The announcement was made by Jets owner Woody Johnson.
The New Jets Stadium is scheduled to open for the 2010 season.
"We listened to our fans in designing this plan," said Johnson. "That is why we decided to have no PSLs in the entire Upper Bowl - including those on the 50-yard line. And to ensure that our long-standing season ticket holders join us in the new building, they will always be the first in line when seats go on sale."
The Jets have also developed an optional five-year financing plan. After a 20% deposit due upon purchase, PSL owners may pay in installments over five years. Seats in the lower bowl and mezzanine end zones will have PSLs that range from $4,000 to $20,000. With the exception of the Coaches Club, PSLs in the other three club areas will range from $5,000 to $25,000.
Aside from the auction, the sale of seats in the new stadium will use a priority system based first on seniority, according to Jets box office records, and then on seat location. Waitlist members will have the opportunity to purchase seats after season tickets holders. Depending on availability, season ticket holders will be able to upgrade to a Club-Member PSL, a PSL in the lower bowl or mezzanine end zone or purchase a seat that requires no PSL in the best available location.
The Coaches Club PSL auction will be conducted in the Fall of 2008 with the Club Member PSLs to follow during the winter. The remainder of the seats, including the seats with no PSLs, will be available in the Spring of 2009.