Sports econ potpurri
NFL ticket prices are up this year, in some venues. The average price is 8% higher.
But the bloom may be off the rose. Along with other bits of anecdotal evidence, David Moulton reports that 10,000 seats are covered with a tarp in Jacksonville. Moreover:
Something strange happened on our radio show this week. We had Miami Dolphins tickets to today’s game against the San Diego Chargers to give away.
No one wanted them! Free tickets to an NFL game and they had less value than a station T-shirt. 2007 Dolphins tickets, I could totally understand, but these guys just drilled the Patriots.
Now, this moment could have been a fluke, but I don’t think so. I think the sports landscape is changing.
The question is whether the change is cyclical or permanent. Here’s more on the cyclical worries for franchises.
At Time Magazine, Sean Gregory discusses the new “Jock Market” at OneSeason.com, where you can trade shares in players. Problem is, there is no intrinsic relation between the value of a share at OneSeason and player performance, other than what traders think of it. I refer to it as “the ultimate beauty contest” and state that I expect the market to collapse. Which would be too bad, because the market is based on real money transactions and the price changes would be interesting to study. Stocks and real estate are passe’, so perhaps OneSeason is the next bubble 😉
Finally, anyone who has read this far must be a TSE junkie, so here’s the obligatory stadium subsidy piece. This installment has facts and figs on the new stadium for Real Salt Lake, which will have its debut on Thursday. The pics are pretty (pdf).