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re: 2013-2014 Ticket Prices Going Down

Posted on 2/13/13 at 11:55 pm to
Posted by Weebie
NOLA
Member since Dec 2012
3717 posts
Posted on 2/13/13 at 11:55 pm to
you have your opinions. I have my facts. we can agree to disagree and hope for the best for this team.
Posted by 42
Member since Apr 2012
3703 posts
Posted on 2/13/13 at 11:58 pm to
Have fun.
Posted by 504hornets
Member since Dec 2011
762 posts
Posted on 2/14/13 at 1:10 am to
quote:

Weebie


You sound like one of those guys that lives in Nola that hates the hornets.
Posted by GOP_Tiger
Baton Rouge
Member since Jan 2005
17744 posts
Posted on 2/14/13 at 6:45 am to
quote:

even when the Hornets had playoff contending teams the attendance and fan base was still weak


That's part of why we aren't going to be the hornets anymore. We're starting over building a franchise. And when you start building a franchise, you start with low prices to build a fan base.
Posted by VOR
Member since Apr 2009
63339 posts
Posted on 2/14/13 at 7:04 am to
quote:

Weebie


You seem to be one of those guys who look at barebones "facts" as you call them and are unable to put them in context or link them to other facts.

Yes, this is a tough NBA market. Always has been (there were even some issues with the Jazz). But it has been demonstrated that a successful, competitive team will put sufficient numbers of fans in the seats. I would suggest you do a more thorough analysis of attendance around the league and focus on particular markets and venues. Simply "ranking" in raw numbers doesn't really tell you the whole story.

And for the first time in franchise history, it has an owner with solid financials that knows this market. This isn't just a one or two year process. It's going to take time. That's not making excuses or avoiding the issue. It's grown up reality.
Posted by touchdownjeebus
Member since Sep 2010
24830 posts
Posted on 2/14/13 at 10:42 am to
Screw you and your common sense!

They are doing the exact same thing they did with the saints. Why us that hard to understand?

As the team becomes competitive, ticket requests will increase. The saints have a waiting list. Not saying that is going to happen, but if the Pels become a perriniel contender, it's not out of the realm of possibilities.
Posted by 42
Member since Apr 2012
3703 posts
Posted on 2/23/13 at 11:30 pm to
Article confirming this.

I wonder what's happening with the other under 20% . . .

LINK
Posted by BehindtheWoodshed
Louisiana
Member since Sep 2007
2333 posts
Posted on 2/24/13 at 12:03 am to
Hope they slash prices in the club c level!
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 2/24/13 at 12:15 am to
I know for a fact those ticket guys lurk this site.

IF you are lurking let me know a price and we can talk
Posted by VOR
Member since Apr 2009
63339 posts
Posted on 2/24/13 at 12:23 am to
If you're in the lower bowl in a section next to the club seats, I'm told your price will go down or you can move to the club for the same price you paid this year. Something like that.

I'm sure weebie will consider to be the unkindest cut of all and the worst possible insult to all concerned.
Posted by 42
Member since Apr 2012
3703 posts
Posted on 2/24/13 at 12:26 am to
Say it ain't so!

Plebes must know their place!
Posted by GrandeBeli
Bucktown
Member since Jul 2012
820 posts
Posted on 2/24/13 at 5:59 am to
Still will take corporate sponsors buying out and giving away tickets to get butts in the seats(unless the Lakers or Heat in town).
This post was edited on 2/24/13 at 6:00 am
Posted by touchdownjeebus
Member since Sep 2010
24830 posts
Posted on 2/24/13 at 6:57 am to
An exciting and winning team cures all.
Posted by TigerinATL
Member since Feb 2005
61410 posts
Posted on 2/24/13 at 7:50 am to
If you're saying the market will only support a winner long term, duh. That's normal. What's abnormal us a team like the Clippers, Knicks and Warriors. Large markets are more supportive than small markets, but unless you plan on packing 3 teams in the biggest cities you're kind of out of large market options.
Posted by VOR
Member since Apr 2009
63339 posts
Posted on 2/24/13 at 9:04 am to
quote:

Still will take corporate sponsors buying out and giving away tickets to get butts in the seats(unless the Lakers or Heat in town).



sigh.



As pointed out more than once a competitive team will put buts in the seats, and lower ticket prices will help.

Ironically, perhaps, lower ticket prices actually have the potential to increase team revenues.


Why would the owners
of professional sports teams sell tickets at a price less than what they could receive to
maximize profits [according to theory]?

In a study carried out by Krautmann and Berri (2007), they attempted
to discover why owners were pricing tickets in the inelastic range of demand. They found
that franchise owners were using lower ticket prices to enlarge their non-ticket revenues.
So, in effect, they are using efficient ticket prices to attract more fans to games in order to
maximize their concession revenues inside the arena. In today's day and age fans may
pay as much as $5 for a hot dog and $8 tor a beer. If 10,000 fans purchase 1 beer and 1
hot dog a piece, that generates $130,000 per game in revenue for the club. Thus far in the
2008-2009 NBA basketball season the lowest average home attendance for any team was
12,025, accomplished by the Memphis Grizzlies. The highest average attendance of any
team was the Detroit Pistons who, on average, attract 22,076 people to every home game.
Based on these numbers, concession revenues could be much higher than the $130,000
mentioned before. These complimentary concession revenues may make up or exceed the
lost gate revenues caused by inelastic ticket pricing.


In other words, owners can make more money with lower ticket prices that put more people in the seats per game, thereby significantly increasing gameday revenue.
Posted by 42
Member since Apr 2012
3703 posts
Posted on 2/24/13 at 10:15 am to
As was discussed above with the one who thought cheaper tickets is a sign of end times. Good find, VOR. Maybe someone will listen if someone else says it.

Also, about sponsors and promotions to move tickets: that is what most teams do when they are not winning. The Hornets have inordinately low tickets purchased by businesses...so fan support is actually a tick higher than otherwise expected, at least by those who pay attention to all the facts.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 2/24/13 at 5:10 pm to
quote:

Winning is what sells unless you have a star or a legacy.


This

Especially in Louisiana. It's been proven unless we have a superstar or a winning team no one outside of us really gives a shite.
Posted by 42
Member since Apr 2012
3703 posts
Posted on 2/24/13 at 7:59 pm to
The pricing:

LINK
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