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View Full Version : Heat worth 600 mil, up from 364 mil. Ticket prices up 250%



JordansBulls
07-10-2010, 12:58 PM
Arison also has to be happy as LeBron's signing makes his team one of the NBA's most valuable, worth as much as $600 million, Ganis said. Forbes magazine in December estimated the Heat's value at $364 million.

Where there are winners, however, there must be losers. James' former team, the Cleveland Cavaliers, will lose value, while Madison Square Garden Inc, which owns the New York Knicks, another failed suitor, saw its shares fall 4.6 percent on Friday.

"For the Heat, the value of tickets and sponsorships should rise at least 40 percent now that the walking, talking, free throw-shooting stimulus plan has joined South Florida," said Rick Horrow, a sports lecturer at Harvard Law School.

The widespread attention has sponsors happy.

"With LeBron now a part of the Heat, it will take our return on investment into another orbit," Billy Sanez, director of promotions for American Airlines, said in an email. The company is the title sponsor for the Heat's home arena.

However, any new sponsors will probably pay as much as 30 percent more to align with the Heat, said Jim Andrews, senior vice president with IEG, a unit of advertising company WPP Plc that tracks such spending.

The excitement surrounding the Heat also may prove a boon for the NBA, which generated almost $500 million in sponsorship revenue during the 2009-2010 season, Andrews said.

http://www.forexyard.com/en/news/ANALYSIS-LeBron-signing-adds-heat-to-Miami-team-sponsors-2010-07-09T205857Z


http://www.forbes.com/lists/2009/32/basketball-values-09_NBA-Team-Valuations_Rank.html


The Decision has been made and LeBron James is heading to the Miami Heat. The announcement allowed the team to sell out season tickets for next season enriching Heat owner Micky Arison. You know who else is capitalizing on LeBron going to South Beach? Current Heat season ticket holders. Yesterday Heat season tickets on the resale market were fetching $3,239 on average for the 41-game regular season home schedule according to FanSnap which aggregates search results for dozens of ticket providers. Today season tickets are going for $8,250 for Heat games, a jump of more than 250% in one day.

http://www.bizofbasketball.com/images/HeatTixPostLeBron.jpg


As for those teams spurred by King James, the news on tickets isn't as good. Knicks ticket prices on the resale market are down 18% today after jumping 33% yesterday in anticipation that LeBron might choose New York. The story in Cleveland is much worse. Season tickets are averaging $935 which is about one-third of where they were when LeBron was the star attraction. Season ticket prices for LeBron's other free agent suitors, the Bulls, Nets and Clippers were all flat.

http://www.bizofbasketball.com/images/KnicksTixPostLeBron.jpg

http://blogs.forbes.com/sportsmoney/2010/07/lebron-effect-heat-ticket-prices-up-250/

marlinsfan24
07-10-2010, 12:59 PM
Yay!

BAMF
07-10-2010, 12:59 PM
Douches! :)

fins08
07-10-2010, 01:00 PM
Gonna be more expensive to go to a game, whatever its worth seeing them. Good for Micky, whose gonna pay some luxury tax this year.

gbrl
07-10-2010, 01:00 PM
damn. what where the increases in cleveland when he joined probably aint as much as this

LA_Raiders
07-10-2010, 01:17 PM
There you CHeat enjoy the game...

avrpatsfan
07-10-2010, 01:21 PM
There you CHeat enjoy the game...
:confused:

BronBron06
07-10-2010, 01:23 PM
LOL he's just MAD

Just look at his SIG 81 points yet losing in the 1st round

and GOOD OL' JERRY WEST SAVED his butt by giving his former team a PAu Gasol

h2r09
07-10-2010, 01:23 PM
glad i got my 4 season tickets 18 rows up before they went up.

ldc62
07-10-2010, 01:25 PM
Guess I won't be going to a Heat game this year...... to boo them

97NYer
07-10-2010, 01:29 PM
:laugh:
Guess I won't be going to a Heat game this year...... to boo them

The Raven
07-10-2010, 01:30 PM
Damn thats one hell of a ticket increase. They gonna make a killing this season

shizzle09
07-10-2010, 01:34 PM
**** me!!! This means when i fly to South Beach now and go to a game its going to cost me both testicles. ouch

shizzle09
07-10-2010, 01:34 PM
Guess I won't be going to a Heat game this year...... to boo them

haha, thats one way to keep the haters out!

shizzle09
07-10-2010, 01:37 PM
There you CHeat enjoy the game...

this coming from a guy with Kobe in his sig. good one

omdigga
07-10-2010, 01:37 PM
heat tix are mad expensive.. but to see those three play together.. i would say its worth it..

fishfan79
07-10-2010, 01:46 PM
waiting list for a few years now too crazy money :)

IAmKira
07-10-2010, 01:51 PM
heat tix are mad expensive.. but to see those three play together.. i would say its worth it..

yes to see them lose not beat up teams like the hmm pistons? :p

TheWrightStuff5
07-10-2010, 02:49 PM
I'll just get the nba package so I can take my 20 minute bathroom breaks and watch the game in the mirror's reflection thank you very much.

29$JerZ
07-10-2010, 02:50 PM
So Miami goes from having attendance trouble too raising prices to make attendance more hard to raise :p

what54!?
07-10-2010, 02:53 PM
well heat tix are gonna be impoosible to get now :laugh2:

J$mo0th_3o5
07-10-2010, 03:02 PM
Thank God I have hook-ups!:)

Ethix11
07-10-2010, 03:03 PM
Wow. When you factor in no state income taxes, all along, LeBron could make more money in Miami than even in Cleveland and NY.

xabial
07-10-2010, 03:08 PM
We'll see how you guys do in the playoffs... Its 2 years or bust i think.
I liked the Mike Miller signing.

Giantwarrior
07-10-2010, 03:21 PM
Yay!

why are you so excited? that means you pay more for Beer and Tickets.

magichatnumber9
07-10-2010, 03:39 PM
**** me!!! This means when i fly to South Beach now and go to a game its going to cost me both testicles. ouchPlease it will be worth it.

camador22
07-10-2010, 03:47 PM
Where are all the people that said Miami can't fill seats:D

Master Mind
07-10-2010, 04:27 PM
**** me!!! This means when i fly to South Beach now and go to a game its going to cost me both testicles. ouch

:laugh2:

My new quote...

LTBaByyy
07-10-2010, 04:35 PM
So does this mean a lot of bandwagon fans?

hmmm...

shizzle09
07-10-2010, 04:43 PM
:laugh2:

My new quote...

haha, awesome :D

CharlesW
07-10-2010, 05:49 PM
craziness but expected when you have 3 superstars

JordansBulls
07-10-2010, 07:11 PM
So does this mean a lot of bandwagon fans?

hmmm...

Pretty much. I lived in Miami for a few years in 2005 and 2006 when they were really good and half the people don't show up till the 1st quarter is over.

THE MTL
07-10-2010, 07:24 PM
Heat worth 600 million. Thats almost as much as the Knicks.

kozelkid
07-11-2010, 12:14 AM
Wow. When you factor in no state income taxes, all along, LeBron could make more money in Miami than even in Cleveland and NY.

When you factor in no state income tax, he still lost money for taking the pay cut.
You forget that that only factors for half the games he plays. And state tax is always small unless you live in like California or New York.
I'm also willing to bet that it's going to hurt him because he has to share the spot light with 2 other stars.

effen5
07-11-2010, 12:26 AM
So let me get this straight...one superstar didn't bring in any fans....it took all three superstars to raise its worth?

Kinda pathetic if you ask me.

Cbast09
07-11-2010, 12:29 AM
Haters are going to hate...

Anyways, Lebron coming to Miami is the best thing to happen for the city in a long time. With all the revenue he will bring in, the Dolphins can finally build a roof on their stadium and improve it. It's still a nightmare to park at a Heat game, but now it's too expensive to go. The Marlins will get money for their new stadium and they can finally spend some money on a bullpen.

It's going to be a good decade for Miami.

Immoknight
07-11-2010, 12:32 AM
Haters are going to hate...

Anyways, Lebron coming to Miami is the best thing to happen for the city in a long time. With all the revenue he will bring in, the Dolphins can finally build a roof on their stadium and improve it. It's still a nightmare to park at a Heat game, but now it's too expensive to go. The Marlins will get money for their new stadium and they can finally spend some money on a bullpen.

It's going to be a good decade for Miami.

ROFL... this is the funniest thing I have read all day. You really think people in Miami going to start caring about their sports teams because Lebron is there?

HAHAHA, WAIT, why are your other teams getting money that one team is making? OMG, so uhm... good luck with that. Wait, I GOT IT! Lebron is also going to play on the Dolphins and on the Marlins? Now, it adds up.

Cbast09
07-11-2010, 12:35 AM
ROFL... this is the funniest thing I have read all day. You really think people in Miami going to start caring about their sports teams because Lebron is there?

HAHAHA, WAIT, why are your other teams getting money that one team is making? OMG, so uhm... good luck with that. Wait, I GOT IT! Lebron is also going to play on the Dolphins and on the Marlins? Now, it adds up.
You are an idiot. If the Heat bring championships it will bring revenue to the city. Florida is in a recession. If the city of Miami can get more money they can improve the stadiums. They can't improve Sun Life Stadium because all the money is going to the new Marlin Stadium.

Besides, people love the Dolphins here. They are a playoff team this year. Eventually they will win the SB. They are a young team. This will always be a football city.

Mochalman
07-11-2010, 12:58 AM
I'd rather see the spurs play.

RulerSlick
07-11-2010, 03:35 AM
As the Heats's worth goes up the cavs will go down..no wonder why Dan Gilbert was so===> :mad:

:laugh:

Oakley's Fist
07-11-2010, 03:44 AM
Pretty much. I lived in Miami for a few years in 2005 and 2006 when they were really good and half the people don't show up till the 1st quarter is over.

Yeah I lived there for 2 years when they were a playoff team and still people wouldnt show up to games. Crappy basketball town.

NYtilIdie
07-11-2010, 03:52 AM
You are an idiot. If the Heat bring championships it will bring revenue to the city. Florida is in a recession. If the city of Miami can get more money they can improve the stadiums. They can't improve Sun Life Stadium because all the money is going to the new Marlin Stadium.

Besides, people love the Dolphins here. They are a playoff team this year. Eventually they will win the SB. They are a young team. This will always be a football city.

If Florida is in a recession im pretty sure a new stadium should be on the bottom of the list. Thats like Obama saying "***k the Economy, we need to get College Football a playoff system"

J-Relo
07-11-2010, 04:52 AM
As the Heats's worth goes up the cavs will go down..no wonder why Dan Gilbert was so===> :mad:

:laugh:

yes and actually a lot, Gilbert is a loser

The Raven
07-11-2010, 05:29 AM
As the Heats's worth goes up the cavs will go down..no wonder why Dan Gilbert was so===> :mad:

:laugh:

lebron basically crippled that team's revenue along with the city's. Heard between 20 and 40 mil a season going to be lost

RulerSlick
07-11-2010, 01:20 PM
lebron basically crippled that team's revenue along with the city's. Heard between 20 and 40 mil a season going to be lost

I remember the some article saying that that cavs franchise is going to lose like 250 mil in value after the departure of lebron. Gilbert right now-->:facepalm::cry: