Simple fix: Sell basic general admission tickets like we already do...what are they, 10$? Then for SEC games sell a 'VIP' general admission ticket for $12 or so that gets you admission into the grandstand and you can sit wherever...but....you're still taking a chance. If it's full, well you go out with the rest of the commoners. If the owner of the seat comes, tough ****, you're out with the other commoners. Basically raise some extra money and fill the grandstand that way.
And so what if season ticket holders from Columbus complain? Regular GA tickets can come in the grandstand after the 5th inning anyway, and anytime during non-SEC games.
I just think we are making a much bigger deal out of this than we should. The problem is people actually showing up, not the lifetime contracts. The bigger issue is making an area for students to come that want to do the LFL thing, but don't have an actual LFL to go to. Just swallow your pride, admit Ole Miss did this right, and let's imitate it somehow.