—Warriors Become 1st NBA Team To Demand Sale of PSLs to Purchase Season Tickets

The Golden State Warriors are bringing the personal seat license to the NBA.

Officials with the defending NBA champions acknowledged Wednesday that to get season tickets at the team’s new privately financed $1 billion Chase Center, which is slated to open in 2019, fans will have to pay a fee for the right to buy those tickets.

While pricing of the licenses has not been revealed, a team official confirmed to ESPN that the number of seats dedicated for season-ticket holders will decrease from the 14,500 currently at Oracle Arena in Oakland to roughly 12,000 at Chase Center in San Francisco. Half of the tickets will come with a per-seat cost of $15,000 or less. The other half would cost more than that.

Fans can transfer or give back the license before the 30 years are up, so they aren’t required to commit to the full term, but they won’t get their money back until Year 30.

The Toronto Raptors are the only other NBA team with personal seat licenses, which are offered only for their best seats and also include rights for Toronto Maple Leafs tickets. A majority of NFL teams use licenses, however.

The membership will be transferable, but unlike in the NFL, the licenses will not be allowed to be resold for a value above the original price paid minus the years used.

If a fan sells the membership, the team is made aware of the price. If the price falls short of the full price paid less the payments already made, the Warriors will make up the difference at the end of the 30-year period to the original owner

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