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

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17 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.

 
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7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken ...
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Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat toda ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hisham ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the so ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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4

8 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year inv ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramada ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billi ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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