If there's a lot of green rolling around on eBay's
Let's just hope the Jets faithful aren't as disappointed as they were after this past weekend's loss on the field.
Personal seat licenses will be required for the right to purchase season tickets when the Jets move into their new digs in two years. PSLs have become a costly reality for sports fans in recent years, as teams moving into new stadiums typically charge between $1,000 to $10,000 per seat to help offset the gargantuan construction costs.
These licenses are one-time payments that grant the buyer the right to purchase season tickets for the lifetime of the stadium.
The Jets will be the first team to let the open markets decide what these licenses are worth, rather than just slap a price on them. But the team won't be doing this with all of the seats at the new stadium. For now, at least, the auction is just for 2,000 seats in the Coaches Club section.
The auction is a win for eBay, of course. Beyond just the big-ticket purchases themselves, this event will warm fans up to eBay's StubHub site as a trusted source for game-day tickets. If the experiment proves successful, other teams with new stadiums in the work may follow suit, since the deal gives StubHub credibility in the same way that event ticketers such as Ticketmaster
Football is a huge sport, obviously. Fans are willing to go well beyond watching the free games on commercial television. They pay up for DirecTV's
If, in the process, eBay's site becomes seen as more than just a place for distressed fans trying to unload a pair of seats to an upcoming game, who knows what else could happen? In a year or two, maybe teams will begin auctioning off prime season tickets on an annual basis through StubHub. Ticketmaster has teamed up with NFL teams to give existing season-ticket holders a sanctioned resale marketplace, with its Ticket Exchange program. StubHub may be on the way to beat the competition to the punch by opening up the bidding process for choice seats right from the start.
The field is long, and the game is just getting started. Will Brett Favre still be playing come 2010? Jets fans are unlikely to care at this point. They'd just better start counting their pennies, because these license auctions for field seats are likely to reach nosebleed prices.
If "buy it now" doesn't work, how about "read it now" for these recent headlines?
Longtime Fool contributor Rick Munarriz is a satisfied eBay user, with 173 positive feedbacks to show for it. He does not own shares in any of the companies in this story. He is also a member of the Rule Breakers analytical team, seeking out the next great growth stock early in its defiance. The Fool has a disclosure policy.