While pricing of the licenses has not been
revealed, ESPN cited a team official as saying that the number
of seats dedicated for season-ticket holders will decrease from
14,500 at Oracle Arena in Oakland to approximately 12,000 at
Chase Center in San Francisco.
The privately financed $1 billion Chase Center is scheduled to
open in 2019.
Half of the tickets will come with a per-seat cost of $15,000 or
less, while the other half will cost more than that, according
to ESPN.
The Warriors, in turn, will return the money paid for the right
to purchase tickets after 30 years, thereby creating a personal
seat license. The "membership" serves as an interest-free,
tax-free loan to the team for three decades.
Fans can transfer or opt out of the license prior to 30 years,
but they will not receive their money back until Year 30.
The Toronto Raptors also offer personal seat licenses, although
those are for their best seats and also include rights for Maple
Leafs tickets as well.
(Editing by Andrew Both)
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