Ticket prices vs A&M

[Pentagon Cane]

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.

I fly down for 3 or 4 games a year now that my son graduated. I could not give away 2 seats last week for free.

 

[Geddy Lee]

Black jack until they got me drunk and I thought I could play poker. I think $350 on black jack, $200 at the poker table, and the last $50 on roulette. Something like that. Maybe a few slots mixed in.

I know a little about a lot and a lot about nothing at the casino. Bad formula.

That’s why I stick with video poker and roulette. Mainly video poker. Just post up at the bar, drink, and play.

 

[hoops156]

I fly down for 3 or 4 games a year now that my son graduated. I could not give away 2 seats last week for free.

this has been the case for years. there isnt enough interest anymore even when its free. need to start winning again

 

[hoops156]

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.

they just want tickets sold at a higher price even it means less overall numbers (but more money made). resellers have no impact on them bc they bought tickets at the higher price initially.

 

[FrankSmokesDank]

If they could figure out how to get a stadium on campus it would solve many issues. I know most of yous guys have been screaming that at the clouds for years.

Students & Alumni will be more apt to go to the games & the tailgate atmospheres will be better. I know alumni that go to games at PSJoePaKnew just to party and be back around campus and see their buddies reliving the glory days. Although Ive never been to a game at UM, Id have to think the currently location is boxing out of thousands of fans that would be there weekly.

Is Miami really that much of a front running city? Obviously there is a lot more to down there then from where my Coal Cracking *** is from, but god**** PSJoePaKnew has like 91k season ticket holders and years onwait to even be considered to get season tix. I see these videos and stuff of the Orange Bowl which was way before my time and it looks like fans are on top pf each other , what happened ?

 

[skydogcane6]

If there were 50-55k at the Miami Ohio game you can bet there will be 70-75k at this game. 55k for Miami of Ohio is impressive.

If they could figure out how to get a stadium on campus it would solve many issues. I know most of yous guys have been screaming that at the clouds for years.

Students & Alumni will be more apt to go to the games & the tailgate atmospheres will be better. I know alumni that go to games at PSJoePaKnew just to party and be back around campus and see their buddies reliving the glory days. Although Ive never been to a game at UM, Id have to think the currently location is boxing out of thousands of fans that would be there weekly.

Is Miami really that much of a front running city? Obviously there is a lot more to down there then from where my Coal Cracking *** is from, but god**** PSJoePaKnew has like 91k season ticket holders and years onwait to even be considered to get season tix. I see these videos and stuff of the Orange Bowl which was way before my time and it looks like fans are on top pf each other , what happened ?

Unless you’ve lived down here, you really can’t grasp it. It’s just different. I’m not saying it’s better or worse, because Miami can offer amazing things that other places can’t. But it’s just different. It’s a different culture

 

[JHallCanes]

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.

This is 100% facts

I agree that in general, those that wanna go, are already going

 

[clg003]

Don't bother. Certain individuals will defend every decision the school makes, no matter if they're good or bad, and they'll attack you just for stating the obvious.

I have an economics degree from Yale, but you don't need that to understand that if you lower ticket prices, you'll sell more of them.

If he has any point at all (and I may be giving too much credit), its that you may be able to maximize revenue with higher prices, even if you don't sell out. Again, you don't need to be especially smart to figure that out... selling on thing to one person for a million dollars is more than selling 10 of them to 10 people for $100 each.

But for those of us not on Miami's payroll, who gives a **** about the revenue math? I want to see a packed house and a loud atmosphere, which will help us recruit and maybe help us win the game by increasing our home field advantage. I could care less if the pricing guy at the ticket office makes his annual bonus for hitting a revenue target. I'm in it to watch the football, and a packed house is a better product.

So from that perspective, yes. Lower the **** price.

Yeah I bailed out... tried to stay kosher.

Butts in the seat make you more money than just ticket prices. Atlanta lowered their concession prices big time and revenues went up. Its entertainment competition in Miami whereas in other towns its supporting you team no matter what. They need to start thinking outside the box and stop acting like its Athens. Build up the demand and then raise the prices and gauge what it does for sales and adjust. The BOGO is a good start but that comes with to much of a commitment for many. Those GT tickets we be resold for pennies.

The biggest issue I see is that the schools tickets are not selling because there way overpriced for the market. I see lower bowl sections where there are 8 seats in a row empty. 6 of them are sold by the school and 2 are resellers. Scratch that.. I just checked again... The resellers are gone but the school still have their 6 tickets. Row 7 section 148. The school wants 475 a piece and the resellers had them yesterday at 200. I agree though it ain't rocket surgery. Build the product and reap the benefits. Not the other way around.

 

[clg003]

The $675 tickets must be home side 35 yd line type seats b/c you can get club level tickets for the whole season for $675 in other locations.

Section 244.

 

[b caned]

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.

So the athletic department cares enough to build a multi million dollar facility on campus but doesn’t care enough about a big factor that helps fill that facility with grade A talent? This is the problem with Miami…. The left hand doesn’t jive with the right hand. Kids/recruits talk. And social media will be ablaze when there’s empty seats all over all with a large contingent of A&M fans.

They keep this attitude up and more people are going to walk away like you’ve done. I’m on the fence already after moving to Atlanta. I’ll be there this weekend but if I’m underwhelmed by the atmosphere, I’ll save my time and just attend away games where I get the feels I’m looking for.

Is what it is I guess. I’ll always pull for the Canes but **** do they make investing so much energy in it more difficult by the day. And once us diehards fall off…. It’s gonna get ugly.

 

[clg003]

I appreciate the fact that you have to fly to watch a game but the statement "I'm not flying in for nose bleeds" is the perfect embodiment of this team's fanbase. I've flown to watch a lot of Miami away games and if I decide to go I just want to be in the building. I don't care where I sit. And I've paid $100 to sit in nose bleeds.

And I promise you Miami isn't going from 40,000 fans to 65,000 fans because 25,000 people flew in. I'm a season ticker holder and I sit around Miami season ticket holders. Some of these people show up for 1 or 2 games a year because they treat it as a Saturday event, not something they can't miss. They're doctors and lawyers and care when they're in the seats but don't care if they miss it either. And these are Miami grads. The rest of the stadium gets filled by people who tell you they're Miami fans, believe they're Miami fans, but don't watch the games unless the team is good. On Wednesday they'll have a friend who decides to go to the game because they think it'll be fun and get a text saying, "going to the UM game Saturday. Wanna go?", and they'll say, "sure". No idea, no plans, until a few days before the game. Those people are EVERYWHERE down here. When Miami is good those texts go out a lot more.

We have about:
-25,000 people who won't miss a game unless things are really bad
-10,000 people who will go to most games
-10,000 people who will go to most games if we have a good year
-10,000 people who will go to games if we're really good
-10,000 people who only go to big games when we're really good

Yeah sorry dude but Miami is the second most visited city in the states, It's a monster tourism market and sports tourism is huge. If you're in the entertainment industry in Miami and your not going after those dollars your going to fail. The locals have already made it perfectly clear they are not going to support the team thru thick and thin.

When we lived there we had season tickets as well... all the way back to OB. But now I get to choose what games I go to. I go on the road and go to Miami. But I am not flying for nose bleeds when I can fly in for good seats at other games.

 

[OriginalCanesCanesCanes]

I fly down for 3 or 4 games a year now that my son graduated. I could not give away 2 seats last week for free.

The kind of demand you and I would love to see, is just simply not going to be there until there’s a comfort level among potential customers that they’re going to get a good product.

Now I live down here, and I will go always, because I want to support the program, but I have to tell you last year was tough for me, and I left early several games.

I know plenty of people that have cut back.

 

[miamihurricane34]

How does the parking work now that they got rid of most of it? I used to love tailgating in the orange lot before they wrecked it.

 

[ssvir]

How does the parking work now that they got rid of most of it? I used to love tailgating in the orange lot before they wrecked it.

They didn't get rid of "most" of the parking. Not sure why everyone keeps parroting that ridiculous narrative. They also reduced seating capacity so the parking "losses" are basically offset.

Near gate 4 the tennis courts took some parking away and near black south they have some F1 garages which UM has turned into a pretty sick recruiting pre-game area.

 

[Coach Macho]

Macho's dating a girl with season tickets to the Canes and Fins so I'm straight!

See ya there!

 

[PIPO]

I paid THOUSANDS of dollars total to fly a family of five (dog included) from Maryland to Miami for the FSU game last year.

When we got back to our hotel room after the game, my dog was initially wagging his tail as usual, then he looked at our faces and his tail dropped.

In that moment, my dog knew that we may not be back for a while. Lol

I suspect others had a similar story. That was brutal and there were grim faces everywhere while FSU fans danced to the rhythm of the night by Debarge

The tailgate was awesome last year. The first 3 defensive plays were hype and then………..

Yeah…….., apologies to your dog

 

[305_separatist]

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.

Totally besides the point, which is simply that they priced this game absurdly high for both the product on the field and the specific match up, and they most certainly did not correctly select for *either* the point of maximum profit or attendance. If they did they wouldn’t be scrambling with deals now to sweeten the pot.

And while it’s besides the point, while the school does have a monopoly on hurricane games, there are in fact plenty of substitutes for attending the game in south Florida, which any Econ 101 textbook will tell you increases price elasticity for that good.

Clueless as to why there seems to be a fanatical denial in this thread that tickets can in fact be priced too high and hurt both revenue and attendance. Because that’s not “real life”. Huh? Next thing I know you guys are gonna be saying inflation is only 3% lol.

 

[JayCane20]

Totally besides the point, which is simply that they priced this game absurdly high for both the product on the field and the specific match up, and they most certainly did not correctly select for *either* the point of maximum profit or attendance. If they did they wouldn’t be scrambling with deals now to sweeten the pot.

And while it’s besides the point, while the school does have a monopoly on hurricane games, there are in fact plenty of substitutes for attending the game in south Florida, which any Econ 101 textbook will tell you increases price elasticity for that good.

Clueless as to why there seems to be a fanatical denial in this thread that tickets can in fact be priced too high and hurt both revenue and attendance. Because that’s not “real life”. Huh? Next thing I know you guys are gonna be saying inflation is only 3% lol.

I agree they're too high. Their model can be wrong. But that is what they think they're doing... maximizing profit vs trying to get people in seats.

Why these tickets are $125 for upper bowl from the school.. i have no idea. They're barely moving at $70 on secondary sites.

48 hours out from the game they should be half priced or less.

 

[dantheman349]

I agree they're too high. Their model can be wrong. But that is what they think they're doing... maximizing profit vs trying to get people in seats.

Why these tickets are $125 for upper bowl from the school.. i have no idea. They're barely moving at $70 on secondary sites.

48 hours out from the game they should be half priced or less.

Just sold my upper for 70 lol sold the other seat Sunday for 105

 

[Hoyacane1620]

I think there are some excellent, common sense ideas here.