The LeBron Effect: Ticket prices could plummet upon potential departure
CLEVELAND, OH (WOIO) - The mere presence of LeBron James makes every Cavalier home game a happening.
Bars, restaurants and hotels and the Q fill up, and that makes tickets a premium. They are not hard to get, but they are expensive whether you buy them from the Cavs or on the secondary market.
And the LeBron effect is certainly the major issue in the cost of Cavs tickets.
TickPick an online marketplace for tickets did some research and came up with some interesting numbers on how LeBron affects the ticket market.
During LeBron's last season in Miami, the secondary ticket price to see the Heat was double that of what it cost to see the Cavs.
That, however, changed very quickly and by the 3rd year of LeBron's return to Cleveland, the secondary market ticket prices to see the Cavs were double that of the Heat.
But what if LeBron leaves?
TickPick research tells us that the secondary market price to see the Cavs was $102.00 over the last three seasons, but would drop to under $50.00.
Jack Slingland of TickPick says, "This particular projection puts them in the bottom 15% of the league."
LeBron is also the biggest mover and shaker of secondary ticket prices in the recent big-name NBA player movement.
The Cavs secondary market ticket prices jumped 80 percent when LeBron returned to the Cavaliers.
But this may surprise you: Kyrie Irving's trade to Boston actually brought ticket prices down here a bit more, then when LeBron left the Cavs for the Heat.
Copyright 2018 WOIO. All rights reserved.