TheGhostofGoulet wrote: moondart wrote:
newarenanow wrote:I don't think a 5% increase is that bad. Costs go up as well each and every year.
Mine went up nearly 9%. Its pretty ballsy too considering the shortened season. Isn't the cap going down too? Has the cap gone up 60% over the last 5 yrs?
Their costs must be out of control at 60% over 5 years.
60% increase in last 5 yrs....very ballsy indeed.
Ghost of Goulet here to bring some sense and logic to the masses. GOULET. Pens ticket prices may have increased by 60% over 5 seasons and you may consider that outrageous, but you need to lend some perspective to the situation instead of blindly ranting. The reason for the high % increase in their prices is only because their prices were at such a dramatically low level prior to the lockout.
The average NHL ticket price this season is $61.01. The Penguins average ticket price is $67.52. That's 10.6% above the NHL average. Considering there is a new arena, a winning product on the ice with the best player in the NHL and other stars surrounding him, the team consistently makes the playoffs, and the team consistently spends to the cap, I'd say ticket prices 10% above the league average is more than fair.
3 US teams are ahead of us in average ticket price: Capitals, Rangers, Flyers. 5 Canadian teams are ahead of us: Leafs, Jets, Canucks, Oilers, Canadiens. GOULET!
When you look at Fan Cost Index (FCI), the price to take a family of four to a game, including tickets, drinks, hot dogs, parking, etc., the Pens are 11th in the league at $369.07, with the NHL average set at $354.82 (or just 4% above the NHL average). This is due to things like the Pens having cheaper beer prices than other comparable NHL teams as well as not charging for programs when some others do.
So before you accuse Lemieux and Burkle of cheating you and laughing themselves to sleep naked on top of a big pile of money surrounded by beautiful women, take some perspective. I mean, Burkle definitely probably does laugh himself to sleep naked on top of a big pile of money surrounded by beautiful women... but he certainly isn't cheating you. GOULET!
I think those are way way way way off becasue they do not include premium seat prices (igloo seats) which are historically some of the highest in the leauge,
or any of the boxes, little ones or suites, it skews those numbers greatly as the Pens have a ton of those seats.
One other thing people forget is the Pens deal wtih the city "flipped". Consol brought more for them than increased ticket revenue. They got concert money (rent or however that works I dont know), more parking money, a ton more concession money from pens games and now concets, development rights, rent from TGI Fridays or whatever. Plus increased suites and sponsorship cash-eesh. It was a windfall deal. Just add the numbers up in your head for concessions at all the events they have beyond games.
You guys are correct its a free market. But do the math in your head. If they make $5 more person for food than they did before plus concert patrons, more parking, triple the naming rights, more sponsors, 20 more suites, some other random dollars with a minimal increase in rent then they are either sleeping in money beds or the horribly managed from a business side.
Point being even if your fan cost index is correct, which I dont think it is the Pens still have a really good arena deal that makes them money compared to 3 years ago.
I hesitate to say this as MRandall will fire in with the "go get bobbleheads at a pirates game" but its why the cut backs bother people so much, they seem like such minimal silly things to cut out when their increases far far far far far outweigh any rent or cap hikes, especially now that they are getting 7% more back in their pockets.
Thats my opinion anyways, they say they are the best fan friendly organization but pinch pennies on the silliest of things. Deep down I think thats why people get mad, dont come out with excuses and send letters saying your great. Or pound your chest on twitter. Just have price increases due to demand but provide the minimal amount of customer service.
My best example is this. Everyone wanted an iPad. They were expensive and over valued based on demand. But when you went to pick it up it was in a nice package, and there were people in the store to help you out, help you set it up, free trouble shooting and more. There is still value in basic business principles no matter how "by the balls" they have you.
It seems they did learn their lesson from last years playoff pricing disaster. They raised them so high they had too high of a cancel rate and offered us season holders the chance to buy more for the first time since pre Sid.