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Ticket prices vs A&M

IndayArtHauz said:
Look at #1, then massage your temples as you remember the result, and you will understand why no normie is rushing to attend this game.

The FSU game last year was “I feel like an idiot for watching, let alone attending” bad. It was one of the most shameful results since probation. Literally. The difference is that when we lost got blowed out then I was a kid and I cried, whereas last year I just turned the TV off and thanked God for a beautiful day.

If you went to home games last year, more often than not you left feeling stupid for going. Waste of money, waste of time, waste of your life. That sting doesn’t wash off because of one nice win. The failure of 2022 still lives.

Hopefully it dies by Saturday night.
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My last game in person was the UNC debacle when they rushed for 12,000 yards.
 
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DMoney said:
We lost five straight home games, four of them blowouts. This is what happens.

I think it will end up as a nice, loud crowd and business will pick up if we win.
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End thread and lock it. Nothing more needs to be said.
 
WanderFranco said:
The problem with the Miami fan base, though, is that we already know that lowering the price doesn't make a difference. The people who show up are the people who show up, period. Lowering the price attracts a minimal number of additional fans, while devaluing the product to where the guy who pays $125 now expects that lower price as well. It's like the Rays and Marlins. They practically give tickets away and it still only makes a nominal difference in attendance.
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We have these low intelligence porsts about lowering the price resulting in significantly increasing attendance. Newsflash: it won’t make that much of a difference. I bet if they cut the prices by half today, they might see another 3k extra tickets sold, if that, while devaluing the product.

There is only one solution to the attendance problem, start putting a better product on the field.
 
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IndayArtHauz said:
Hopefully you got a Purple Heart for the effort.
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I got banned from twitter and Facebook that day. Also that year I deferred my season tickets because of Covid but bought club seats from a valued poster here and unknowingly sat behind DJ Iveys family and called him the worst corner I’ve ever seen. Well they let it be known they didn’t like that. By half time I was just pounding beers in the parking lot wondering why I still do this to myself. Anyway here we are a few years later and I’m still wondering that to myself sometimes.
 
IndayArtHauz said:
Look at #1, then massage your temples as you remember the result, and you will understand why no normie is rushing to attend this game.

The FSU game last year was “I feel like an idiot for watching, let alone attending” bad. It was one of the most shameful results since probation. Literally. The difference is that when we lost got blowed out then I was a kid and I cried, whereas last year I just turned the TV off and thanked God for a beautiful day.

If you went to home games last year, more often than not you left feeling stupid for going. Waste of money, waste of time, waste of your life. That sting doesn’t wash off because of one nice win. The failure of 2022 still lives.

Hopefully it dies by Saturday night.
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Let's hope. Last year was the reason I moved out of club and into the 300s. Not enough value in club for the product on the field and I fly in for games, too.
 
OriginalCanesCanesCanes said:
We have these low intelligence porsts about lowering the price resulting in significantly increasing attendance. Newsflash: it won’t make that much of a difference. I bet if they cut the prices by half today, they might see another 3k extra tickets sold, if that, while devaluing the product.

There is only one solution to the attendance problem, start putting a better product on the field.
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If they lowered the price today then the same crew would just be like "I'm gonna wait until ganeday to buy tix because then they'll be going for next to nothing!"......only to never actually show up and then claim their kid had a tummyache on Saturday morning or that the airline "cancelled" their flight.
 
OriginalCanesCanesCanes said:
Do yourself a favor and brush up on the law of supply and demand, and while you’re at it, look into price elasticity.
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Congrats that you took Econ 101.

While there’s always super fans with *relatively* inelastic demand, that’s going to be a minority of most fans. Especially in Miami.

Folks of modest income, casual fans, fair weather fans, and just regular normal people are going to have pretty elastic demand I.e. they are sensitive to pricing. Whether a ticket is $50, or $200, makes a big difference if they can even afford it, or are willing to pay it even if they technically can. Imagine the difference for a family of 4-6, it’s huge.

Now unless you’re suggesting that 100% of fan demand is actually completely inelastic, as if attending a game is on par with needing clean drinking water, then of course higher prices are going to lead to less demand my guy. Especially in *Miami*, where there’s plenty of other things to do on the weekend, aka a high opportunity costs (Econ 101 again) compared to some random college town, which we can expect to highly impact elasticity.

Here’s a good blog post that applies the concept to the NFL and CFB, and draws the conclusion that CFB is much more inelastic *relative* to the NFL. I find that probably true in aggregate, but in the specific case of UM I think they’re gonna be much more on par elasticity wise with a professional team in big city markets, and we can see similar at USC etc.

Again, we just have to look at all the available tickets this week, the ones seemingly on discount in the secondary markets, and the BOGO deal now to observe that the ticket office misjudged price elasticity and over priced the tickets for this game.
 
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gametime.co has them starting at $56.... good app/site for the ticket price, but they slaughter you in fees. We got $28/club level last week but paid like $35 in fees.
 
WanderFranco said:
My last game in person was the UNC debacle when they rushed for 12,000 yards.
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My last 5 home games we are 1-4 and some of the ugliest losses I've ever seen as a Cane fan:
UNC 2020 - 62 points, 778 yards, 554 on the ground
App State 2021 - Almost lost if we didn't hit that FG at the end of the game. Ugly.
Michigan State 2021 - Ugly L
Duke 2022 - Ugly L, TVD injured. **** talked by Duke fans and then lost $600 at the casino that night
FSU 2022 - Dominated start to end. Team quit after a PI 2 min into the game

Was also at VT, UVA, and Clemson last year. 2-1 but the 2 ugliest wins I can remember in the last decade and an ugly loss.

Needless to say I'm not going again any time soon.

My grandfather literally allocated money in a trust for my dad (now me and my wife) to purchase 4 season tickets per year until the money runs out. I struggled selling the bundle for less than 50% of the face value this year - with Clemson and A&M on the home slate.
 
Cane44 said:
gametime.co has them starting at $56.... good app/site for the ticket price, but they slaughter you in fees. We got $28/club level last week but paid like $35 in fees.
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That's a money site during NBA season. The little flash-deals and stuff they do. Got some good Heat seats on there at very good prices even after the exorbitant fees.
 
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305_separatist said:
Congrats that you took Econ 101.

While there’s always super fans with *relatively* inelastic demand, that’s going to be a minority of most fans. Especially in Miami.

Folks of modest income, casual fans, fair weather fans, and just regular normal people are going to have pretty elastic demand I.e. they are sensitive to pricing. Whether a ticket is $50, or $200, makes a big difference if they can even afford it, or are willing to pay it even if they technically can. Imagine the difference for a family of 4-6, it’s huge.

Now unless you’re suggesting that 100% of fan demand is actually completely inelastic, as if attending a game is on par with needing clean drinking water, then of course higher prices are going to lead to less demand my guy. Especially in *Miami*, where there’s plenty of other things to do on the weekend, aka a high opportunity costs (Econ 101 again) compared to some random college town, which we can expect to highly impact elasticity.

Here’s a good blog post that applies the concept to the NFL and CFB, and draws the conclusion that CFB is much more inelastic *relative* to the NFL. I find that probably true in aggregate, but in the specific case of UM I think they’re gonna be much more on par elasticity wise with a professional team in big city markets, and we can see similar at USC etc.

Again, we just have to look at all the available tickets this week, the ones seemingly on discount in the secondary markets, and the BOGO deal now to observe that the ticket office misjudged price elasticity and over priced the tickets for this game.
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Just a bunch of words with speculation and guesses. Our attendance history shows general price inelasticity. Lowering ticket prices will not result in any kind of significant increased attendance. The product on the field is going to make the difference.

I’m not defending whatever model they used, or whatever their strategy was prior to the season. But that’s all irrelevant now.

The only thing that’s important is what will be the impact of significantly reducing ticket prices now. And no one has made a convincing argument that it would have any kind of significant impact.

Therefore, outright reducing ticket prices now makes no sense. Yes they’re scrambling with a BOGO and all that, but that has more to do with the lack of excitement for this upcoming game. If we had gone 9–3 last year, we wouldn’t be having this conversation.

Additionally, if the opponent was a little higher profile than ATM we probably wouldn’t be having this conversation either. ATM is not some blue blood big draw program in case you hadn’t noticed. They don’t get much traction in south Florida.

* and yes, I took economics in undergrad, I also took more economic courses in graduate school…
 
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OriginalCanesCanesCanes said:
Just a bunch of words with speculation and guesses. Our attendance history shows general price inelasticity. Lowering ticket prices will not result in any kind of significant increased attendance. The product on the field is going to make the difference.

I’m not defending whatever model they used, or whatever their strategy was prior to the season. But that’s all irrelevant now.

The only thing that’s important is what will be the impact of significantly reducing ticket prices now. And no one has made a convincing argument that it would have any kind of significant impact.

Therefore, outright reducing ticket prices now makes no sense. Yes they’re scrambling with a BOGO and all that, but that has more to do with the lack of excitement for this upcoming game. If we had gone 9–3 last year, we wouldn’t be having this conversation.

Additionally, if the opponent was a little higher profile than ATM we probably wouldn’t be having this conversation either. ATM is not some blue blood big draw program in case you hadn’t noticed. They don’t get much traction in south Florida.

* and yes, I took economics in undergrad, I also took more economic courses in graduate school…
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Of course the product on the field is a big factor, but that’s not mutually exclusive with price not also being a factor. That’s not speculation, it’s basic a priori reasoning.

All you have to do is ask would the stadium be full on Saturday if all tickets were 100% free? Of course it would be, I don’t think anyone can have any doubt on that, even with this product. That means at some price point between free and what the prices are now, that would stop being the case. That point of maximum ticket price for maximum attendance may differ from the point of maximum profit for the university on the supply/demand slope but that’s neither here nor there.

Nothing much anyone can do now, but if they hadn’t priced it so high to begin with we would absolutely have seen more seats purchased by now. Better on field product can demand a higher price, and we’re not there yet.
 
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305_separatist said:
Of course the product on the field is a big factor, but that’s not mutually exclusive with price not also being a factor. That’s not speculation, it’s basic a priori reasoning.

All you have to do is ask would the stadium be full on Saturday if all tickets were 100% free? Of course it would be, I don’t think anyone can have any doubt on that, even with this product. That means at some price point between free and what the prices are now, that would stop being the case. That point of maximum ticket price for maximum attendance may differ from the point of maximum profit for the university on the supply/demand slope but that’s neither here nor there.

Nothing much anyone can do now, but if they hadn’t priced it so high to begin with we would absolutely have seen more seats purchased by now. Better on field product can demand a higher price, and we’re not there yet.
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You’re not following. Price isn’t enough of a factor to increase attendance significantly under the current circumstances and that’s the only thing that’s important. You can come up with as many imaginary scenarios as you want, but we’re dealing with real world here.
 
OriginalCanesCanesCanes said:
Do yourself a favor and brush up on the law of supply and demand, and while you’re at it, look into price elasticity.
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Bingo.

Supply and demand at equilibrium is at perfect competition in an open market. That doesn't apply here. This is basically a monopolistic environment (school is the source of all ticket sales in this example - secondary markets are typically priced higher than the primary in ticket sales anyway but main source still the school). Another factor here is the perceived value of the product provided by the monopoly is poor.

Monopolies don't price at the equilibrium. They don't follow a supply and demand curve. There is no substitute if we're talking about a Miami fan that wants to watch a Miami game. The substituting option is stay home and watch and pay nothing. There is demand at a lower price that the provider is not trying to meet.

Price elasticity and marginal cost/marginal revenue are the metrics that the school are looking at.. basically meaning they're only worried about the profit and not the type of environment we can have at the game. The number of fans in the stands are not their priority. If they meet the consumers at the price they're willing to pay, the increased demand at the lower price doesn't exceed the revenue compared to the lower demand at higher prices.
 
JayCane20 said:
My last 5 home games we are 1-4 and some of the ugliest losses I've ever seen as a Cane fan:
UNC 2020 - 62 points, 778 yards, 554 on the ground
App State 2021 - Almost lost if we didn't hit that FG at the end of the game. Ugly.
Michigan State 2021 - Ugly L
Duke 2022 - Ugly L, TVD injured. **** talked by Duke fans and then lost $600 at the casino that night
FSU 2022 - Dominated start to end. Team quit after a PI 2 min into the game

Was also at VT, UVA, and Clemson last year. 2-1 but the 2 ugliest wins I can remember in the last decade and an ugly loss.

Needless to say I'm not going again any time soon.

My grandfather literally allocated money in a trust for my dad (now me and my wife) to purchase 4 season tickets per year until the money runs out. I struggled selling the bundle for less than 50% of the face value this year - with Clemson and A&M on the home slate.
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What'd you play at the casino? Blackjack?
 
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