By ALAN SNEL
LVSportsBiz.com
Raiders fans in Las Vegas who plunked down $100 for a seat deposit at the palatial stadium that opens in Las Vegas in 2020 got their first look Tuesday at the costs of personal seat licenses that are needed in order to buy their reserved seat tickets.
The Raiders emailed a reserved seat map showing the 100, 200, 300 and 400 levels; a virtual view graphic of the $1.8 billion, 65,000-seat stadium; and a price calculator to figure out how much the personal seat licenses and tickets will cost depending on the stadium level and location of the seat.
Personal seat licenses — commonly known as PSLs — are routinely imposed by NFL teams across the country to generate income by forcing fans to buy PSLs in order to get a chance to buy a ticket from the club.
In the Raiders case, the NFL team needs PSL revenues as a key source of money to help pay its share of the stadium on 62.5 acres on the west side of Interstate 15 bounded by Russell Road and Hacienda and Polaris avenues.
In one example, based on a Raiders email obtained by LVSportsBiz.com, fans in Las Vegas who want two seats in sections in the corners of the 200 level would have to pay either $7,000 or $7,500 for the personal seat license for each seat that can be paid in installments and then another $3,300 for the tickets that are due in 2020 when the stadium opens.
Here’s a PSL cost breakdown. In this case, 20 percent of the $15,000 personal seat license costs needed for two 200 level seats — or $3,000 — is required at signing, not counting the ticket costs of $3,300.
PSL costs for reserved seats are much less than the seat license costs for the stadium club levels, where the PSL costs range from $20,000 to $75,000.
While Southern Nevada is giving $750 million to the Raiders for their stadium, the Raiders plan to use the PSL revenues to help pay for their share. Here’s a stadium cost breakdown on where the money is coming from.
The Raiders will play in Oakland in 2018, but the 2019 location is unknown at this point. The Raiders want to move to Las Vegas in 2020 when the stadium opens in late July 2020.
They have a lease agreement with UNLV for the Rebels’ football team to play there.
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