Ticket prices ranking just released: UM, OSU, Nebraska in top 5
With all the preseason rankings based on subjective opinion, here's one you can bank on, from Forbes. Finally, a football poll dominated by the B1G:
2. OSU
3. UM
4. Nebraska
9. Iowa
18. PSU
August 30th, 2013 at 9:21 AM ^
"Poor folk have that sour milk and cigarette smell that ruins the game day experience for rich guys"...
-D. Brandon
August 30th, 2013 at 9:31 AM ^
August 30th, 2013 at 9:24 AM ^
We also lead the NCAA in noodles. #davebranding
August 30th, 2013 at 9:27 AM ^
August 30th, 2013 at 11:28 AM ^
August 30th, 2013 at 10:27 AM ^
Outrageous and shameful. Many students will be priced out if it hasn't happened already. Academics have taken a back seat to sports and for that matter federally guaranteed (and non dischargeable) student loans.
August 30th, 2013 at 11:33 AM ^
Not to be a debbie downer on your outrage because I don't like the ticket price hikes either but I'm pretty sure this ranking is based off the secondary market which makes me wonder if this site is going to do the stubhub experiment this year and see how it ends up.
Also I'll ask this question because of the ad discussion in the giant noodle thread. Without tapping into new revenue streams, how do you expect Michigan football to keep up with other top tier programs without raising increased funds? And if you believe as I do that they still do need increased funds, how do you do that without raising ticket prices if you refuse to tap said revenue stream.
August 30th, 2013 at 10:11 AM ^
Kudos to Forbes on what seems to be a good ranking with quality metrics; and kudos to the OP for posting this.
We are paying a lot, for Michigan football. Time to figure out how to reduce those costs. My cost for seats to see Central Michigan this weekend, and Akron in two weeks, is right around $160 per ticket.
And if I were a total mercenary and attempted to sell every one of my tickets for the entire season on the open market, I'd have a very hard time breaking even.
August 30th, 2013 at 10:10 AM ^
Here's the TiqIQ site for the full list -
http://www.tiqiq.com/tiqiqtop25/
A quick analysis of the 30 teams on the page - so, including the five teams "on the bubble" (their words) - is interesting. The average of those prices is $154.20, and the median price is $146. The standard deviation is a somewhat substantial $45. The average of the five Big Ten teams is $197, and of the ten SEC teams in the 30 mentioned, the average would be $156. Average of averages, I know, but still interesting differences when you start slicing it up.
August 30th, 2013 at 10:24 AM ^
I sold my entire season ticket package (2 seats); then bought two seats to the two games I really wanted to go to. I even made a few bucks.
August 30th, 2013 at 11:03 AM ^
Could you explain, in a bit more detail? How much is your PSD? How did you sell your season-pair? What two games are you going to, and generally where are you sitting for those games?
August 30th, 2013 at 12:25 PM ^
Stubhub. Due to some unforeseen circumstances I am not going to be able to make it to the ND game this year so i put my tickets on stubhub. On that game alone I made over $3300 after stubuub took their 15% cut. I don't think you realize what people are willing to pay to see a game.
August 30th, 2013 at 1:59 PM ^
'Splain how you "made over $3300 after Stubhub took their 15% cut."
Again, what was your PSD?
Let's just say, for purposes of argument, that people are willing to pay $500 a seat for Section One Notre Dame tickets, and you had four to sell. (Currently, I think that's a close estimate per StubHub. Could be a little higher or a little lower.) The PSD for each and every Section One ticket is $600. The COST for Section One UM-ND tickets is thereby about $180 ea., amortizing the PSD on a simple per-game basis* (which you can't come close to realizing for reselling most other games apart from OSU). $95 ticket price + $85 worth of PSD = $180. Times four = $720 cost, in other words, for the four ND tickets in Section One.
If you then sold the four of them for $500 each, you grossed $2000 and netted $1280. And if you sold them through Stubhub, you can subtract $300 from that.
Now I just know that you are going to tell me that I got something very wrong in this hypothetical, and I can hardly wait to find out what it is that I got wrong.
*$600 PSD, divided by 7 home games = $85 per ticket, per game.
August 30th, 2013 at 2:57 PM ^
Maybe he added an extra 0. My neighbor sold his ND tickets for 500 bucks each. That more than paid for the 2 tickets for the game he picked up from the Alumni Association. You see, the tickets from the Alumni Association cost LESS than what he cleared from selling his tickets to the game. As a result, he made a few bucks. Amortize that my brother! He got paid!
August 30th, 2013 at 4:01 PM ^
I have 4 tickets and my PSD is $1500 total. I had originally planned on selling 2 tickets and keeping the other 2 so my wife and I could go to the game. I sold the first 2 tickets on stubhub in May for $750 each, subtract the 15% stubhub takes and that's $1275 for those 2 tickets. Once it looked like my wife and I could not make it to the ND game I put my remaining tickets on stubhub for $1200 each, knowing I could always lower the price closer to gameday. Fortunately for me they sold for $1200 each and once you subtract 15% that leaves $2040. Now if you add those two figures together you end up with $3315 from one game.
August 30th, 2013 at 4:07 PM ^
Also when you list tickets on stubhub you can check out what the prices are for tickets that have already sold and what people have set their "buyer alerts" for and adjust your prices based on those 2 factors. Your estimate of $500 for a section 1 seat is way off for the ND game. I sold 2 tickets to the Indiana game for $200 each. That's $400 for Indiana!
August 30th, 2013 at 4:51 PM ^
Also I believe it cost $3335 total for my season tickets. So I was $20 shy of paying for my whole season on the ND game alone. Another way of looking at it is divide $3335 by 7 and you come up with $476.43 per game. Subtract that from the $3315 I netted from stubhub and I made $2838.57 on one game.
August 30th, 2013 at 12:52 PM ^
Here is the formula I used. It is really complex stuff (buying and selling football tickets).
August 30th, 2013 at 1:20 PM ^
August 30th, 2013 at 1:41 PM ^
...the B1G is home to the biggest suckers in all of college football. If fast food workers can do it, maybe it's time for fans to go on strike too!