I have already paid for my tickets (I have a quarter package of Phoenix Suns tickets - 11 games, all on Fridays, Saturdays, and Sundays). This is my third year as a season ticket holder.
This was what I was told regarding my tickets:
In the event that the 2011-12 Season is cancelled your 11 Game Plan will be rolled into the 2012-13 Season, plus you will receive three (3) bonus games of your choice (excludes top tier).
Top tier games are the Heat, Celtics, and Lakers, but I can still get the Mavericks, Thunder, Bulls, etc.