In a move that’s sure to stir conversation among fans, Lakers owner Mark Walter is making headlines again with some significant changes to the franchise. The latest buzz?
A hike in ticket prices at the Crypto.com Arena. According to a recent report, the Lakers are adjusting their season ticket pricing to align with the current market demand.
For fans, this means digging deeper into their pockets. The average ticket price hovers around $300, but depending on where you sit, that number can vary widely. Some sections might see a 14% increase, and if invoices aren’t paid on time, an additional 3% administrative fee could be tacked on.
Season-ticket holders are feeling the pinch too. An anonymous source revealed that their seats, which cost $6,192 last season, will jump to $9,035 for the upcoming season-a 45.9% increase from the previous year’s $5,494. It’s a hefty rise for an already pricey experience.
This decision coincides with the departure of Tim Harris, the former president of business operations. Lon Rosen steps in, bringing his expertise from the Dodgers to boost profits in the NBA. While the organization believes the price hike is justified, many fans are less than thrilled.
One fan expressed frustration, questioning why Dodgers-style pricing is being applied to Lakers games, highlighting the already high costs associated with attending.
The timing of this increase is intriguing, especially with the uncertainty surrounding LeBron James’ future with the team. If LeBron stays for another season, it could be a farewell tour, potentially justifying the higher prices. Fans are speculating on whether this price adjustment hints at LeBron’s plans.
This trend of rising costs is concerning for the average fan. As ticket prices soar, many are finding it increasingly difficult to attend live games, a sentiment echoed by fans lamenting the high costs of attending marquee matchups.
While Mark Walter is looking to maximize his investment, it’s clear that the NBA is a business, and owners will do what they can to increase profits. For a team as high-profile as the Lakers, affordable tickets are a rarity, but fans hope that the on-court product will match the price tag.
With Luka Doncic secured for the long term, there’s hope that the Lakers will field competitive teams that make the investment worthwhile. However, ensuring that the game-day experience lives up to these elevated prices will be crucial in maintaining fan loyalty.