resigned to give up there tix & move on to other things. Also the advent of the DTV Sunday Tix is beginning to effect fans thinking cause they now can tune into any game they want which I think is also having a affect on the fans attitudes towards non winning teams. Why watch a loser when you can watch a winner syndrone. I was talking to my son yesterday & asked him why year after year we cannot build a NE type team. His reply was you know dad since you have DTV you can root for any team you want so instead of carping just change. So I asked him who would be your team of choice & he said Pitt because he is impressed with there D & this had made me think that he may be on to something & how many former NYJ fans out there have already made the switch or just took up another hobby that gives them more pleasure then green/white
Wow...I think my brain is on champ69 overload because my eyes went all blurry. Too many abbreviations and not enough paragraphs. Phew...
Let's discuss your statement. When the Gillette Stadium was built I was not asked to pay a PSL (let's use $3000 per seat for this discussion). I paid $1100 for my 2 seats. My seat cost is now $1500 for 2 seats. Over a 5 year period that's only a $400 increase. If I had to pay a $6,000 PSL for my 2 seats, I would not be a STH today. If Mr Kraft decides to increase my tickets $400 every 5 years that's OK with me. $6,000 PSL vs $400 ticket increase every 5 years is a no brainer. BTW, Mr Kraft did it that way (no PSLs) because he is an owner who was once a fan who bought tickets and attended games for many years. He did it right. Let the corporate types pay for their Corporate Boxes and Club Seats. I don't consider Mr Kraft a greedy owner, just someone who knows how to run a successful franchise. Let him make his money through incremental ticket increases and parking fees. I can live with that.
I struggled with it also but get the gist of the post. I'm not in agreement. I don't see Jets fans... I'm talking real Jets fans who were hot enough for the team to have been buying season tickets year after year and investing that kind of time and energy into those 8 Sundays per year defecting to another team (and particularly another hobby ... What? Soccer? Hockey?) because they have a "Why watch a loser when you can watch a winner syndrome." In fact, I don't see many normal people doing that with any conviction or sense of conscience. That would seem to me to be the epitome of a "fair weather fan." What? Because I get DTV, I should now start rooting for Pittsburgh? What if they don't make it to the playoffs this year? Oh well... now I'll root for Indy. No, no.... this doesn't compute in my mind at all. I just don't see that as beinga reason for Jets fans to jump ship. I think ticketholders will give up their season tix for financial reasons, not because we haven't won a championship in 37 years, 8 months, 22 days or whatever the hell the running total is that you somehow take glee in reporting.
So I see your son got his smarts from his mother. He's certainly lucky in that regard. We couldn't get lucky enough for you to switch teams. It would be nice though.
I am sure they have already estimated the turnover vs PSL price (the Linc only cost appx 1/2 as much so whatever that means for shared costs between two teams) besides don't you know they do not want tailgating? The pressure is either on or off to have a great team in 2009 or whenever they want to spring the new layout and prices, if the economy is bad, they might back off a bit, but then again they have all of the people who shelled out on the waitlist who will lose their "investment" for season tickets. Maybe they want a new generation, a Jets Generation, since most older fans lack the will to cheer at all times or maybe they wore us out? It will be interesting to see how this all plays out, make the ticket holders pay the PSL's then lower the seat prices? Doubtful. Krafts' team cheated and lied, to pay for the stadium, then NFL hired shredders to get rid of the evidence, promptly..the NFL probably leaked the video of the "taping" incident to justify the process, no need for bringing up the past, let sleeping dawgs lie... Some of the Pats "fans" who post here are just NFL bots who try to diffuse the incident, since it really would destroy the integrity of the "game" or is it just the money? Fans in Pittsburg want to know, and they have all the ketchup... Or maybe we really don't want to know the truth? I wish NightOwlTom was here... Peace.
If the Jets price me out with a PSL, after 25 years, no biggie! I will watch on TV in HD and Tailgate in my back yard. Hopefully the Jets win the Super Bowl in 2008 and in 09 or whatever year the new stadium opens some other person can take my seats.
If it's so intolerable (which it's not), then I think you should fork over $20,000 for PSLs to help pay for the new stadium. All of a sudden the old stadium looks a little better to you, right?
Dude, as I mentioned before, Giants Stadium is being knocked down. That wasn't the Jets' call, they have no ownership or say over it, but they play there so they had to do something. What are they supposed to do? The city fucked them, the Giants were building 5 miles away where we've already been playing for about 25 years, I don't see what else they were supposed to do. I don't see the sense in two state-of-the-art football stadiums going up at the same time within a few miles of each other. I love football as much as anyone but I don't see how that is necessary.
