Bobcats Lower Season Ticket Prices In 2006-07

<i>February 22, 2006</i>
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The members of the Bobcats Sports & Entertainment Ownership Group have announced that the Charlotte Bobcats will lower season ticket prices in many price levels beginning with the 2006-07 season. In addition to the new ticket prices, next season the Bobcats will introduce new Season Ticket Holder amenities that will add further value to Season Ticket Holder packages.

In 2006-07, season ticket prices will drop on average 38 percent in the Upper Level and an average of 14 percent throughout Charlotte Bobcats Arena, from current 2005-06 season ticket prices. 11,581 season tickets have dropped in price, covering 70 percent of the arena bowl. All season ticket prices for the 2006-07 season remain the same or have been lowered. Individual and partial plan ticket pricing will remain unchanged for the 2006-07 season.

“Over the past few months, the Bobcats management team and ownership group have listened to our fans, conducted market research and solicited feedback from the Charlotte community,” said Robert L. Johnson, Bobcats Sports & Entertainment majority owner. “We learned that to broaden our fan base we needed to offer better value in a variety of ways, from lower prices in some cases to additional amenities in others. We heard what our fans were saying.”

The introduction of new season ticket prices coincides with the tipoff of the Bobcats’ season ticket renewal process for the 2006-07 season, which begins today and concludes on March 27. Fans wishing to become new Season Ticket Holders for the 2006-07, can place a deposit and receive complimentary tickets to six games of their choice during the remainder of the 2005-06 season, in the Bobcats new PICK 6 IN ’06 program.

“Bob asked us to help the organization identify how we could better connect with the community on a variety of fronts,” said Nelson Schwab, a Charlottean who is active in a number of civic projects and a member of the Bobcats Sports & Entertainment Ownership Group. “Price and value were issues that we needed to address. We wanted to provide our most loyal fans with the best benefit packages possible while building a winning franchise in Charlotte. That’s why we concentrated so much on giving the best value to Season Ticket Holders.”

In addition to lower Season Ticket prices, the Bobcats are introducing a series of new Season Ticket Holder benefits for the 2006-07 season, including:

  • Ticket Exchange Program will allow Season Ticket Holders to trade unused game tickets for tickets to select future games, including trading in their preseason game tickets for regular season game tickets.
  • Season ticket Payment options have improved, with flexibility for those who need more time to make payments and extra incentives for those who decide to pay in fewer installments.

  • Free Bobcats Seat Licenses will be granted to Season Ticket Holders who have held an account for the team’s first three seasons.

  • All Season Ticket Holders will have the opportunity to play on the Bobcats practice court at the Presbyterian Hospital Training Center.

  • Season Ticket Holders can earn cash rebates and great prizes for referring new season ticket sales through the Bobcats Ambassador Program.

    Club Season Ticket Holders will also receive new benefits, such as:

  • Two complimentary dinners at 333, per season ticket. 333 is the exclusive fine dining restaurant for Club Seat Holders.

  • A $95 Club seat ticket is being introduced.

  • Club 333, where Club level table seats come with complimentary drinks .

    Inner Circle Club Members will receive new benefits, including:

  • Complimentary tickets each year to ten arena events of their choice in the best available seating locations (subject to promoter availability).

  • Exclusive access to Back Court, the locker room-area lounge where fans can check their coats, mingle with players and coaches and enjoy complimentary food and beverages at halftime.

  • Two exclusive interactive team events with Bobcats players and coaches.

    The Bobcats Sports & Entertainment Ownership group includes Majority Owner Robert L. Johnson, Bank of America Corporation, William C. “Skipper" Beck, M.L. Carr, Jorge and Carlos de Cespedes, Cornell “Nelly” Haynes, Jr., Howard Levine, Hugh L. McColl, Jr., the Professional Sports Investment Group (Managing Partners - Rev. Claude Alexander and Spurgeon Webber, III), Felix Sabates, Nelson Schwab, Jeffrey Shames, Wachovia Corporation, Andy Warlick, Bob Washington and Ed Weisiger, Jr.

    Bobcats Sports & Entertainment owns and operates the Charlotte Bobcats of the National Basketball Associations (NBA), the Charlotte Sting of the Women’s National Basketball Association (WNBA), and operates the widely-acclaimed Charlotte Bobcats Arena, which opened in the fall of 2005.