May 13 2014, 4:40pm CDT | by Forbes
When it comes to the NBA playoffs, the Indiana Pacers have certainly kept fans on their toes this postseason. After struggling to put away the eighth-seeded Atlanta Hawks in the first round and dropping game 1 of their second-round matchup against the surprising Washington Wizards, the Pacers have found their groove by winning three straight against the Wizards.
While a road to the NBA finals will likely have to go through the defending champion Miami Heat, a punched ticket to the Eastern Conference Finals is just one game away. The Pacers can clinch the series against the Wizards in game 5 on home court at Bankers Life Fieldhouse in Indianapolis, where ticket prices on the secondary market are finally starting to reflect that reality.
According to TiqIQ, game 5 on Tuesday night is the first of the series in which Indiana will have a get-in price on the secondary market above the lowest listed face value ticket. The cheapest ticket on the primary market for game 5 is $24.95, with the lowest price on the secondary market 4.21% higher at $26. The cheapest tickets on the secondary market in Indiana had been below the lowest listed face price from the start of the series until after a win in game 4.
In fact, the secondary market average is up 6.63% since the Pacers’ three-point game 4 win Sunday night in Washington to take a 3-1 series lead. As fans can’t help but start thinking of a rematch against Miami in the Eastern Conference Finals, something that seemed destined to happen months ago, the average ticket price on the secondary market in round 2 has increased to $163.09 in Indiana.
Surprisingly, this is also the first time in the series that the secondary market average is above the average from the first round against Atlanta, with game 5 tickets against Washington 3.61% above the $157.61 round 1 average. Ticket prices for the Washington series had been below average up to this point, which can be partly attributed to panic or fatigue among some fans after the Pacers fell behind in their round one series against Atlanta 3-2.
But the Eastern Conference’s number one seed has rallied, winning five of its last six games and starting to play with the consistency that many had expected from a team with the conference’s best record at 56-26 and one of the league’s top-ranked defenses.
However, it would be foolish to count the Wizards out. Finishing the year just a few games above .500 at 44-38, the Wizards earned a five seed in the playoffs although few had expected them to make it this far into the playoffs, let alone to defeat the Chicago Bulls in such a dominant fashion by winning their first round series against the Bulls in just five games.
Washington’s success against Chicago and game 1 were so surprising, a Lady Gaga concert scheduled for Thursday night in Washington DC had to be rescheduled in case the Wizards win tonight to force a game 6 back in DC, something no one expected would be needed. Lady Gaga had to move her Philadelphia and DC concert dates in order to accommodate a potential game 6, resulting in a drop in ticket prices for both concerts.
Should Indiana win Game 5, there would be technically be no need for the rescheduled concerts dates. Also should Indiana win Game 5, the price of Pacers tickets for the Conference Finals should continue to increase well above what they’ve been for this series.
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