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VGK Ticket Price Outrage
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00:00:05
area were alive.
00:00:07
Um, give it a second.
00:00:10
Here.
00:00:11
Um, wanna talk a little bit about Vegas? Cool the knights and their ticket situation.
00:00:18
Right now, you can't seem to go anywhere online without seeing somebody complaining about the price of tickets for the Golden Knights this year.
00:00:25
I kind of want to get into it probably five or 10 minutes long talking about the Golden Knights ticket situation.
00:00:33
So looking around.
00:00:36
LV sports biz dot com had a great article on this a couple of days away, talking about how the cheapest ticket available to a gold Tonight's game was $215 per ticket to the season opener against the San Jose Sharks.
00:00:50
These are in the corner, way up top nosebleed section.
00:00:55
You've got a nice thread Facebook thread there, you know that They're showing on here and you know too high upper level season tickets or 40 to $60 Yet they sell them for 100 to $200 or more first season, which quite a few days now we will have to watch from home other people talking about supply and demand and capitalism and all that.
00:01:20
They are not wrong.
00:01:21
other people saying, I can't wait for the Golden Knights to lose so the ticket prices can't decrease.
00:01:28
While that is a novel concept, that is not necessarily how all this works.
00:01:34
As we know supply and demand.
00:01:36
Just wait till the Raiders come here in Las Vegas tickets.
00:01:39
They're gonna be outrageous there.
00:01:40
I feel like a moron for not picking up season tickets for them.
00:01:44
Probably a little bit scared, because what has happened in San Francisco? The 40 Niners got a new stadium.
00:01:50
They weren't winning, and you could get tickets for 16 bucks to a game and people with the season tickets were forced to pay.
00:01:58
The PS sells those seat licenses as well, so they were making no money.
00:02:03
I should ticket prices be a form of income to those that buy season tickets.
00:02:11
I don't think anybody should count on that.
00:02:13
Unfortunately, that is all the Vegas Golden Knights have known.
00:02:17
Here's kind of the history.
00:02:19
I went to the first ever home game for the Golden Knights.
00:02:22
Not being a season ticket holder are wife and I paid $47 a ticket to go to the very first home game in the history of the Golden Knights just two years ago history, you would think people would want to pay a lot of money.
00:02:34
That wasn't the case. Golden.
00:02:36
I'd started winning.
00:02:37
They started winning Maur.
00:02:38
We went to again the following game against the Detroit Red Wings or second ever home game.
00:02:43
I think we paid 50 or 55 a ticket.
00:02:46
By December of that year, tickets could not be had for any less than 102 $150.
00:02:52
It has only gone up there since, as I just mentioned the cheapest ticket for the Golden at home opener this year against the San Jose Sharks, who have quickly become the number one rival of the Golden Knights.
00:03:05
210 2 $115 for the cheapest price on the secondary market.
00:03:10
Now, where all this outrageous coming from is very simple.
00:03:14
The Golden Knights released very reasonable ticket prices to people after the season.
00:03:21
Ticket holders and the partial season ticket holders have gotten their money because they didn't know what the market was going to be.
00:03:27
Then last year, we had the story about the Golden Knights kicking off people from their season ticket Um, program because they were selling their games.
00:03:38
Season ticket holders were making a mint the end of the first year and in the through last year, by selling games they were paying for their entire season in a matter off maybe 1/4 of a season of games they were paying for their seasons their entire season tickets.
00:03:55
The Golden Knights are not dumb.
00:03:57
That is number one.
00:03:58
They're looking at the secondary market in the secondary market for the Golden Knights.
00:04:02
Last year, they ended up having the second highest ticket prices in all, the NHL, second only to Toronto.
00:04:10
They had also, I think there's 1/3 of the fourth highest incapacity.
00:04:15
104.
00:04:16
3% capacity showed up to the games for the Golden Knights.
00:04:20
Golden Knights.
00:04:21
Take a look at the secondary market.
00:04:23
They know what people are paying on the secondary market for these tickets.
00:04:26
Secondary market being the Ticketmaster's, the tick pick, Seatgeek, all that sort of thing.
00:04:31
When a season ticket holder asked ticket, they put it on one of these secondary ticket markets, and then people pay for well the season ticket holders were putting these ridiculous ticket prices on the secondary market and figuring that the price would go down closer to game time.
00:04:51
But they just throw him out there for, ah, large amount.
00:04:53
Well, guess what? People bought them at that large amount because they wanted to go to a game.
00:04:59
The Golden Knights being who they are, saw what people were paying on the secondary market and decided instead of offering cheaper tickets, they're just gonna charge what people were willing to buy.
00:05:09
So instead of the season ticket holders making all the money, the Golden Knights are gonna be the ones making that extra revenue.
00:05:16
Sure, there's gonna be people selling on the secondary market.
00:05:18
I think that's on Lee.
00:05:21
The way the market works, the Golden Knights only have so many tickets to sell.
00:05:25
However, if you're going to purchase from an approved vendor, be prepared to pay a lot.
00:05:30
And that's not even including the fees attached to these tickets.
00:05:35
The fees are generally priced out at a percentage of whatever the cost of the ticket is.
00:05:40
So the higher the ticket, the more the fees are, Which means the more your final bill is gonna be, and that is exactly what has happened this year. The Golden Knights.
00:05:49
I mean, there are some decent seats now you can't find for less than 303 $150 a game.
00:05:55
And while the ticket prices could go down at the Golden Knights decided to start losing.
00:05:59
There are enough people.
00:06:00
This still a novelty for a lot of people here.
00:06:04
You know that practices sell out.
00:06:07
You need a wristband to get in there sometimes.
00:06:08
Because so many people want to check out a practice on a Thursday morning.
00:06:12
You know, right before a game these practices are free to be able to go to.
00:06:16
And so a couple of Facebook comments here Does Vegas have a high? It'd highest ticket prices in the world.
00:06:24
W T f um, so there.
00:06:29
And then they're looking at this thing.
00:06:31
Yeah, the Golden Knights average last year $174.
00:06:37
These are the prices that people paid on the secondary market.
00:06:39
Second or third.
00:06:40
Excuse me.
00:06:41
30 Li no second in the entire league.
00:06:43
Yeah, second only to Toronto.
00:06:46
So I did have that information correct.
00:06:48
$500 for the worst seats for two people is outrageous when it's free on TV.
00:06:54
Um, And then somebody says, Yep, the casinos are willing to pay anything just to give him away.
00:06:59
Just shut up, man.
00:07:00
If you don't know what you're talking about, don't say that is not true that casinos do not buy these tickets.
00:07:08
Um, we could suck and half cheaper.
00:07:11
Prices.
00:07:13
301st row upper bowl in Toronto's least first depends on a Saturday night.
00:07:18
Only tickets you can find.
00:07:20
The team is good.
00:07:21
Ticket prices are higher.
00:07:22
I think this just highlights the point that I'm trying to make.
00:07:26
And it's not just the fact that the Golden Knights are a good team.
00:07:30
It's not just the fact that the Vegas Vegas isn't a tourist destination and people are going to be willing to pay those prices coming in from out of town to cheer their teams.
00:07:39
This is a destination city, more so than a place like Minneapolis or um, you know Seattle.
00:07:47
I don't think it's going to have that advantage either.
00:07:49
So the outrage is there.
00:07:51
I understand why you're upset that you paid X amount for your tickets last year.
00:07:56
This year you're gonna have to pay so much.
00:07:58
Suck it up, buttercup, because Vegas is a different kind of market in a different kind of city, and people are willing to pay higher prices for those tickets.
00:08:06
I do not see ticket prices declining even when the team is not as good as they have been the last few years.
00:08:13
I actually think more people from out of town are gonna be able to purchase those tickets.
00:08:17
This is what you get season ticket holders for trying to make this much money as you can.
00:08:21
Those first few years to Vegas school, the nights are on to you, and they just decided to play your own game, making those tickets way more expensive at the same time.
00:08:31
So now season ticket holders can't make the same kind of profits that they did because, you know, the Vegas school tonight's were in that game to at the end of the day, this is the Vegas school. Tonight's business.
00:08:43
They should be allowed to profit off it, not the season ticket holders.
00:08:47
That being said, they will still make the money that they want.
00:08:50
Well, they'll make some money just not nearly as much as they want.
00:08:55
So there you go, man.
00:08:56
Golden Knights ticket outrage.
00:08:58
It's not going to stop any time soon.
00:08:59
Check any of the Vegas Golden Knights pages to see just exactly what people are talking about because it is not stopping.
00:09:09
I just had to get online to talk about you guys. Take care.
00:09:12
I was gonna do, uh, a quick story about the U.
00:09:15
S.
00:09:16
Women's national team until I realized that story was two years old.
00:09:18
So I guess we're not going to talk about that.
00:09:21
In any case, I will be back shortly with more Vegas school.
00:09:24
Tonight's news, perhaps talking a little bit about the Angels and their drop off since going really, really strong there with an opportunity to make the playoffs, That is no longer the case.
00:09:34
All right, guys, take care of that.
James Scouten @JamesandPaulyG

Transcript hideup

00:00:05
area were alive.
00:00:07
Um, give it a second.
00:00:10
Here.
00:00:11
Um, wanna talk a little bit about Vegas? Cool the knights and their ticket situation.
00:00:18
Right now, you can't seem to go anywhere online without seeing somebody complaining about the price of tickets for the Golden Knights this year.
00:00:25
I kind of want to get into it probably five or 10 minutes long talking about the Golden Knights ticket situation.
00:00:33
So looking around.
00:00:36
LV sports biz dot com had a great article on this a couple of days away, talking about how the cheapest ticket available to a gold Tonight's game was $215 per ticket to the season opener against the San Jose Sharks.
00:00:50
These are in the corner, way up top nosebleed section.
00:00:55
You've got a nice thread Facebook thread there, you know that They're showing on here and you know too high upper level season tickets or 40 to $60 Yet they sell them for 100 to $200 or more first season, which quite a few days now we will have to watch from home other people talking about supply and demand and capitalism and all that.
00:01:20
They are not wrong.
00:01:21
other people saying, I can't wait for the Golden Knights to lose so the ticket prices can't decrease.
00:01:28
While that is a novel concept, that is not necessarily how all this works.
00:01:34
As we know supply and demand.
00:01:36
Just wait till the Raiders come here in Las Vegas tickets.
00:01:39
They're gonna be outrageous there.
00:01:40
I feel like a moron for not picking up season tickets for them.
00:01:44
Probably a little bit scared, because what has happened in San Francisco? The 40 Niners got a new stadium.
00:01:50
They weren't winning, and you could get tickets for 16 bucks to a game and people with the season tickets were forced to pay.
00:01:58
The PS sells those seat licenses as well, so they were making no money.
00:02:03
I should ticket prices be a form of income to those that buy season tickets.
00:02:11
I don't think anybody should count on that.
00:02:13
Unfortunately, that is all the Vegas Golden Knights have known.
00:02:17
Here's kind of the history.
00:02:19
I went to the first ever home game for the Golden Knights.
00:02:22
Not being a season ticket holder are wife and I paid $47 a ticket to go to the very first home game in the history of the Golden Knights just two years ago history, you would think people would want to pay a lot of money.
00:02:34
That wasn't the case. Golden.
00:02:36
I'd started winning.
00:02:37
They started winning Maur.
00:02:38
We went to again the following game against the Detroit Red Wings or second ever home game.
00:02:43
I think we paid 50 or 55 a ticket.
00:02:46
By December of that year, tickets could not be had for any less than 102 $150.
00:02:52
It has only gone up there since, as I just mentioned the cheapest ticket for the Golden at home opener this year against the San Jose Sharks, who have quickly become the number one rival of the Golden Knights.
00:03:05
210 2 $115 for the cheapest price on the secondary market.
00:03:10
Now, where all this outrageous coming from is very simple.
00:03:14
The Golden Knights released very reasonable ticket prices to people after the season.
00:03:21
Ticket holders and the partial season ticket holders have gotten their money because they didn't know what the market was going to be.
00:03:27
Then last year, we had the story about the Golden Knights kicking off people from their season ticket Um, program because they were selling their games.
00:03:38
Season ticket holders were making a mint the end of the first year and in the through last year, by selling games they were paying for their entire season in a matter off maybe 1/4 of a season of games they were paying for their seasons their entire season tickets.
00:03:55
The Golden Knights are not dumb.
00:03:57
That is number one.
00:03:58
They're looking at the secondary market in the secondary market for the Golden Knights.
00:04:02
Last year, they ended up having the second highest ticket prices in all, the NHL, second only to Toronto.
00:04:10
They had also, I think there's 1/3 of the fourth highest incapacity.
00:04:15
104.
00:04:16
3% capacity showed up to the games for the Golden Knights.
00:04:20
Golden Knights.
00:04:21
Take a look at the secondary market.
00:04:23
They know what people are paying on the secondary market for these tickets.
00:04:26
Secondary market being the Ticketmaster's, the tick pick, Seatgeek, all that sort of thing.
00:04:31
When a season ticket holder asked ticket, they put it on one of these secondary ticket markets, and then people pay for well the season ticket holders were putting these ridiculous ticket prices on the secondary market and figuring that the price would go down closer to game time.
00:04:51
But they just throw him out there for, ah, large amount.
00:04:53
Well, guess what? People bought them at that large amount because they wanted to go to a game.
00:04:59
The Golden Knights being who they are, saw what people were paying on the secondary market and decided instead of offering cheaper tickets, they're just gonna charge what people were willing to buy.
00:05:09
So instead of the season ticket holders making all the money, the Golden Knights are gonna be the ones making that extra revenue.
00:05:16
Sure, there's gonna be people selling on the secondary market.
00:05:18
I think that's on Lee.
00:05:21
The way the market works, the Golden Knights only have so many tickets to sell.
00:05:25
However, if you're going to purchase from an approved vendor, be prepared to pay a lot.
00:05:30
And that's not even including the fees attached to these tickets.
00:05:35
The fees are generally priced out at a percentage of whatever the cost of the ticket is.
00:05:40
So the higher the ticket, the more the fees are, Which means the more your final bill is gonna be, and that is exactly what has happened this year. The Golden Knights.
00:05:49
I mean, there are some decent seats now you can't find for less than 303 $150 a game.
00:05:55
And while the ticket prices could go down at the Golden Knights decided to start losing.
00:05:59
There are enough people.
00:06:00
This still a novelty for a lot of people here.
00:06:04
You know that practices sell out.
00:06:07
You need a wristband to get in there sometimes.
00:06:08
Because so many people want to check out a practice on a Thursday morning.
00:06:12
You know, right before a game these practices are free to be able to go to.
00:06:16
And so a couple of Facebook comments here Does Vegas have a high? It'd highest ticket prices in the world.
00:06:24
W T f um, so there.
00:06:29
And then they're looking at this thing.
00:06:31
Yeah, the Golden Knights average last year $174.
00:06:37
These are the prices that people paid on the secondary market.
00:06:39
Second or third.
00:06:40
Excuse me.
00:06:41
30 Li no second in the entire league.
00:06:43
Yeah, second only to Toronto.
00:06:46
So I did have that information correct.
00:06:48
$500 for the worst seats for two people is outrageous when it's free on TV.
00:06:54
Um, And then somebody says, Yep, the casinos are willing to pay anything just to give him away.
00:06:59
Just shut up, man.
00:07:00
If you don't know what you're talking about, don't say that is not true that casinos do not buy these tickets.
00:07:08
Um, we could suck and half cheaper.
00:07:11
Prices.
00:07:13
301st row upper bowl in Toronto's least first depends on a Saturday night.
00:07:18
Only tickets you can find.
00:07:20
The team is good.
00:07:21
Ticket prices are higher.
00:07:22
I think this just highlights the point that I'm trying to make.
00:07:26
And it's not just the fact that the Golden Knights are a good team.
00:07:30
It's not just the fact that the Vegas Vegas isn't a tourist destination and people are going to be willing to pay those prices coming in from out of town to cheer their teams.
00:07:39
This is a destination city, more so than a place like Minneapolis or um, you know Seattle.
00:07:47
I don't think it's going to have that advantage either.
00:07:49
So the outrage is there.
00:07:51
I understand why you're upset that you paid X amount for your tickets last year.
00:07:56
This year you're gonna have to pay so much.
00:07:58
Suck it up, buttercup, because Vegas is a different kind of market in a different kind of city, and people are willing to pay higher prices for those tickets.
00:08:06
I do not see ticket prices declining even when the team is not as good as they have been the last few years.
00:08:13
I actually think more people from out of town are gonna be able to purchase those tickets.
00:08:17
This is what you get season ticket holders for trying to make this much money as you can.
00:08:21
Those first few years to Vegas school, the nights are on to you, and they just decided to play your own game, making those tickets way more expensive at the same time.
00:08:31
So now season ticket holders can't make the same kind of profits that they did because, you know, the Vegas school tonight's were in that game to at the end of the day, this is the Vegas school. Tonight's business.
00:08:43
They should be allowed to profit off it, not the season ticket holders.
00:08:47
That being said, they will still make the money that they want.
00:08:50
Well, they'll make some money just not nearly as much as they want.
00:08:55
So there you go, man.
00:08:56
Golden Knights ticket outrage.
00:08:58
It's not going to stop any time soon.
00:08:59
Check any of the Vegas Golden Knights pages to see just exactly what people are talking about because it is not stopping.
00:09:09
I just had to get online to talk about you guys. Take care.
00:09:12
I was gonna do, uh, a quick story about the U.
00:09:15
S.
00:09:16
Women's national team until I realized that story was two years old.
00:09:18
So I guess we're not going to talk about that.
00:09:21
In any case, I will be back shortly with more Vegas school.
00:09:24
Tonight's news, perhaps talking a little bit about the Angels and their drop off since going really, really strong there with an opportunity to make the playoffs, That is no longer the case.
00:09:34
All right, guys, take care of that.

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James Scouten @JamesandPaulyG Follow
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