After putting their fans through a horrific 3-9 season last year, the powers at be at the University of Michigan have decided to lower the prices for season ticket holders in 2009. After paying an average of $53.57 per ticket last year, the university has lowered the average to $50.

Michigan StadiumAthletic director Bill Martin told The Associated Press on Thursday a season-ticket holder will pay $50 on average for a ticket after paying $53.57 last year.

“In this challenging time economically, this is our way of thanking our fans who have supported us for decades,” Martin said. “Unlike most schools, we had an opportunity to lower prices for football tickets.”

So instead of seeing UM get beat by Toledo for $160.71 like last year, season ticket holders can see their beloved Wolverines lose to Toledo for only $150 this year. Wow, thanks.

It’s a nice gesture and something the university didn’t have to do, but when one slice of that cardboard-tasting Dominos pizza costs $37.50 at Michigan Stadium, the savings just don’t amount to much.