Comments on: Note: Mets sell Four Million Tickets http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/ Latest Mets News, Links, Rumors and Opinion Fri, 04 Feb 2011 21:22:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: kingman 26 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307142 kingman 26 Tue, 26 Aug 2008 22:13:49 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307142 OK, good points, especially the first one about stadium infrastructure. And great name by the way. OK, good points, especially the first one about stadium infrastructure.

And great name by the way.

]]> By: Ceetar http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307121 Ceetar Tue, 26 Aug 2008 21:08:30 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307121 Actually, they've ensured that those 'empty seats' will continue to pay for those empty seats even when the Mets are bad. This helps ensure even when the Mets are sucking they can still afford to pay guys to come here and play at market value or above. You make it sound like the Wilpons were clueless and made this decision for an arbritrary reason, when I'm sure they spent plenty of time making sure they made the right financial decision. Keep in mind the 10s to 100s of million dollars it would've cost to build those extra seats just so the occasional extra handful of fans could get in cheaply. When would that have paid off? 2040? Actually, they’ve ensured that those ‘empty seats’ will continue to pay for those empty seats even when the Mets are bad. This helps ensure even when the Mets are sucking they can still afford to pay guys to come here and play at market value or above. You make it sound like the Wilpons were clueless and made this decision for an arbritrary reason, when I’m sure they spent plenty of time making sure they made the right financial decision. Keep in mind the 10s to 100s of million dollars it would’ve cost to build those extra seats just so the occasional extra handful of fans could get in cheaply. When would that have paid off? 2040?

]]> By: grmetsfan http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307112 grmetsfan Tue, 26 Aug 2008 20:30:05 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307112 So true about Kowalski. I'm in the Mezz 18 on Sunday's and I can't imagine him wearing a suit lol. Haven't been there in a few weeks been on vacation but I'll be there for the next sunday game! So true about Kowalski. I’m in the Mezz 18 on Sunday’s and I can’t imagine him wearing a suit lol.

Haven’t been there in a few weeks been on vacation but I’ll be there for the next sunday game!

]]> By: BringBackDaveTelgheder http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307105 BringBackDaveTelgheder Tue, 26 Aug 2008 20:19:53 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307105 Kingman, I've seen it many times the opposite way. The extra, half-empty seats are a drain on finances for the team. There's the infrastructure that needs to support them (bathrooms, vendors, concessions, etc) that need be run because those sections are open. Also, by having more open seats the demand for tickets lessens, meaning the price for them will as well. The other thing I can think of is they are just taking in too little money for those seats to be profitable. Kingman,

I’ve seen it many times the opposite way. The extra, half-empty seats are a drain on finances for the team. There’s the infrastructure that needs to support them (bathrooms, vendors, concessions, etc) that need be run because those sections are open. Also, by having more open seats the demand for tickets lessens, meaning the price for them will as well. The other thing I can think of is they are just taking in too little money for those seats to be profitable.

]]> By: Free Aaron Heilman II http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307096 Free Aaron Heilman II Tue, 26 Aug 2008 19:53:37 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307096 Hey, there's a big difference between gas and ticket prices. And if you know anything about economics, you wouldn't have used such a poor comparison. People cannot afford to forgo gas. It's a necessity of life. People can certainly afford to go tickets to a baseball game. Therefore, the Wilpons cannot just raise ticket prices however they want. There is a limit to how much people will pay for such diversions. <b>The Mets have already come out ahead with 10,000 less seats. </b> Huh? That's just your guess/opinion. You have nothing to substantiate that with. <b>Even if they build those 10,000 extra seats, they won’t make as much money as they would without those 10,000 seats.</b> BS. Pure BS. They may or may not. It would depend on so many other factors which neither you or I are privvy to. Hey, there’s a big difference between gas and ticket prices. And if you know anything about economics, you wouldn’t have used such a poor comparison.

People cannot afford to forgo gas. It’s a necessity of life. People can certainly afford to go tickets to a baseball game. Therefore, the Wilpons cannot just raise ticket prices however they want. There is a limit to how much people will pay for such diversions.

The Mets have already come out ahead with 10,000 less seats.

Huh? That’s just your guess/opinion. You have nothing to substantiate that with.

Even if they build those 10,000 extra seats, they won’t make as much money as they would without those 10,000 seats.

BS. Pure BS. They may or may not. It would depend on so many other factors which neither you or I are privvy to.

]]> By: Free Aaron Heilman II http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307093 Free Aaron Heilman II Tue, 26 Aug 2008 19:48:45 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307093 Of course I understand supply and demand. So, you're telling me that 45,000 playoff priced seats makes more money than 45,000 plyoff-priced seats + 10,000 cheaper seats? Sorry, your math doesn't compute. I know, I know. You're going to say that if there were 10,000 additional seats they wouldn't be able to charge playoff prices for the other 45,000 seats. Well I disagree. Whatever they will be charging for those 45,000 seats they could probably still get even with a larger capacity. As it is now, demand is far outstripping supply. The issue isn't whether revenue will exceed that of Shea. Of course it will due to higher prices everywhere (in-stadium advertising, parking, merchandising, restaurants, ticket prices etc etc) The issue is whether they are forgoing a large chunk of change by choosing to make the sentimental choice of a smaller stadium. I think they've done that. Of course I understand supply and demand.

So, you’re telling me that 45,000 playoff priced seats makes more money than 45,000 plyoff-priced seats + 10,000 cheaper seats? Sorry, your math doesn’t compute.

I know, I know. You’re going to say that if there were 10,000 additional seats they wouldn’t be able to charge playoff prices for the other 45,000 seats. Well I disagree. Whatever they will be charging for those 45,000 seats they could probably still get even with a larger capacity.

As it is now, demand is far outstripping supply.

The issue isn’t whether revenue will exceed that of Shea. Of course it will due to higher prices everywhere (in-stadium advertising, parking, merchandising, restaurants, ticket prices etc etc) The issue is whether they are forgoing a large chunk of change by choosing to make the sentimental choice of a smaller stadium.

I think they’ve done that.

]]> By: janss36 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307037 janss36 Tue, 26 Aug 2008 18:58:07 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307037 My ST's are going to be in the Promenade IF and cost an aveage of $25... Not terrible... This season I had Upper Boxes, averaging $30... It's not prcing me out... My ST’s are going to be in the Promenade IF and cost an aveage of $25… Not terrible… This season I had Upper Boxes, averaging $30… It’s not prcing me out…

]]> By: KFS http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307036 KFS Tue, 26 Aug 2008 18:56:38 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307036 Free Heilman, can I ask what you do for a living? The reason I'm asking is that it seems to me you have no idea how supply and demand works. The Mets, unlike most for-profit companies, have the luxury of controlling supply without interference from regulator. The pricing chart does not function in a straight line where a 1% decrease in supply would result in a 1% increase in price. If anything, as you've seen with oil, a slight decrease in supply can cause a dramatic increase in price. What the Wilpons have done is similar. They have essentially gotten rid of 10,000 cheap seats so they can have the luxury of charging current-day playoff prices for the remaining 45,000 seats and they're probably guranteed to make more money than a sellout at Shea even if the new stadium is half-filled. If those 10,000 seats were added, they'd probably need to sell 60-70% of the seats to ensure the same revenue as a Shea sellout. Free Heilman, can I ask what you do for a living? The reason I’m asking is that it seems to me you have no idea how supply and demand works. The Mets, unlike most for-profit companies, have the luxury of controlling supply without interference from regulator. The pricing chart does not function in a straight line where a 1% decrease in supply would result in a 1% increase in price. If anything, as you’ve seen with oil, a slight decrease in supply can cause a dramatic increase in price. What the Wilpons have done is similar. They have essentially gotten rid of 10,000 cheap seats so they can have the luxury of charging current-day playoff prices for the remaining 45,000 seats and they’re probably guranteed to make more money than a sellout at Shea even if the new stadium is half-filled. If those 10,000 seats were added, they’d probably need to sell 60-70% of the seats to ensure the same revenue as a Shea sellout.

]]> By: KFS http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307025 KFS Tue, 26 Aug 2008 18:45:14 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-307025 Have you wondered why oil companies make more money when they're selling LESS gas? The Mets have already come out ahead with 10,000 less seats. Even if they build those 10,000 extra seats, they won't make as much money as they would without those 10,000 seats. Have you wondered why oil companies make more money when they’re selling LESS gas?

The Mets have already come out ahead with 10,000 less seats. Even if they build those 10,000 extra seats, they won’t make as much money as they would without those 10,000 seats.

]]> By: Free Aaron Heilman II http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-306977 Free Aaron Heilman II Tue, 26 Aug 2008 17:56:11 +0000 http://www.metsblog.com/2008/08/26/note-mets-sell-four-million-tickets/#comment-306977 Buying their own tickets and taking them off the market doesn't make sense. Reported revenues would then not be in line with projected revenues that come from a certain level of tickets sold. And this would likely raise suspicion from MLB in terms of revenue sharing. The Wilpons have more to lose by doing something like that than they have to gain. Buying their own tickets and taking them off the market doesn’t make sense. Reported revenues would then not be in line with projected revenues that come from a certain level of tickets sold. And this would likely raise suspicion from MLB in terms of revenue sharing.

The Wilpons have more to lose by doing something like that than they have to gain.

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