Knicks To Increase Season Ticket Prices Average Of 49 Percent

NEW YORK (WFAN/AP) — MSG goers temporarily saw ticket prices skyrocket on after New York’s trade for Carmelo Anthony.

According to the New York Post, Knicks season ticket holders can soon expect a permanent rise in dues.

“Madison Square Garden management will announce today a substantial rise in Knicks season-ticket prices for next season,” reported the paper, citing a source close to the situation.

According to Forbes, the Knicks’ average ticket price is currently $88. That’s second only to the Lakers, who charge a whopping $113 on average.

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Knicks owner and MSG chairman James Dolan has avoided raising prices for six seasons, steadfastly sticking to his no-playoffs, no-price change policy. With the Knicks likely headed to the NBA playoffs, thanks to the additions of Carmelo Anthony and Amar’e Stoudemire, Dolan is expected to announce the increase on Friday.

Madison Square Garden is in the early stages of a renovation expected to cost more than $800 million, with extensive work slated for the next two summers. The seating configuration in the lower bowl will change beginning next season, with the upper bowl to follow in 2012-13.

The Knicks have sold out their full-season ticket inventory for the first time since 2001-02, due to fans excited to watch a team that has shown flashes of late-90′s glory. 4,000-plus new season tickets were bought before the season.

The Knicks’ value rose 12 percent from $586 million to $655 million this year, according to Forbes, and is now ranked as the NBA’s most valuable franchise.

How much are you willing to shell out for Knicks tickets? Let us know in the comments below…

pixy Knicks To Increase Season Ticket Prices Average Of 49 Percent
  • Cablesuction

    Dolan will manage to squander both Knicks and Rangers playoff proceeds — then turn around and bill season ticket holders for their incompetence.

  • Markstripes

    While Barkley is not someone I typically choose to align myself with, he is 100% correct on his point that it is outrageous for the Dolans to raise ticket prices 49%, during these economic times! What are the Dolans trying to do? Have the most loyal fan base in sports go across the river to see the Nets?

  • Luis Montalvo

    What are the new prices?

  • Kevin

    The Dolans are idiots. It’s amazing how an imbecilic moron dope can run MSG to the groung with Daddy’s Cablevision money. Rangers will not make playoffs and Knicks will get knocked out first round.

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