Season ticket priority deadline 2/27 question

[GreekFreak]

Well, I planned not to renew my season tickets but was overruled by my brother at the last minute. We had agreed not to renew, but he changed his mind and told me to go ahead and renew, so I'm in for at least another year. I've had a significant health issue so will be staying in Virginia until it's resolved, but hope that makes it easier for me to get to a game or two. I think I'm done with Colorado for the foreseeable future, but Virginia is a good alternative most of the time. I'll likely be looking for people to use our seats for at least some of the games, so hit me up if you need a couple.

Wishing you the best with your health challenge. God Bless.

 

[Cheriehoop]

Well, I planned not to renew my season tickets but was overruled by my brother at the last minute. We had agreed not to renew, but he changed his mind and told me to go ahead and renew, so I'm in for at least another year. I've had a significant health issue so will be staying in Virginia until it's resolved, but hope that makes it easier for me to get to a game or two. I think I'm done with Colorado for the foreseeable future, but Virginia is a good alternative most of the time. I'll likely be looking for people to use our seats for at least some of the games, so hit me up if you need a couple.

Hope your resolve your health issues and feel better soon.

 

[HRE Otto IV]

It’s not uncommon for teams to set minimums on prices of tickets for resale on Ticketmaster - and it’s highly likely to continue to spread since people dumping tickets at a major loss can screw with their yield management algorithm. Businesses with fixed perishable capacity end up going down this road eventually.

There is absolutely no chance of a successful lawsuit. The argument would be that all they are doing is impacting one platform, you can still sell at whatever you want on StubHub, Vivid, etc. They aren’t going to admit those sites are a bigger hassle to use and that does discourage some sellers (which is really the goal). But those options means a lawsuit is pointless.

I’m mostly just amazed at how good teams are getting at accurately pricing tickets to market demand to maximize revenues. It leaves very little upside (if any) on the resale market.

I think part of the problem is not setting individual face values for games. If all games were close to sell outs, it wouldn't matter. But when the typical game is less than 90% full and the poor games close to 75% full, the pricing becomes a problem.

If the New Hampshire face value for the STH were $20 and SU sold individual games at $25, then the STH can sell it at $18 and all is good. But when SU has all games equal the STH price is $50, the individual game is $55, so the STH selling at $18 is detrimental.

Also SU being able to sell individual seats at a fair price ($25) will bring more people in. But they cannot go below the STH price for fairness.

 

[upperdeck]

It also is the same issue that the STH wants to sell the NH game for more like $5-10 to just get rid of it. And by seasons end the Pitt/BC or whoever game as well.

Its also not the STH fault the value of the ticket dropped below what SU/TM want to sell the rest of the inventory for.

This also makes the assumption that the tickets themselves had a cost, Its not like SU paid $40 for a ticket and then sold it to us for $50. Their inventory is free money.

If they have 10K of tickets that are unsold at $50 and force resell to sell at $50, do they piss off the STH when the resell is at $20? Thats most of us, so do we care? Many of us are the ones who want to sell at $20 anyway.

Doesnt SU make money off the resold tickets too?

They keep raising prices, demand has gone down, and quality has been bad.

 

[Cusefan95]

I think part of the problem is not setting individual face values for games. If all games were close to sell outs, it wouldn't matter. But when the typical game is less than 90% full and the poor games close to 75% full, the pricing becomes a problem.

If the New Hampshire face value for the STH were $20 and SU sold individual games at $25, then the STH can sell it at $18 and all is good. But when SU has all games equal the STH price is $50, the individual game is $55, so the STH selling at $18 is detrimental.

Also SU being able to sell individual seats at a fair price ($25) will bring more people in. But they cannot go below the STH price for fairness.

Linking the resale market price minimums to the dynamic pricing being used to sell tickets directly from the team would be an ideal solution. That would prevent the price minimum for resale from being higher than the price to buy direct. I think as it works now, Syracuse will be selling a ticket to NH at $20 (for example) and the minimum for resale is $25 - it’s pointless to try to sell when you’re being forced to charge more than the team.

I don’t think teams will want to set season ticket prices for individual games and have a locked in resale minimum, since that negatively impacts the efficiency of their dynamic pricing structure. But there’s certainly ways this can be further improved.

 

[JRHEETER]

It also is the same issue that the STH wants to sell the NH game for more like $5-10 to just get rid of it. And by seasons end the Pitt/BC or whoever game as well.

Its also not the STH fault the value of the ticket dropped below what SU/TM want to sell the rest of the inventory for.

This also makes the assumption that the tickets themselves had a cost, Its not like SU paid $40 for a ticket and then sold it to us for $50. Their inventory is free money.

If they have 10K of tickets that are unsold at $50 and force resell to sell at $50, do they piss off the STH when the resell is at $20? Thats most of us, so do we care? Many of us are the ones who want to sell at $20 anyway.

Doesnt SU make money off the resold tickets too?

They keep raising prices, demand has gone down, and quality has been bad.

Again, you can use Stubhub, seatgeek or one of the many other resale places. Its just not as convenient.

 

[HRE Otto IV]

Linking the resale market price minimums to the dynamic pricing being used to sell tickets directly from the team would be an ideal solution. That would prevent the price minimum for resale from being higher than the price to buy direct. I think as it works now, Syracuse will be selling a ticket to NH at $20 (for example) and the minimum for resale is $25 - it’s pointless to try to sell when you’re being forced to charge more than the team.

I don’t think teams will want to set season ticket prices for individual games and have a locked in resale minimum, since that negatively impacts the efficiency of their dynamic pricing structure. But there’s certainly ways this can be further improved.

Again if you set the minimum for the dynamic pricing too high it screws up the entire market. SU was selling seats in my section to the UConn game last year at over $100. They should have been selling those at $75 tops.