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Friday, October 31, 2014

Minnesota Timberwolves Know How to Help the Fans, Dropping Ticket Prices

In these harsh economic times, not only should cuts be reflected in the amount of money players are being paid and the revenue a club generates, but first and foremost, ticket prices. Apparently the Minnesota Timberwolves have the right idea, and for that, they should be patted on the back. Check out this great announcement by the T-Wolves, a pattern I recommend most teams follow:

The average price for season tickets will decline 18.2 percent — 11.4 percent in the lower deck and 44.3 percent in the upper deck. More than 75 percent of all season tickets will be priced at $35 per game or less, with prices ranging from $5 per game in the upper deck to $1,550 per game for seats next to the bench in the Lexus Courtside Club.

The Timberwolves also introduced a new nine-month, zero-interest payment plan for all season ticket purchases, and a “No-Risk Pledge” that guarantees season ticket holders a full refund for their unused tickets if they lose their jobs in 2009.

Those specials are for people who sign up for season tickets by July 1st, so of course there is some caveat. The team knows it’s putting a product on the floor that isn’t too competitive, so the least they could do is cater to the fans. Seriously, 75% of season tickets at $35 or less? Now that’s a very fair range right there. And I also love the “no-risk pledge” thing, just as long as there isn’t small print involved. Now that’s the way to handle your customers and reward your fans! I hope other teams take notice and follow suit.



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