Kyrie and Kristaps 

Kyrie Irving has not played a game since Game 1 of the NBA Finals last June when he suffered a fractured left kneecap. He is set to make his season debut today when the Cleveland Cavaliers host the Philadelphia 76ers. However, the team has still been performing well and LeBron James has had no problem carrying the Cavaliers to the top spot in the Eastern Conference.

Earlier Saturday, Kyrie tweeted “I’m back” which showed that he is ready to make his return. In an interview on Saturday he said, “I’m pretty F’ing excited. There were a few things I had to clear, but there was no rush on it.. I’ve been ready to play, but biomechanically we just wanted to make sure everything was good so I wouldn’t put myself at risk.”

Since Kyrie’s injury, the average ticket prices for Cleveland Cavaliers games dropped about 35% from $191 in the beginning of June, to $124 in December according to SeatGeek. Hopefully his return will increase the value of Cavaliers tickets again.

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On the flip side  however, the performance of Knicks rookie Kristaps Porzingis has increased the value of Knicks tickets. Who is he you may ask? Kristaps is a 20 year-old rookie who played for Cajasol Sevilla before entering the NBA Draft and being selected as the fourth overall pick. He is originally from Latvia and his parents were also basketball players. He stands at 7’3″ and weighs 240 pounds.

I actually found that my Knicks tickets were going for higher prices than my Cavaliers tickets were. Since the end of last season, Knicks tickets have increased by about 15% and Porzingis is just getting stathumb.jpgrted. The Knicks are certainly doing better than they were last season, and fans have some hope that he could be the help the team has been looking for.

Porzingis is not only affecting ticket prices, his jersey is flying off the racks! On NBAStore.com, Fanatics.com, and Modells.com, Porzingis’ Men’s away jersey is no longer available online in sizes other than 2X and up. It’s not yet clear when more jerseys will be available (I’m hoping soon), but this just shows that he is clearly a fan favorite.

Coincidentally, Kyrie and Kristaps will be facing each other on December 23rd when the Knicks take on the Cavaliers in Cleveland. This game should be a fun one to watch and it will be the last game the Knicks have until after Christmas, which is the first time in years that they haven’t had a game on Christmas Day. The Cavaliers however, will be playing on Christmas Day as mentioned in my last post when they take on the Warriors in an NBA Finals rematch.

For more news and updates about NBA ticket prices and how to make the most profit from your tickets, follow my blog and sign up for my email list. You can also follow me on Instagram and Twitter @CourtsideBroker and like this blog on Facebook in the sidebar.

Got a question? Email me courtsidebroker@gmail.com and I might make a post about it!

The Gift of the Game

Christmas is a special time for family, food, giving, and BASKETBALL! That’s right it’s that time of year again which means last minute mall runs and express online orders. Oh and let’s not forget a full day of NBA basketball featuring the best teams in the league. Personally I prefer watching basketball all day than putting on a sweater and going to random Christmas parties, but that’s just me.

Christmas Day Games

If you happen to be fortunate enough to hold season tickets for one of the five teams hosting games on Christmas Day, this is a great opportunity for you to make some quick cash. (Thunder, Warriors, Rockets, Lakers, and Heat.)

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Just to give you a current figure, tickets for the Cleveland Cavaliers vs Golden State Warriors on Christmas Day are starting at $307 according to StubHub.com. In addition, the Lakers vs Clippers tickets are starting at $219.

But wait, there’s more!

Even if you don’t have tickets to these games, you can still take advantage of the holidays. The holidays are a retail goldmine and the best time to shell out those December and January tickets. I just put out most of my late December and January tickets, and in the last two days I’ve already sold tickets to four different games! That’s the fastest I’ve ever sold that many tickets and I expect that number to increase in the next week.

People are looking for perfect gifts, and what better than the gift of the game? It’s perfect for that special NBA fan who’s difficult to shop for. So if you have season tickets, get those December and January tickets out now because there is a demand for them. (Especially if you have Lakers tickets.) They will more likely sell now at higher prices than if you wait until closer to game day. I know I was able to get rid of tickets that I ordinarily would have had to undersell, but since I put them all out before Christmas, I was able to make a larger profit.

In case you were wondering, here is the full schedule for the Christmas Day games with channels. It should be a great day of match-ups, including the battle of the Texas teams, shared home court at the Staples Center and Kobe’s last Christmas Day game, and best of all, an NBA Finals rematch between the Cavaliers and the Warriors. This will be the first time these two teams have met since the Finals last June, and LeBron James and Steph Curry are sure to put on a show. With Steph Curry and the Warriors being the center of attention with a record breaking 24-0 start, it will be interesting to see how LeBron and the Cavs respond. That’s a game you definitely won’t want to miss!

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For more updates and tips on making the most profit off your NBA tickets, follow my blog and sign up for my email list to keep up with my latest posts. You can also follow me on Twitter @CourtsideBroker.

Got questions? Email me courtsidebroker@gmail.com and I might make a post about it.

Good luck and Happy Holidays from Courtside Broker!

The Kobe Bryant Price Effect

On November 29, 2015, Kobe Bryant officially announced that this would be his final season in the NBA. Bryant has been in the league for 20 years and will undoubtedly be in the Hall of Fame. He is a legend and will go down in history as one of the greats. Here is a video of his first interview after the announcement.

Besides the fact that Kobe Bryant is a legend and that there will never be another player like him, Kobe’s retirement news creates HUGE profit opportunities.

Great news for Lakers season ticket holders 

Unless you are a Lakers season ticket holder or like me, bought tickets before the start of the season at face value, getting tickets will cost you a pretty penny. The ticket prices for the final Lakers home game shot up 240% from the day before the announcement.

According to SeatGeek, on Sunday morning the median listing price of a Lakers ticket was $397, but it has now jumped to $1,350 (240%). The cheapest ticket has gone from $124 to $571. So if you already have Lakers tickets in your possession, get ready to start thanking Kobe because you have the potential to make triple the profit off of them.

Everyone wants to get in on the action and witness Kobe in his final season, don’t let this once in a lifetime opportunity slip by. This is a perfect example of why it is so important to know your product as mentioned in my first post. I foresaw that Kobe was at the end of his career and took the risk of buying some Lakers tickets before the start of the season, hoping that the value would increase. It was probably the best decision I made all year.

For more updates like this, follow my blog and subscribe to my emails to see the most up-to-date information on NBA ticket selling. You can also stay updated by following me on Twitter @courtsidebroker

 

 

 

NBA Ticket Brokering… for Profit!

Millions of tickets are bought and sold through online ticket marketplaces every day. It can seem impossible to compete in such a competitive industry, but I can assure you that there are ways to not only avoid underselling, but actually profiting from NBA ticket sales.

Common Mistakes

The most common mistake that sports ticket brokers make is pricing above the competition. This creates a problem because once it gets closer to game day, everyone else’s prices will significantly drop and you will be stuck either having to dramatically undersell or take a complete loss and be left with unsold tickets. People lose a lot of money making these silly mistakes that are so easily avoidable with just a little bit of research.

Know your competition

When trying to sell your tickets, you are not only competing with other ticket brokers, but also the box office. Unless you know for a fact that a game is sold out, people will always have the option to buy their tickets the day of a game at face value. This will require some research. Find out how much fans can get their tickets for from the direct source and adjust your prices accordingly.

Know your product

Not all NBA games have the same ticket price value. For example, the average ticket price for the 1-18 Philadelphia 76ers is $62, while the average price for the 20-0 reigning champion Golden State Warriors is $245. When big name players are traded, this also affects ticket prices for a team. A perfect example of that is LeBron James going back to Cleveland. In 2013 the Cavaliers sold tickets for an average of $76 after drafting #1 pick Kyrie Irving from Duke. In 2014, those prices slowly increased to $86 and after LeBron James and Kevin Love joined the team. In 2015 those prices shot up to an average of $230 per ticket after LeBron took his team to the Finals.

Know your customer

People usually don’t buy basketball tickets months in advance like they would for a concert or a Broadway show. This means that you need to be more aware of price fluctuations based on supply and demand. Season ticket holders will either post all of their tickets for the season for sale at once and just leave them there, or they will post them periodically as each game gets closer. Realize that if a game is two months away and you only see 700 tickets available, this does not mean that you can make your prices higher because more people will be selling as the date comes closer and more options will become available.

What do I do now?

Every investment is a gamble, but this can be a very rewarding one. Follow my blog and stay updated with news and tips on how to price your tickets to sell for the most profit.