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Tag:finances
Posted on: March 11, 2011 1:03 pm
Edited on: March 11, 2011 2:37 pm
 

Knicks season tickets to skyrocket


Posted by Matt Moore

The New York Knicks have gone up in the NBA world over the past year, and now they're going to be asking for their fans to chip in accordingly. After nearly a decade of struggle and strife, the New York Post reports that the Knicks are set to increase season ticket prices, and not by a little: 
After restraining themselves the past six seasons, Madison Square Garden management will announce today a substantial rise in Knicks season-ticket prices for next season, according to a person familiar with the situation.

The combination of the Knicks being on the verge of qualifying for the NBA playoffs for the first time since 2003-04, the ongoing $700 million to $1 billion transformation of the Garden, and the latest blockbuster addition of superstar Carmelo Anthony to play alongside Amar'e Stoudemire has prompted owner James Dolan to raise the roof on ticket prices.

MSG sports president Scott O'Neil is scheduled to meet with a raft of season-ticket holders today for a presentation on the new benefits that come with the significantly higher new prices.
via Knicks will raise season ticket prices - NYPOST.com .

Darren Rovell of CNBC reports that the increase is expected to indeed be substantial: an average of 49 percent. Rovell also reports that the $977 million renovation of Madison Square Garden has more to do with the increase than the addition of stars Carmelo Anthony and Amar'e Stoudemire. That makes sense, considering salaries for the Knicks were always high, and even with the two stars, the Knicks are a ways from title contention. Still, it's a staggering move for a likely second-round-exit squad even as star-packed as it is. 

You'd think after subjecting fans to the Isiah Thomas era, there'd be more good will. Then again, the Thomas era never really ended, did it?
 
 
 
 
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