The Snapshot wrote:It is perfectly understandable that many Waitlist folks would say no years later when they get a chance. I don't think the prices have as much to do with that as the fact that it was a relatively cheap bet to place when the team was very hot. Those at the top of the list only put down a few hundred dollars years ago. Situations change, kids, jobs, etc.
So is it that surprising that they would not accept when their number was called?
I will say though that the secondary market has dropped off notably in the last few seasons. When I come in for games, I am somewhat surprised as well by how many of the seats around me that I know are owned locally are occupied by secondary buyers. I guess there are changes in circumstances for these folks as well, but they used to be at every game and I was the one that was the oddball by only making the weekend games.
I would guess that their love of the Pens hasn't changed, but their finances around thier decision to attend or not has to at least be influenced by paying for the tix. The 40% increase though should by logic only mean they resell about 25% of the games with markup factored in to stay even - but I am telling you that they are NOT there more than they are there in attendance during those 15 or so games I made this year.
Could be that they sell the weekend games due to demand and markup, but I would also assume that they would be easier and more desireable games to hold on to as well.
I guess my point is, I don't have a clue why but I can see the signs that something is impacting both secondary demand and the dedication of previously committed season ticket holders. At least in my section, nobody I know is going to all of the games themselves.
It has been pointed out in the past that the ideal price would be the one that still has all seats sold with zero secondary market. That puts all of the revenue into the Pens coffers. The fact that people need to re-sell their tickets is offset by the fact that someone is willing to pay a premium to get the tix on a game basis - and this indicates that the prices are still lower than the mythical ideal figure. It is a dangerous game to play, but I understand why the team does it.
When the new arena opened, I said then that there would be season over season increases to regulate them with others around the league in new arenas. I do think 40-50% is the saturation point and I am just glad that the team has done it in steps instead of two big 25% increases in the first two seasons.
I do disagree that the secondary market has much to do with actual pricing. It's too small of a sample is only based off of demand that there are no tickets or they can get specific seats. By that I mean if the pens tried to charge what the secondary market shows they wouldn't sellout. In the end I think the pens miss out on some money from 500 tickets or so, not 18000, but that goes away,especially this year if there are tickets available on ticketmaster which there have been this year.
The pens are 3rd in the American teams in the NHL in pricing, ahead of Boston and Chicago so it's not all that in line with pricing of new buildings, market and/or team performance. I believe they might have been 1 in American teams in playoff pricing too ahead of even the rangers.