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Current DateTime: 09:06:22 06 Jul 2009
LinksList Documentid: 30212900

SPORTS BIZ VIDEO GALLERY

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Current DateTime: 09:06:22 06 Jul 2009
LinksList Documentid: 30231077
    • TV Pitchman Billy Mays Dead at 50  29 Jun 2009

        TV pitchman Billy Mays was found dead in his Florida home on Sunday. CNBC's Darren Rovell has the details.

    • Nike: Not Doing It  25 Jun 2009

        The athletic company faces an uphill battle after its earnings fall 30%, reports CNBC's Darren Rovell.

    • Likely #1 Draft Pick  25 Jun 2009

        Blake Griffin, the likely number one pick in Thursday's NBA draft, talks to CNBC's Darren Rovell.

    • Kyle Busch  24 Jun 2009

        One of the key selling points of a NASCAR sponsorship is driver access. Kyle Busch spent the day at sponsor M&M, getting a tour of the plant and signing autographs for employees, with CNBC's Darren Rovell.

    • Tony Stewart  24 Jun 2009

        Tony Stewart is a winner both on and off the track. The two-time Sprint Cup Champion also runs a dozen other businesses, including racetracks and a public relations firm, with CNBC's Darren Rovell.

    • Brian France  24 Jun 2009

        The France family has run NASCAR since its inception. Brian France is the third generation of the family to oversee the sport, with CNBC's Darren Rovell.

Sports Biz Blog
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Apr.16
3:05 PM ET
Wednesday, 16 Apr 2008
NBA Season Tickets For Just $43? Here's How It Works

Imagine going to NBA games for $1 a game. No way, right? Way. Michael Rand's Randball picked off this great nugget.

Apparently, the Kevin Garnett-less Minnesota Timberwolves are so desperate from their horrific season--in which they drew the second worst attendance in franchise history (14,402 fans per game)--that they are doing a "Pay the Pick" deal.

Here's how it works. You put down a $43 non-refundable deposit. If the Wolves get the first pick in the draft, you're all set. Pay no more. You pay $43 for the entire season.

If the team gets the second pick, you pay $2 per game, third pick ($3), fourth pick ($4) and fifth pick ($5). So essentially, the worst you can do is 43 games for $215. For what it's worth, the lowest ticket package we could find for the Minnesota Lynx was $340.

Here's the best of Rand:

"Now, we’re assuming these seats went largely unoccupied this season and that something is better than nothing (especially when concessions and merchandise are factored in), but it’s just hard to fathom a team selling its product for so little. Seriously, and not to get all Superbad on this thing, but, no offense, this isn’t some [redacted] fly by night league. Sorry for cursing. This is the National Basketball Association. This isn’t home ec."

For those who are interested in how it apparently works, I just went to the Ticketmaster site. If you go to "Pay the Pick," it apparently charges your credit card $215 (as if the Timberwolves got the fifth pick). I assume then it will deduct the amount if they do better than the fifth pick. If people really want to see the Timberwolves up close, the $9,460 seats are still available!

UPDATE: The Timberwolves have confirmed that this promotion is definitely very real and that the promotion is limited to the first 500 to place the $43 deposit. There is a limit of 10 tickets per person.

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