You are right. I am making an assumption it won't be "for life".That remains to be seen. I don’t think there has been any firm declaration on what will happen at the end of the 10 year period.
To me, it seems like the athletic department has 3 options:
1) Allow existing chairback holders to renew for another period on the front end (5 years, 10 years, etc.) at a cost that is probably higher than the initial yearly amount, but lower than going year-by-year. Sell whatever is left on a year-by-year basis with seat license fee dictated each year by the athletic department / BDC.
2) Allow existing chairback holders to only go year by year with renewals, with right of first refusal each year when renewals go forward. Basically same set up as current football / basketball. Sell any remaining in order of BDC rank, then any after that first-come / first serve.
3) Strip all the licenses and reseat the whole stadium by BDC rank. Existing chairback holders get no priority outside of their normal BDC perks (which should still give them a pretty high rank based on their points accumulated through the 10-year commitment). Make any remaining available to non-BDC / general public at same cost on first-come first-serve basis.
I'm willing to bet on that assumption like I did on my tickets that I have now that everyone whines about!