NBA Lockout Refund Policy Directs Teams To Pay Interest To Season Ticket Holders

With Friday's cancellation of 43 preseason games due to the ongoing NBA lockout, season ticket holders are in line for some cash. All 30 NBA teams were affected by the cancellations, and as such, all season ticket holders who pay for preseason games will be due some money back.

According to NBA policy, those fans will get refunds for any games missed due to the lockout plus interest. In an example, season ticket holders for the Sacramento Kings can opt to receive a refund plus 6 percent interest for all games missed once the lockout ends or the season is cancelled, or they can choose a plan that refunds the fan once monthly for any games missed plus 1 percent interest. The first of those refunds would be due in mid-November, according to the Kings' plan. Most season ticket holders have been paying for their tickets since February or March.

Refunds will also be going out to fans in non-NBA cities who have bought tickets for exhibition games off the beaten path. Kansas City's Sprint Center posted a message on its website shortly after Friday's cancellation announcement directing those who had tickets for the scheduled Oct. 15 game between the Miami Heat and Houston Rockets to return tickets for refunds beginning Monday.

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