Today the Orlando Magic took another step in trying to erase any memory that Billy Donovan was their coach for just a few hours. The Magic offered refunds to any individuals that purchased season tickets within 48 hours of the announcement that Donovan was the new head coach. Team officials stated that more than 200 ticket packages had been bought within that timeframe, though they didn't disclose how many people had asked for a refund.
Looking at the Magic's ticket site the cheapest package available is $450 for the entire season. So, the cheapest package with a minimum of 200 packages being bought would equal $90,000 in refunds. Obviously, not every buyer is going to ask for a refund, but every package purchased probably wasn't the cheapest either. It's probably safe to assume that Orlando is looking at at least $90k in lost revenue.
It would be interesting to find out exactly how many refunds are granted because of Donovan deciding to go back Florida. That would be a decent barometer of how much faith the fans have in new head coach(at least this week) Stan Van Jeremy(pornstache yeah!).