The New York Knicks have discovered a brand new technique to squeeze cash from lovers at Madison Square Garden — although the crew has most effective made the playoffs two times prior to now decade and tickets are already a few of the costliest within the league.
Team proprietor James Dolan is rolling out a plan for a brand new segment of ultra-premium courtside seats — anticipated to promote for up to $3,000 a price ticket — by means of breaking apart the scorer’s desk the place media and recreation officers typically take a seat, The Post has discovered.
By opening up the high actual property, a entrance row and 2d row of seats can also be added, permitting deep-pocketed lovers to almost rub elbows with avid gamers getting set to test into the sport.
The face worth of the brand new seats shall be as much as $3,000, consistent with Knicksseatingchart.com.
“New York Knicks courtside seats are situated proper subsequent to the scorer’s desk and an arms-length clear of the avid gamers at the ground. The perfect Knicks courtside seats are described as Scorer’s Table Seats and fill out the sideline on all sides of the scorer’s desk,” the web page says.
During an profits name Thursday, Madison Square Garden Sports showed there could be new courtside and ground seating, however didn’t supply any specifics. The Golden State Warriors and a couple of different groups had up to now ditched the just about full-length court docket desk for a couple of smaller desks.
The Knicks additionally introduced they wouldn’t hike costs on any in their tickets for the approaching season, as Dolan has a coverage of now not instituting hikes when the crew doesn’t qualify for the postseason. Aside from a brief run within the playoffs final 12 months, the franchise hasn’t been to the NBA Finals in additional than twenty years and has now not gained a identify since 1973.
That hasn’t saved die-hard lovers from filling the Garden. Last season, the Knicks averaged $2.99 million in gate receipts in keeping with recreation, 3rd within the league. The NBA champion Golden State Warriors led the league all through the common season, averaging $4.2 million in keeping with recreation, consistent with confidential NBA paperwork.
Madison Square Garden Sports on Thursday reported the Knicks and Rangers are actually at a 91% season price ticket renewal price and emerging.
The Rangers, who fell simply in need of taking part in for the Stanley Cup final season — shedding to two-time protecting champion Tampa Bay within the semifinals — will elevate price ticket costs this 12 months, MSGS stated.
The crew raked in a mean of $3.5 million in benefit for each and every of its 10 house playoff video games, MSGS stated, which is a close to report for any crew all through a playoff run.
MSG’s stocks on Thursday rose 5.9% to $170.73.
That was once now not the one excellent information for Dolan.
Dolan’s one at a time traded Madison Square Garden Entertainment — which contains the cable corporate, area and different venues — additionally were given a spice up Thursday after pronouncing it is going to spin off a few of its property.
MSGE’s stocks popped 6.8% in after-hours buying and selling to $67.
Source Link: https://nypost.com/2022/08/18/new-york-knicks-to-charge-3k-for-new-courtside-seats/