Contracts - As introduced, requires that contracts entered into between a personal seat license (PSL) holder of 10 or more years and a professional sports franchise for the purchase of a subsequent PSL with an upgraded or improved seating classification include a provision that enables the PSL holder to purchase the subsequent PSL for the same price as the previous PSL; applies to all contracts for subsequent PSL purchases entered into for seating at stadiums in certain counties on or after the effective date of the act. - Amends TCA Title 7; Title 9; Title 16; Title 47 and Title 67.

HB 1151 requires professional sports franchises to include a price-matching provision in contracts for upgraded seats when long-term personal seat license (PSL) holders (with 10+ years of ownership) purchase a subsequent PSL in stadiums located in specific large counties (metro areas with >500,000 population). The bill applies only to contracts for seats in stadiums with at least 65,000 capacity, entered into on or after the bill’s effective date. It directly affects PSL holders seeking upgraded seating at major sports venues in those counties, ensuring they pay the same price as their original seat. The law amends Tennessee statutes governing PSL contracts but does not alter existing seat prices or franchise obligations beyond this specific requirement.