The Raiders PSL (Personal Seat License) Agreement: What You Need to Know
If you’re a fan of the Las Vegas Raiders, you may have heard about the team’s PSL agreement. But what exactly is a PSL, and how does it work? In this article, we’ll break down everything you need to know about the Raiders PSL agreement.
What is a PSL?
A personal seat license, or PSL, is essentially a license that grants an individual the right to purchase season tickets for a specific seat in a stadium. The license fee is typically a one-time payment, and it gives the holder the right to purchase tickets for that seat for a set number of years. PSLs are often used by sports teams to help finance the construction of new stadiums or fund other capital investments.
How does the Raiders PSL agreement work?
The Raiders PSL agreement allows fans to purchase the right to buy season tickets at Allegiant Stadium, which opened in 2020. The PSL fee ranges from $500 to $75,000, depending on the location of the seat. In addition to the PSL fee, fans are also required to purchase season tickets for each year they hold the license.
PSL holders have the option to sell their license on the secondary market if they no longer want to purchase season tickets. However, the team has the right of first refusal to buy back the license at a price determined by the team. If the team declines to exercise this right, the license holder can then sell the license to a third party.
What are the benefits of a PSL?
The main benefit of a PSL is that it gives fans the right to purchase season tickets for a specific seat in the stadium. This means that they are guaranteed access to that seat for each game of the season, and they don’t have to worry about competing with other fans for tickets. PSL holders also often receive additional perks, such as access to exclusive events and discounts on merchandise.
Are there any drawbacks to a PSL?
The main drawback of a PSL is the upfront cost. While the license fee is a one-time payment, it can be quite expensive, especially for premium seats. In addition, PSLs are not refundable, so if a fan decides they no longer want season tickets, they may not be able to recoup the cost of the license.
Overall, the Raiders PSL agreement is a way for fans to secure their spot in Allegiant Stadium for years to come. While it may be a significant investment, many fans consider it a worthwhile one for the benefits of having guaranteed access to their favorite seat in the stadium.