TRADE DEADLINE BONANZA 2017!

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    wprager
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by wprager on Wed May 10, 2017 10:32 pm

    That's what I heard.

    DefenceWinsChampionships
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by DefenceWinsChampionships on Thu May 11, 2017 3:23 pm

    Totally estimating this:

    Revenue:
    Ticket Sales: $250 per ticket x 19,000 people => $4,750,000
    Parking: 8,000 cars x $18 each => $144,000
    Concessions: $40 per person x 19,000=> $760,000
    Total: $5,654,000

    Variable Costs:
    Utilities
    Non-contract staff
    Food costs

    I'd imagine they probably clear at least $2-2.5M per home game

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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Flo The Action on Thu May 11, 2017 4:06 pm

    DefenceWinsChampionships wrote:Totally estimating this:

    Revenue:
    Ticket Sales: $250 per ticket x 19,000 people => $4,750,000
    Parking: 8,000 cars x $18 each => $144,000
    Concessions: $40 per person x 19,000=> $760,000
    Total: $5,654,000

    Variable Costs:
    Utilities
    Non-contract staff
    Food costs

    I'd imagine they probably clear at least $2-2.5M per home game
    Are you averaging those ticket prices between lower and upper bowl?
    I would think the parking and conseesion is a lot less than that. Maybe not. I don't go to games often enough. Consessions aslo means cost of what is being purchased, calculating for a 3X mark up.
    I think a low estimate (judging on you numbers) if we are being realistic would still have us netting 3mill a game.
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    Oglethorpe
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Oglethorpe on Thu May 11, 2017 4:12 pm

    DefenceWinsChampionships wrote:Totally estimating this:

    Revenue:
    Ticket Sales: $250 per ticket x 19,000 people => $4,750,000
    Parking: 8,000 cars x $18 each => $144,000
    Concessions: $40 per person x 19,000=> $760,000
    Total: $5,654,000

    Variable Costs:
    Utilities
    Non-contract staff
    Food costs

    I'd imagine they probably clear at least $2-2.5M per home game
    All your estimates are high.

    3 beer and a hot dog is about 40 but a family of 4 isn't putting back 12 beer.

    I think it's closer to 5000 cars

    Average ticket price for round 3 is under 200.
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    spader
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by spader on Fri May 12, 2017 2:00 am

    Flo The Action wrote:
    wprager wrote:Back in the day they were saying each home playoff game brought in $1M profits. So that's $8M minimum, even if we get swept. And likely more, as they've upped the ticket prices each round.
    Did they up the price on each round? Wow.
    That 1mill was many years ago. I'm sure it's more than that now.

    They should. They have a pretty exclusive product. There are only 4 cities holding NHL games. I'd certainly pay more for conference final tickets than 1st round tickets.
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Flo The Action on Fri May 12, 2017 2:24 am

    spader wrote:
    Flo The Action wrote:
    wprager wrote:Back in the day they were saying each home playoff game brought in $1M profits. So that's $8M minimum, even if we get swept. And likely more, as they've upped the ticket prices each round.
    Did they up the price on each round? Wow.
    That 1mill was many years ago. I'm sure it's more than that now.

    They should. They have a pretty exclusive product. There are only 4 cities holding NHL games. I'd certainly pay more for conference final tickets than 1st round tickets.
    I understand the rational for wanting to sell them that much but at what point does it become price gouging.

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    Re: TRADE DEADLINE BONANZA 2017!

    Post by DefenceWinsChampionships on Fri May 12, 2017 9:03 am

    Oglethorpe wrote:
    DefenceWinsChampionships wrote:Totally estimating this:

    Revenue:
    Ticket Sales: $250 per ticket x 19,000 people => $4,750,000
    Parking: 8,000 cars x $18 each => $144,000
    Concessions: $40 per person x 19,000=> $760,000
    Total: $5,654,000

    Variable Costs:
    Utilities
    Non-contract staff
    Food costs

    I'd imagine they probably clear at least $2-2.5M per home game
    All your estimates are high.

    3 beer and a hot dog is about 40 but a family of 4 isn't putting back 12 beer.

    I think it's closer to 5000 cars

    Average ticket price for round 3 is under 200.

    You think it's high? It may be but it's not including any restaurant revenue, merchandising, etc. Parking doesn't include valet or any of the expensive lots, and ticket prices doesn't include boxes, bell zone, etc. Maybe concession prices are high. That's fair. But even if that's 25-30 a person it's still roughly $400K in revenue.

    Fact is, I think it's safe to assume they pull in close to $2M profit a game.

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    Re: TRADE DEADLINE BONANZA 2017!

    Post by DefenceWinsChampionships on Fri May 12, 2017 9:09 am

    Flo The Action wrote:
    spader wrote:
    Flo The Action wrote:
    wprager wrote:Back in the day they were saying each home playoff game brought in $1M profits. So that's $8M minimum, even if we get swept. And likely more, as they've upped the ticket prices each round.
    Did they up the price on each round? Wow.
    That 1mill was many years ago. I'm sure it's more than that now.

    They should. They have a pretty exclusive product. There are only 4 cities holding NHL games. I'd certainly pay more for conference final tickets than 1st round tickets.
    I understand the rational for wanting to sell them that much but at what point does it become price gouging.

    It's economics. Supply vs Demand. Demand increases, price increases. They just have to be careful that they don't exceed their equilibrium price which in my opinion is why we are not selling out. Prices and cost of going to the game is exceeding the cost that consumers are willing to pay.

    But the 'casual' bandwagon fans pay these prices. A co-worker of mine is buying two tickets in 305 row E for $450 CAD. Add on parking, food, beer, etc and their night is going to cost over $500. To me I'd much rather spend $150 of that at a bar and put the other $350 towards something else. But - if tickets were $150 each I'd maybe make the argument that it's money well spent. But $450 for two tickets in the 300s is ludicrous.

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    Re: TRADE DEADLINE BONANZA 2017!

    Post by DefenceWinsChampionships on Fri May 12, 2017 9:13 am

    DefenceWinsChampionships wrote:
    Flo The Action wrote:
    spader wrote:
    Flo The Action wrote:
    wprager wrote:Back in the day they were saying each home playoff game brought in $1M profits. So that's $8M minimum, even if we get swept. And likely more, as they've upped the ticket prices each round.
    Did they up the price on each round? Wow.
    That 1mill was many years ago. I'm sure it's more than that now.

    They should. They have a pretty exclusive product. There are only 4 cities holding NHL games. I'd certainly pay more for conference final tickets than 1st round tickets.
    I understand the rational for wanting to sell them that much but at what point does it become price gouging.

    It's economics. Supply vs Demand. Demand increases, price increases. They just have to be careful that they don't exceed their equilibrium price which in my opinion is why we are not selling out. Prices and cost of going to the game is exceeding the cost that consumers are willing to pay.

    But the 'casual' bandwagon fans pay these prices. A co-worker of mine is buying two tickets in 305 row E for $450 CAD. Add on parking, food, beer, etc and their night is going to cost over $500. To me I'd much rather spend $150 of that at a bar and put the other $350 towards something else. But - if tickets were $150 each I'd maybe make the argument that it's money well spent. But $450 for two tickets in the 300s is ludicrous.

    I do think that Melnyk has a lot of incompetent people in his front office. Mostly on the sales and marketing side. Again, it's simple math to assess where the price equilibrium point is, the marketing team needs to do a better job creating hype both in the arena and around the city, and the in-game experience leaves something to be desired. Hell, we don't even have a goal song and we play Cotton Eye Joe every third whistle. There's no reason for that.
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Ev on Fri May 12, 2017 9:16 am

    I'm sorry but anyone complaining about prices going up by a lot is nuts. same thing in every other city . Everyone should have bought a pack for next year to get super discounted playoff tickets. Round 1 cost me $30, round 2 cost me $65 (front row 300) and round 3 is $116 for 200 level corner

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    Re: TRADE DEADLINE BONANZA 2017!

    Post by DefenceWinsChampionships on Fri May 12, 2017 9:27 am

    Ev wrote:I'm sorry but anyone complaining about prices going up by a lot is nuts. same thing in every other city . Everyone should have bought a pack for next year to get super discounted playoff tickets. Round 1 cost me $30, round 2 cost me $65 (front row 300) and round 3 is $116 for 200 level corner

    I don't think anyone here is 'complaining'. It's the reality of the business. Team does well and you want to go to a late playoff game you are going to pay for it. End of story.
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Flo The Action on Fri May 12, 2017 11:07 am

    Well I think the prices are fairly high if that's what they are for the 300's . Ev, you did pretty good if that's the deals you got. Unfortunately I don't live in the city so if I came down it be walk in prices and I can't see myself paying those prices at the moment. Maybe next year.

    I understand the S&D equilibrium but even if does get matched with numbers it will still leave a section of fans that was only was able to pay lower prices feeling a little bitter about the huge hikes. What's the lowest possible prices to watch the games right now?

    EDIT: just checked, 120$ seems like the lowest tickets. That's still somewhat ok.


    Last edited by Flo The Action on Fri May 12, 2017 11:09 am; edited 1 time in total
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    Ev
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Ev on Fri May 12, 2017 11:09 am

    Flo The Action wrote:Well I think the prices are fairly high if that's what they are for the 300's . Ev, you did pretty good if that's the deals you got. Unfortunately I don't live in the city so if I came down it be walk in prices and I can't see myself paying those prices at the moment. Maybe next year.

    I understand the S&D equilibrium but even if does get matched with numbers it will still leave a section of fans that was only was able to pay lower prices feeling a little bitter about the huge hikes. What's the lowest possible prices to watch the games right now?

    300s are around 130. That is not high for Round 3 of the playoffs.
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by Flo The Action on Fri May 12, 2017 11:10 am

    Ev wrote:
    Flo The Action wrote:Well I think the prices are fairly high if that's what they are for the 300's . Ev, you did pretty good if that's the deals you got. Unfortunately I don't live in the city so if I came down it be walk in prices and I can't see myself paying those prices at the moment. Maybe next year.

    I understand the S&D equilibrium but even if does get matched with numbers it will still leave a section of fans that was only was able to pay lower prices feeling a little bitter about the huge hikes. What's the lowest possible prices to watch the games right now?

    300s are around 130. That is not high for Round 3 of the playoffs.
    Yeah that's decent.
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    Re: TRADE DEADLINE BONANZA 2017!

    Post by tim1_2 on Fri May 12, 2017 11:29 am

    The prices in Ottawa are nothing to complain about when you compare them with other teams. It's still an expensive evening out, but you can't say they are "overpriced" or whatever.

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