360° Coverage : Late Playoff Push Raises Price of Knicks Tickets Over Final Week...

1 Updates
Late Playoff Push Raises Price of Knicks Tickets Over Final Week of Regular Season
Photo Credit: Forbes Business

Late Playoff Push Raises Price of Knicks Tickets Over Final Week of Regular Season

Apr 2 2014, 10:29pm CDT | by

At the beginning of March, the New York Knicks seemed like a lost cause. They were 17 games below .500, in the midst of what would be a seven game losing streak and closer to last place in the...

Filed under: news

 
 
 

29 weeks ago

Late Playoff Push Raises Price of Knicks Tickets Over Final Week of Regular Season

Apr 2 2014, 10:29pm CDT | by

At the beginning of March, the New York Knicks seemed like a lost cause. They were 17 games below .500, in the midst of what would be a seven game losing streak and closer to last place in the Eastern Conference than a playoff spot. Starting March 5, the Knicks won eight games in a row with a total record of 11-5 during the month. They currently sit one game behind the Atlanta Hawks for the No. 8 seed in the East for the final playoff spot. Atlanta has gone 6-8 in its games since March 5. As the Knicks started to show some life and the playoffs become a more realistic possibility, the price of Knicks tickets on the secondary market also started to rise.

Knicks tickets at Madison Square Garden have been the most expensive in the NBA all season, but nowhere near the current average for the final four home games. Since March 5 each home game on the secondary market has seen a price increase of at least 45%. The average price for the next four home games at the Garden is $417.94, 77% above the $235.98 full season average. Three of the four remaining home games come against playoff-bound teams in the East.

The first upcoming game will be Wednesday night against the Brooklyn Nets. Knicks vs Nets is the most expensive NBA game of the week and features a $394 average price and $122 get-in price. These teams have split the two games they played earlier in the season and have one game remaining in Brooklyn on April 15. The increased demand for the Knicks has spilled over to Brooklyn and the Barclays Center for Knicks vs Nets tickets, which has seen a 13% increase since the Knicks’ win streak, up to a $322 average price. April 13th’s game against the Chicago Bulls is the most expensive NBA game for the remainder of the regular season. Knicks vs Bulls tickets for the Sunday night game have an average price of $540, 66% above the price of this game on the secondary market a month ago and more than double the $226.26 average price of Chicago’s last visit to the Garden in December.

Unsurprisingly, the Knicks have gone on this run thanks to their second best scoring month of the season. They averaged 101.2 points per game in March behind only the 101.4 points per game scored in January when they went 10-6. January’s success helped swing ticket prices in February up to $330.23 average, though that was aided by an outlier $634 average price for a game against the Miami Heat. The Knicks will have to continue scoring at that high rate in order to make a push for the playoffs over the next seven games. If they can sneak into the final seed in the Eastern Conference, they can cash in on the already high demand for Knicks playoff tickets.

A first round series at Madison Square Garden could have an over $800 average price based on the limited amount of tickets already up on the secondary market. As a comparison the Nets, who have already clinched a playoff spot, have a $280 secondary market average price for first round home games.

Knicks fans could be more excited about a late season playoff push than they were from locking up the No. 2 seed in the conference last season. Between the six home games played in the first two rounds of last year’s playoffs, Knicks tickets had just a $503.76 average price. Prices could double for a first round series with a smaller probability of advancing to second round than in 2013. Madison Square Garden has hosted the most expensive NBA games all season and a Knicks appearance in the playoffs would be no different.

 
Update
1

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a n ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

N-deal possible in a month: Iranian president
Tehran, Oct 28 (IANS) Iranian President Hassan Rouhani has said that a final nuclear deal between Tehran and the six world powers may be possible within a month.
 
 
Sleeping with more women reduces prostate cancer risk: Study
Toronto, Oct 28 (IANS) As compared to men who have had only one partner during their lifetime, having sex with more than 20 women is associated with a 28 percent lower risk of being diagnosed with prostate cancer, research shows.
 
 
Population reduction no answer to environmental problems
Melbourne, Oct 28 (IANS) Policies targetting population reduction will not immediately solve issues of global sustainability simply because the world population is now so huge that there is no quick fix to the "virtually locked-in" population growth, a reserach has said.
 
 
Google offers free access to satellite images
New York, Oct 28 (IANS) Tracking melting glaciers, deforestation or disappearing elephants has been made easier as Google has now allowed access to real time, updated satellite images through its Skybox programme.
 
 
 

Latest from the Network

Pistorius prosecutors to appeal verdict, sentence
Johannesburg, Oct 28 (IANS/EFE) South African prosecutors involved in the Oscar Pistorius case will appeal the verdict and sentence on the double-amputee Olympic athlete's manslaughter conviction, which resulted in a...
Read more on Politics Balla
 
Racers from 24 nations to compete in Mexico's Baja 1000
Mexico City, Oct 28 (IANS) The 2014 Baja 1000 off-road race through Mexico's Baja California Peninsula will feature competitors from 24 countries, organisers said. The competition, now in its 47th edition, will take...
Read more on Sport Balla
 
Pakistanis protest India's 'occupation' in Kashmir
Islamabad, Oct 28 (IANS) Pakistanis across the world held demonstrations to mark the anniversary of what they termed as India's invasion and occupation of Kashmir Oct 27, 1947, media reported Tuesday. The Pakistani...
Read more on Politics Balla
 
New Zealand, US to hold joint military exercise
Wellington, Oct 28 (IANS) New Zealand and the US will conduct a month-long joint military exercise next month to test their deployment agility. The New Zealand Defence Force (NZDF) Tuesday said that its army and air...
Read more on Politics Balla
 
Pakistan prepares to cope with cyclone
Islamabad, Oct 28 (IANS) Pakistan is gearing up to cope with a cyclone headed its way. National Disaster Management Authority (NDMA) has been asked to take necessary measures to meet the challenge posed by cyclone...
Read more on Politics Balla
 
Future-focused women fight climate change better
Washington, Oct 28 (IANS) Future-oriented women are more likely to take concrete steps to reduce global warming, says a study. "They are more politically liberal and liberals are more likely to value the environment...
Read more on Politics Balla
 
Infants know what your eyes tell
New York, Oct 28 (IANS) The ability to respond to eye cues develops during infancy - at seven or so months, finds research. "Our study provides developmental evidence for the notion that humans possess specific brain...
Read more on Business Balla
 
US concerned over Israeli decision on new homes
Washington, Oct 28 (IANS) The US is "deeply concerned" by reports that Israel would build more settler homes in east Jerusalem, the state department has said. "Israel's leaders have said they would support a pathway...
Read more on Politics Balla
 
Malaysian diplomat on sex attack charge granted bail
Wellington, Oct 28 (IANS) A Malaysian diplomat accused of a sex attack on a young woman here in May was granted bail on his second appearance since his extradition in the Wellington District Court Tuesday. Former...
Read more on Politics Balla
 
NASA tool to identify drought-resilient plants
Washington, Oct 28 (IANS) The US space agency is developing a new space-based instrument to study how plants react to heat and water stress and identify drought-resilient plants. The instrument called the ECOsystem...
Read more on Business Balla