- Is Andy’s Mojo Back? We Asked Him
- Lance, Please Back Out Of Tour
- Singh Not Wearing Stanford At Tournament
- Companies Behind Murray Have a Lot To Gain
- Hall Of Fame Suit Lists Revealing Numbers
- Sports Poker Event Trying To Buck Recession
- Billy Mays — He Left the World Knowing He Sold It
- NBA Draft: By The Numbers
- Vijay Singh Offers To Pay Stanford's Bail
- Is "The Big Pierogi" Next For Shaq?
RSS FEED
|
CNBC'S MOST SHARED
- A Goldman Trading Scandal?
- 'We're in the Middle of a Crash': Black Swan
- Alaska Governor Sarah Palin Will Resign
- Malaysia PM Speaks to CNBC
- Latvian Banker Taking Souls as Collateral
- The Threat of Ballooning Pensions
- SEC May Reinstate Rules for Short-Selling Stocks
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- Market's Monday Blues
- Charting Gold & Crude Oil
- Busch: Summertime Blues Hits Investors
- Chadwick: Recession and Scandals Pave the Way for Romney 2012
- Art Cashin: The S&P's 'Head and Shoulders' Number
- Michael Jackson: Death And Taxes
- Is Andy’s Mojo Back? We Asked Him
- GM A Step Closer To Exiting Bankruptcy
- Schork Oil Outlook: The Fear Trade
- Market's Monday Blues
- Farrell: Don't Head For The Exits Yet
- US Service Sector Slows Down Contraction In June
- GM A Step Closer To Exiting Bankruptcy
- Ex-Goldman Programmer Must Post $750,000 Bail
- Farrell: Don't Head For The Exits Yet
- Obama's Visit To Russia Yields $1.5 Billion in Deals
- Swings in Price of Oil Hobble Forecasting
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- Ricketts And Tribune Reach Deal to Buy Cubs-Source
- Facebook Director Sees 'Billions' in Revenue in 5 Years

![]() |
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.
Questions? Comments?











