49ers Promise Refunds, Interest for Cancelled Games

The Golden State Warriors may have started a trend around the Bay Area.

While the local basketball team is promising to reward fans if the team stinks again next year, the San Francisco 49ers are promising to pay season ticket holders cash plus interest if any NFL games are canceled next season because of the current lockout.

Just how serious is the current league's labor strive, where players and and owners have failed to agree on a new collective bargaining agreement?

Serious enough that teams are sending out press releases explaining what will happen in case the labor fight goes into the season.

The 49ers official policy is as follows, according to CSN Bay Area:

A full refund will be issued for any canceled preseason or regular-season home games. Refunds may be received in either the original form of payment or as a credit towards future games.

For those choosing a direct refund of their payment, interest will accrue at an annual rate of 1 percent from the date of the first announcement of canceled games through the date that a refund is processed, which will be no later than 30 days after the final determination of how many home games will be played during the 2011 NFL season.

For those choosing to apply their refund and interest towards future tickets, interest will accrue at an annual rate of 3 percent from the date of the first announcement of canceled games through the end of the calendar year (December 31, 2011).

Hopefully it doesn't get to that.
 

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