dfosterf
15 years ago
CBA Uncertainty causes Packers to raise ticket prices--PFT 


CBA uncertainty forces Packers to pump up ticket prices
Posted by Mike Florio on January 22, 2010 12:53 PM ET
The bad news for Packers fans is that they might be soon seeing their former quarterback qualify for the Super Bowl wearing the uniform of one of their arch rivals.

The good news is that, if he comes back for another season, they'll get to pay more money to boo him.

Yes, the Packers have announced that they're raising ticket prices.

The average increase is $9 per seat, with the jump ranging from $8 to $11. It's the team's first increase since 2007.

"The new pricing strengthens our ability to be competitive both on and off the field with teams in larger markets," team president Mark Murphy says in a letter to be sent to season-ticket holders. "With the future landscape regarding the Collective Bargaining Agreement unknown, teams will be even more competitive in terms of generating revenue. The increased revenue will allow us to focus financial resources on supporting a successful football team, our No. 1 goal."

In other words, with supplemental revenue sharing and the salary cap disappearing, teams will be under more pressure than ever to apply basic supply-demand concepts to their ticket prices. With the Packers being the only show in town and with the waiting period for season tickets still measured in decades, the Packers can charge a lot more than they're charging.

In an environment featuring far more competition among franchises for players (but isn't the NFL a single entity?), the message is clear -- raise more money or lose out on key players.




GBPG- Same subject, more detailed info about the pricing 


This is one of my "rant" subjects. I would have raised them a lot more. I want my team to have more flexibility from a financial perspective, and the nature of our ownership demands that they remain fiscally responsible. I feel like that aspect is so very underappreciated by many fans.

My rough analogy is this.

My many years as a hunter, I was always a strong advocate of raising license fees in order to help preserve the resource, and would purchase duck stamps, migratory bird stamps, etc. in order to "help the cause".
PackFanWithTwins
15 years ago
Think they are really just making up for not raising them last year.
The world needs ditch diggers too Danny!!!
gbguy20
15 years ago
I'd really be shocked if people complain about this.

this is a 9$ increase over 2 years.

Anyone who is going to complain about spending 9 extra dollars to help their team probably has no place spending the money on the tickets period.
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wpr
  • wpr
  • Preferred Member
15 years ago

I'd really be shocked if people complain about this.

this is a 9$ increase over 2 years.

Anyone who is going to complain about spending 9 extra dollars to help their team probably has no place spending the money on the tickets period.

"gbguy20" wrote:



Sorry it is a whole lot more than just the $9. GB has raised the tickets prices numerous times in the past 15 years. (They try to do it every other year but they skipped last year due to the economy. I don't know about you but we have not rebounded from last year yet but the Packers certainly will.) link 

Basically they raise prices just because they and the other NFL teams can. I take it with a grain of salt that they need to remain competitive. GB is not noted for getting into bidding wars for players. They try to stay in the middle of the NFL when it comes to ticket pricing. But all that means is half the franchises raise prices one year. The rest the following year.

I checked some notes and in 1995 end zone tickets were $23. By 2005 that had increased to $54. An increase of 225% (22.5% a year. Each and every year.) That is a pretty hefty inflation increase even for the entertainment industry. Next year the tickets will be $67 each. A 278% increase or an avg of 18.6% each and every year.

In addition to Packer tickets, I buy, gas, meals, lodging, and often times souvenirs. It all adds up and then keeps adding up.

I really do not mind supporting the Packers. I do not mind rate increases but keep in mind that the REAL ticket price is 50% more for the "Gold Package" ticket holders as they are required to pay full price for a preseason game. ($402 for two regular season games and these are the cheap seats.) Many ticket-holders don't attend the preseason games since the starters play so little. I don't mind watching a preseason game. I like seeing the rookies and others trying to earn a slot on the team. A couple of years ago we were running late and missed the opening drive of the game. Rodgers threw a TD pass on the 1st play and the offensive starters then sat the rest of the game. We just laughed about it. What I do mind is having to pay full price for something that is less than "NFL quality".

I know dfoster wants to jack the prices up even more. He is entitled to his opinion. I just don't see GB using the extra revenue to run out and pick up a lot of high priced free agents. They will simply put the money in the bank and save it for a rainy day.


The Green Bay Packers released financial information that shows a $20.1 million profit for the fiscal year that ended March 31.



"Despite the tough economic conditions, team officials emphasized that it would have no impact on the franchise's football operations. 'We have placed no restriction on football in terms of what they need to be successful,' Murphy said. 'We are continuing to provide them all of the resources they need to sign players and be competitive on the field.'

At the same time, the team is sound financially, team officials said. The Packers' Preservation Fund, a piggy-bank of sorts for the franchise, remains at $127.5 million."



Regardless, the Packers' financial information doesn't do a lot to support the owners' claim that they're in any kind of desperate financial straits. If anything, it suggests that they're just not making quite as much money as they're all used to making.


link 

One of the reasons for the possible lockout is to get the prices for players salaries back in line. If that happens will they lower ticket prices? Not hardly.
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dfosterf
15 years ago
Almost a quarter of a billion in gross revenue, and they netted


4 million. Link of my own, GD it---forgive me, lol 




Not 20.


The author skewed the figures in order to evoke some sort of anger, and he succeeded.

Wayne, you know I respect your concerns on this issue, as you do mine, but that Graziano guy (very conveniently for his thesis, btw)---left out the 16 mil lost in investments.

I DO put my money where my mouth is, btw--- I have an interest in 4 season tickets, and while I do not "pay" in the sense that it is from an inheritance, my inheritance goes down accordingly each year that the tickets get paid for, and I DONT EVEN GO...(well, VERY rarely) but am GLAD TO DO IT. feel another rant coming on, sorry, lol
wpr
  • wpr
  • Preferred Member
15 years ago
DF,
I know journalist slant stories. I am not upset by what is going on. I do think raising prices simply for the sake of raising them is wrong. Not GB but the league as a whole. This is a part of the posturing when they face the player's union.
I only skimmed the article you linked to. I always question when some one reports that they "lost" money in investments. Almost always that is just a paper transaction. Legal but not the whole story.

Move it away from football- If Bill Gates spent a "paltry" $100 million on investments and over 5 years they grew to be worth $200 million before the 2009 downturn and they are now worth $$184 million, it is reported that Gates "lost" $16 million in investments. he can no doubt deduct that on his taxes in some fashion. My contention is that he did not lose $16. Deduct it from your taxes and net worth. I am fine with that but if he only paid $100 and it is still worth $186 million he still in the black not red. Now if he bought at $100 on sold at $86 I will agree that he lost $16 million.

The same for GB. Until they sell their investments they have not lost anything. They are just erasing one number on a piece of paper and writing in a different number. It does not mean anything. (Tax attorney's and financial planners will disagree I know.)
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gbguy20
15 years ago

I'd really be shocked if people complain about this.

this is a 9$ increase over 2 years.

Anyone who is going to complain about spending 9 extra dollars to help their team probably has no place spending the money on the tickets period.

"wpr" wrote:



Sorry it is a whole lot more than just the $9. GB has raised the tickets prices numerous times in the past 15 years. (They try to do it every other year but they skipped last year due to the economy. I don't know about you but we have not rebounded from last year yet but the Packers certainly will.) link 

Basically they raise prices just because they and the other NFL teams can. I take it with a grain of salt that they need to remain competitive. GB is not noted for getting into bidding wars for players. They try to stay in the middle of the NFL when it comes to ticket pricing. But all that means is half the franchises raise prices one year. The rest the following year.

I checked some notes and in 1995 end zone tickets were $23. By 2005 that had increased to $54. An increase of 225% (22.5% a year. Each and every year.) That is a pretty hefty inflation increase even for the entertainment industry. Next year the tickets will be $67 each. A 278% increase or an avg of 18.6% each and every year.

In addition to Packer tickets, I buy, gas, meals, lodging, and often times souvenirs. It all adds up and then keeps adding up.

I really do not mind supporting the Packers. I do not mind rate increases but keep in mind that the REAL ticket price is 50% more for the "Gold Package" ticket holders as they are required to pay full price for a preseason game. ($402 for two regular season games and these are the cheap seats.) Many ticket-holders don't attend the preseason games since the starters play so little. I don't mind watching a preseason game. I like seeing the rookies and others trying to earn a slot on the team. A couple of years ago we were running late and missed the opening drive of the game. Rodgers threw a TD pass on the 1st play and the offensive starters then sat the rest of the game. We just laughed about it. What I do mind is having to pay full price for something that is less than "NFL quality".

I know dfoster wants to jack the prices up even more. He is entitled to his opinion. I just don't see GB using the extra revenue to run out and pick up a lot of high priced free agents. They will simply put the money in the bank and save it for a rainy day.


The Green Bay Packers released financial information that shows a $20.1 million profit for the fiscal year that ended March 31.

"gbguy20" wrote:



"Despite the tough economic conditions, team officials emphasized that it would have no impact on the franchise's football operations. 'We have placed no restriction on football in terms of what they need to be successful,' Murphy said. 'We are continuing to provide them all of the resources they need to sign players and be competitive on the field.'

At the same time, the team is sound financially, team officials said. The Packers' Preservation Fund, a piggy-bank of sorts for the franchise, remains at $127.5 million."



Regardless, the Packers' financial information doesn't do a lot to support the owners' claim that they're in any kind of desperate financial straits. If anything, it suggests that they're just not making quite as much money as they're all used to making.


link 

One of the reasons for the possible lockout is to get the prices for players salaries back in line. If that happens will they lower ticket prices? Not hardly.



the article states that is an average of a $9 increase

which is where my comment is from
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dfosterf
15 years ago

DF,
I know journalist slant stories. I am not upset by what is going on. I do think raising prices simply for the sake of raising them is wrong. Not GB but the league as a whole. This is a part of the posturing when they face the player's union.
I only skimmed the article you linked to. I always question when some one reports that they "lost" money in investments. Almost always that is just a paper transaction. Legal but not the whole story.

Move it away from football- If Bill Gates spent a "paltry" $100 million on investments and over 5 years they grew to be worth $200 million before the 2009 downturn and they are now worth $$184 million, it is reported that Gates "lost" $16 million in investments. he can no doubt deduct that on his taxes in some fashion. My contention is that he did not lose $16. Deduct it from your taxes and net worth. I am fine with that but if he only paid $100 and it is still worth $186 million he still in the black not red. Now if he bought at $100 on sold at $86 I will agree that he lost $16 million.

The same for GB. Until they sell their investments they have not lost anything. They are just erasing one number on a piece of paper and writing in a different number. It does not mean anything. (Tax attorney's and financial planners will disagree I know.)

"wpr" wrote:



You skimmed the report from the Green Bay Packers and quoted from that one guy and his interpretation. Not fair.

I addressed the "paper" nature of that loss, but I guess you didn't get that far.
RaiderPride
15 years ago
Everyone with season tickets can afford and extra $9 on average.

That means if they can afford $9 they can afford $18

Bump it up to an average of $18 and be really financially solid to make the moves to get back to back Superbowls.
""People Will Probably Never Remember What You Said, And May Never Remember What You Did. However, People Will Always Remember How You Made Them Feel."
wpr
  • wpr
  • Preferred Member
15 years ago



the article states that is an average of a $9 increase

which is where my comment is from

"gbguy20" wrote:



I know and if it was the first increase in 10 years that would be one thing. When they increase repeatedly it is another thing. When you say no one should complain I don't think that is fair. (It sounds like those who would complain are unpatriotic or something.)
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