eriadoc
Texan-American
Forcing fans to pay up when you're deliberately trying to ensure that the games aren't played is such a freaking joke.
Fans paying up is the joke.
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Forcing fans to pay up when you're deliberately trying to ensure that the games aren't played is such a freaking joke.
Daniel Kaplan of SportsBusiness Journal recently reported NFL owners were informed at a meeting in Indianapolis that season-ticket sales surprisingly were ahead of the 2010 pace, despite the lockout.
Per Kaplan, the league now claims that the sales are behind last years numbers.
NFL spokesman Brian McCarthy explained to Kaplan that the sales figures shared with the owners applied only through May 6. When adjusting the totals through May 31, the numbers have dropped. McCarthy also said that renewals of suites and club seats have slowed to a crawl.
The league apparently is trying to counter, as Kaplan explains it, criticism of teams for cutting back and laying off and furloughing employees at a time when sales were actually up.
But the new figures dont make the situation any better, in our view. The NFL has been planning to lock out the players for years. Why not also plan to take care of the folks caught in the middle? Last year, in the final year of the labor deal, teams were able to set aside plenty of money thanks to the absence of a salary floor and the disappearance of various types of player benefits. They teams should have set some of that money aside to help pay the employees who are now feeling the pain for a wound they didnt inflict.
To the extent that the cuts are merely part of some broader effort to demonstrate that the teams are suffering during the lockout, then its one of the dumbest P.R. efforts weve ever seen. This isnt a recession or some other external hardship. The NFL has brought this financial crisis on itself in an effort to get a bigger piece of the revenue pie from the players. Thus, the only team officials who fairly should be losing any money as a result of the lockout are the owners.
linkIt was about 10:30 one night last month when Frank Fullerton opened his laptop. He was in the Panthers room of his home on the outskirts of Charlotte. While most of the house features neutral colors, in this room Fullerton has a giant 12-foot team logo painted on a blue wall. A custom-made Vinny Testaverde Panthers jersey hangs near the entrance.
Fullerton began typing. Im selling my season tickets for the coming season, he wrote, if there is one.
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Hes owned the two seats in Section 321 since the Panthers moved into Bank of America Stadium in 1996. His passion for the team hasnt wavered, despite the teams dismal 2-14 record last season. But he lost his sales job a couple of years ago. He lived off old stocks for a while and though hes only 53 years old, he recently began dipping into his IRAs.
Same thing thats happened to a lot of people, is how he explained his situation. Companies have been cutting back everywhere. It makes it hard for anyone to justify three grand for football games.
The advertisement for his tickets went up on Craigslist. He was only asking for face value, but no matter how many times Fullerton checked his in box, there was no response.
Its a tough time to sell pro football tickets. Since NFL owners locked out their players in March, league officials, ticket brokers and season ticket holders have all reported a difficult time moving tickets.
NFL owners and players are at a stalemate in negotiations for a new labor agreement, and they might stand to lose the most by a prolonged work stoppage. But there is a trickle-down effect that has many others carefully monitoring the dispute, from those in charge of merchandising to the restaurants and bars surrounding NFL stadiums to businesses large and small that depend on the NFL for advertising, entertaining clients and promoting their brands.
Were one of the peripheral figures that are affected by this lockout, said Glenn Lehrman, a spokesman for StubHub, one of the most popular outposts for buying and selling tickets on the secondary market. Like so many others vendors, merchants were all in the same boat.
The two sides have recently begun private talks about a labor deal, and an agreement couldnt come soon enough for many. While the full impact wouldnt hit until September, some businesses have contingency plans in place. The lockout has presented large advertisers such as Pepsi, Budweiser and Mars, maker of the Snickers candy bar, with difficult decisions about budgeting, media buys, in-store displays and campaign rollouts.
Big picture is still bad news
Those in the ticket business are already feeling the impact. Ticket sales are down 53 percent from the same time a year ago, according to Don Vaccaro, chief executive of TicketNetwork, one of the countrys leading online ticket exchanges.
That is a huge, huge swing, he said. It seems that a lot of folks on the lower end arent buying tickets, and it could be the start of a multiyear problem for the NFL, like weve seen with some other leagues.
In the case of the Texans, you'd get whatever games weren't played refunded....plus 1% interest.So how are they going to handle it if there is a shortened 8 game season?
Has there been any correspondence sent out about that?
Sigh..
Seriously we all entered into the PSL contract knowing good and well why we did it, the contract doesn't make amendments for anything like this so to adhere to the contract you signed.. pay your dues and wait.
And I'm sorry noone is making a steady 13% interest in this market right now.
Not to mention you pay now and if there's no season you get your money back plus that 1%.... SIX months from now, not a year! Good luck finding a 6 month CD with that rate.Is there a bank that will give you greater than 1% interest guaranteed right now?
I just checked Money Market Accounts and Savings Accounts APY for Houston and the highest I found was 1%.
If you got creative with investing, sure, its easy to earn greater than 1%. But not with 0% risk. 1% seems to be pretty reasonable considering the current rates
Not to mention you pay now and if there's no season you get your money back plus that 1%.... SIX months from now, not a year! Good luck finding a 6 month CD with that rate.
Per link, 6 month CD rates are 0.52%
If you didn't pay for your tickets as a normally year, would you have the money set aside to pay for all of it at once, once the lockout is over. I don't think so.
Per link, 6 month CD rates are 0.52%
Haha most likely higher!LOL, what is the 6 month inflation rate these days?
I've got it. What's your point?
Good for you, I'm sure the majority of the fans wouldn't.
Is there a bank that will give you greater than 1% interest guaranteed right now?
I just checked Money Market Accounts and Savings Accounts APY for Houston and the highest I found was 1%.
If you got creative with investing, sure, its easy to earn greater than 1%. But not with 0% risk. 1% seems to be pretty reasonable considering the current rates
You can try Texas Citizens Bank or Founders Bank here in Houston. They have rewards checking accounts at about 2-2.5%. (used to be 5%, but alas...) Only catch is you have to use the debit card x number of times a month and have direct deposit (basically, they want you to use it like a normal checking account). For Founders, it's 10x a month and for Citizens it is 12x a month I believe.
But ya...point me in the direction of the 13% checking accounts plz.![]()
I just got off the phone with the Texans ticket office and they said that the lockout has not impacted their projected sales.... Apparently everyone with Platinum lot passes and lower Bull pen tickets have renewed their season tickets.... :-(
I wish more Platinum lot people would get upset about the lockout!
I just got off the phone with the Texans ticket office and they said that the lockout has not impacted their projected sales.... Apparently everyone with Platinum lot passes and lower Bull pen tickets have renewed their season tickets.... :-(
I wish more Platinum lot people would get upset about the lockout!