Golden State unveils unique seat strat­egy

China Daily (Hong Kong) - - SPORTS -

The Golden State War­riors are bring­ing the per­son­alseat li­cense to the NBA, and the fans in­ter­ested in pur­chas­ing them will be asked for a 30-year com­mit­ment.

While pric­ing of the li­censes has not been re­vealed, ESPN cited a team of­fi­cial as say­ing that the num­ber of seats ded­i­cated for sea­sonticket 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 the fi­nal year.

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.

Mean­while, the Min­nesota Tim­ber­wolves and young star An­drew Wig­gins are clos­ing in on a five-year, $148 mil­lion con­tract ex­ten­sion.

Min­nesota coach Tom Thi­bodeau con­firmed the dis­cus­sions with the Cana­dian dur­ing a news con­fer­ence to in­tro­duce new ac­qui­si­tion Ja­mal Craw­ford.

Wig­gins has one sea­son re­main­ing on his rookie deal. The ex­ten­sion would be­gin in 2018-19 and he would make $25.5 mil­lion that sea­son, ac­cord­ing to pub­lished re­ports.

The base salary would in­crease to $30.6 mil­lion if Wig­gins were to make an Al­lNBA team or be named De­fen­sive Player of the Year in 2017-18.

The 22-year-old Wig­gins av­er­aged a ca­reer-best 23.6 points per game last sea­son.

An­drew Wig­gins

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