Interest and Refunds for NBA Season Ticket Holders If a Lockout Occurs

Posted: March 28, 2011 in Robert J. Romano

The National Basketball League announced today that all NBA franchise season-ticket holders would receive a full refund on all purchased tickets if any of next season’s games are canceled because of a possible labor dispute.  In addition, according NBA Senior VP/Marketing Communications Mike Bass, the NBA will pay interest on any monies already paid by fans and in the control of the NBA franchises.  Mr. Bass stated, that NBA teams will “pay interest on what could amount to loans to franchises from fans.”  The league office will set the interest rate before any games are potentially canceled.

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