The Golden State Warriors announced on Tuesday that they would cap season ticket sales at its current franchise record mark of 14,500 and would start a waiting list.

"We looked at the experience of other teams who had the opportunity to sell out their buildings on season tickets alone," said Warriors president and chief operating officer Rick Welts. "And we determined that wasn't a good idea. There are people who want to sample our product who just can't afford season tickets and we don't want to shut them out."

The cutting off of season ticket sales will leave roughly 5,000 seats open per game for the Warriors to sell on a mini-plan or single game basis.

Other NBA teams that have waiting lists include the Chicago Bulls, the Los Angeles Lakers and the New York Knicks.

Welts said another reason why the team decided to cap it at 14,500 is because the Warriors new privately funded arena in San Francisco, which the team hopes will be built by the 2017, is designed for 18,000 seats.

The cheapest season ticket to Warriors games this season costs $14 per game, while the most expensive run $2,700 per seat per game. In order to get to its current number, the team says it sold 3,700 season tickets since April.

Before Tuesday's announcement, the Warriors had started to take names and say they already have more than 200 people signed up to the list. Each will pay a $100 non-refundable fee. There are perks that come with being on the list, Welts said, including getting access to some ticket pre-sale opportunities on partial plans and playoff tickets.