NBA Ticket Information
The 2016-2017 NBA season is upon us! The offseason saw the rich get richer, with many of the league’s top teams from last season signing new stars for 2016-17. The Chicago Bulls brought in Dwayne Wade from Miami who will team up with Jimmy Butler in what might now be one of the top NBA duos this season. The addition of a highly anticipated player from the draft or free agency can have numerous effects on an individual team’s ticket price.
A superstar player, a good playoff run, or a championship can drive tickets prices the following season. The Golden State Warriors average season ticket package price for the 2016-2017 season has increased by $3311. That ticket price has increased drastically following the Warriors showing in the NBA Finals playoff and with the addition of star scoring player, Kevin Durant joining the team this season. The New York Knicks have also seen their ticket price rise as a result of Derrick Rose and Joakim Noah coming from Chicago to join the Knicks for an exciting season with season ticket prices rising an incredible $8,000.
A team’s brand can also play a major factor in setting ticket prices regardless of performance or players on the court. With the loss of Kobe Bryant on the court for the Los Angeles Lakers in the 2015-16 season, the franchise saw a drop in the median ticket price of $17 but still has maintained an above average ticket price over the course of the preseason. Teams that have been able to capitalize on their brand and remain relevant in the NBA include the Charlotte Hornets ($83 rise on average preseason ticket price) and the Oklahoma City Thunder (average ticket increase of $36).
If you are looking to get the best deal on tickets to some of your teams’ biggest matchups, the earlier the better. Expect the Cleveland Cavaliers’ median ticket price to continue to rise as the season goes on, and for large matchups to drive prices.
Ticket prices based on averages as of August 1, 2016