October 07, 2009
Sports bubble watch: NBA, Yankees cut prices
More signs that the crazy inflation in sports ticket prices has found a ceiling:
- The New York Yankees provided more details on their previously announced ticket price cuts for 2010: They'll lower prices for their most expensive seats, the Legends Suite tickets behind home plate, from $2500 a game to a mere $1500, while some tickets in the $500-$1000 range (the ones that the Yanks had trouble selling this season) also will see price drops.
- NBA commissioner David Stern says he expects NBA revenues to drop in the coming season, and says a large part of the reason is price cuts that teams have instituted to keep fannies in the seats. "I would love to get it closer to 2-1/2 percent, but I don't think we're going to because our teams have cut their ticket prices or frozen them, so as a result, even if we have good attendance, we'll be taking in less revenue at the gate, and that's an important component. And that's OK. We're responding to our fans."
COMMENTS
San Jose appears to be ready to open its arms to an NBA team:
http://www.mercurynews.com/ci_13529916?source=most_viewed&nclick_check=1
Posted by MikeM on October 11, 2009 01:53 AM
POST A COMMENT
