The New York Knicks have come up with a new way to squeeze money out of fans at Madison Square Garden — the team has only made the playoffs once in the last decade and tickets are already sold out. It is one of the most expensive in the league.
Team His owner James Dolan has rolled out plans for a new section of his courtside seating that is ultra-premium by dividing his table into scorers where media and match officials usually sit. doing. , the post learned.
By opening up a prime location, front-row and his second-row seating could be added, and the loyal fan would be able to connect with the player set to check-in to the game. You can actually rub your elbows.
New seat face value at Knicksseatingchart.com Up to $3,000, according to
"The New York Knicks' courtside seats are right next to the scorers' table, at arm's length from the players on the floor. The best courtside seats for the Knicks are the scorers' table seats and the They will be called to fill the sidelines on both sides of the scorers table," the site reads.
On Thursday's earnings call, Madison Square Garden Sports confirmed new courtside and floor seating, but didn't provide details.The Golden State Warriors and others Some teams previously ditched their nearly full-length court tables for a few smaller desks.
The Knicks also announced that they will not raise ticket prices next season, as Dolan has a policy of not initiating price increases if the team does not qualify for the postseason. Aside from making the playoffs last year, the franchise has not reached the NBA Finals in over 20 years and has not won a title since 1973.
Still, avid fans fill the gardens. I never gave up. Last season, the Knicks averaged $2.99 million per game in his receipts, his third in the league. The NBA champion Golden State Warriors led the league in his $4.2 million per game average during the regular season, according to classified NBA documents.
Madison Square Garden Sports reported Thursday that his ticket renewal rate for the Knicks and Rangers seasons is on the rise, with him reaching 91%.
The Rangers, who narrowly missed out on Stanley's Cup qualification last season, saw him lose to two-time defending champions Tampa Bay in the semifinals, but will raise ticket prices this year. he said MSGS.
According to MSGS, the team has averaged $3.5 million in profits per game of his 10 home his playoffs.
MSG shares rose 5.9% to $170.73 on Thursday.
That wasn't the only good news for Dolan.
Dolan's separately traded Madison Square Garden Entertainment, which includes cable companies, arenas and other venues, also gained momentum Thursday after announcing it may spin off some of its assets. Increased.
MSGE shares surged 6.8% to $67 in after-hours trading.