Touted as the first program of its kind, the Detroit Pistons and Flagstar Bank announced Wednesday a ticket promotion that will allow fans to place deposits on 2020-21 season ticket packages and earn 5% annual percentage yield through Dec. 31.
Called the “Pistons IPO: Initial Pistons Offering,” purchasers earn money back through interest paid on a Flagstar Bank certificate of deposit account. Packages may be purchased now through Oct. 31 and include full-season, half-season and 10-game packages.
“We are excited to work with our partners at Flagstar Bank in creating an innovative season ticket promotion that provides a money-making opportunity for Pistons fans purchasing new season tickets while accounting for the fluidity of today’s sports landscape,” Mike Zavodsky, chief business officer of the Detroit Pistons said in a statement Wednesday.