December 04, 2002
Texas Rangers trim ticket prices
It's not the bubble bursting yet, but the Texas Rangers have followed in the footsteps of the Detroit Tigers in slashing ticket prices on some seats in hopes of boosting attendance. Both ballclubs play in new, high-priced stadiums, and both were coming off last-place seasons that had seen attendance dips when they made their moves. Meanwhile, several other baseball teams have raised ticket prices this offseason, indicating that despite the sinking economy, the subsidy-inflated sports ticket market (and subsidy-inflated athlete salary structure) is still in full effect. (It's also further proof that high payrolls don't cause high ticket prices, though the reverse is true.)
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