Grizzlies fans Receive Option Concerning Season Tickets

While the NBA fickle between the owners and players continues on, the fans are often left hanging.  Grizzlies ‘customer relations is handling this issue.

On Wednesday, October 5, the Grizzlies sent their customers a letter informing them of the current status of the lockout.  They concluded the letter with an option to season-ticket holders:  to keep an account with the franchise and acquire interest, or be refunded money for games missed.

 

Season-ticket holders who choose to keep an account and gain interest will receive 5 percent in interest when games are lost.  Those who choose to receive the full refund will receive their money in the mail with 1 percent interest when games are missed.

If no collective bargaining agreement is met between the owners and players by Monday, October 10, David Stern has stated the first two weeks of the regular season will be cancelled.  The most recent meeting between the owners and players was this past Tuesday.  No agreement was reached, things are still at a stalemate, and no other meetings are scheduled.

Back to Memphis.

On November 15, players are in danger of missing their first paychecks for the season.  According to Ronald Tillery of Commercial Appeal, Hoops LP – the mother company to the Memphis Grizzlies – has reportedly laid off seven of 150 employees in the heat of the lockout.  An additional 13 employees left the company voluntarily. 

In the meantime, the Grizzlies management continues to sell season tickets for the 2011-12 season.  The franchise is projected to have roughly 2,300 more season-ticket holders than last year.

David Stern ended the discussion with the warning of teams pressuring the league for permission to fill arena dates with events that could take place in the empty arena due to missed games.  With the financial danger, the Grizzlies are projected to have trouble beginning to pay the FedExForum’s bond payments to the city.

Lets hope the Grizzlies don’t take too much damage with the inevitable season cancelling.  Sure, each franchise is going to be hurt financially.  The Grizzlies, however, are in danger of losing much more than just money.  The fans that finally gave up part of their heart devoted to University of Memphis basketball to give to Grizzlies basketball may find yet another reason to be anti-NBA and retreat into their comfort zone of NCAA basketball.

We’re waiting patiently for you, fellas.  But just don’t take too long.

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