Plain English Breakdown
The official source material does not provide specific details on enforcement mechanisms or penalties for non-compliance, leaving this information uncertain.
Law to Protect Seat License Prices
This bill requires contracts between professional sports franchises and long-term personal seat license holders for upgraded seats to include a clause that allows PSL holders to buy an improved or upgraded seat at the same price they paid before.
What This Bill Does
- Requires contracts between professional sports franchises and personal seat license (PSL) holders of at least ten years to include a clause that enables PSL holders to purchase subsequent PSLs with upgraded seating for the same price as their previous PSL.
- Applies this requirement to stadiums with over 65,000 seats in counties where more than 500,000 people live according to recent census data.
Who It Names or Affects
- Professional sports franchises
- Personal seat license holders who have held their licenses for at least ten years
- Stadiums with over 65,000 seats in large counties
Terms To Know
- Personal Seat License (PSL)
- A special ticket that allows a fan to buy the same seat at a sports stadium every year.
- Professional Sports Franchise
- The business that owns and runs a professional sports team, like an NFL or NBA team.
Limits and Unknowns
- Does not specify what happens if the PSL holder does not want to buy the upgraded seat.
- It is unclear how this law will be enforced or what penalties might apply for non-compliance.
- The bill only applies to certain large stadiums and counties.