The Brand- Part II: Devaluation

Discussion in 'New York Jets' started by Cman69, Jan 7, 2013.

  1. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    See, now we're getting somewhere......... 40 years of a nausea inducing rollercoaster.
    I'm sure Nathan's would hope Rex sticks around forever.
     
    #61 stinkyB, Jan 7, 2013
    Last edited: Jan 7, 2013
  2. GordonGecko

    GordonGecko Well-Known Member

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    The overpricing also coincided with the mass adoption of HDTVs and economic recession. Now that people have gotten used to staying at home, they won't come out nearly in the same numbers without a good reason
     
  3. Br4d

    Br4d 2018 Weeb Ewbank Award

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    What I can't figure out is how the Giants and Jets spent 1.6 billion on an open-air stadium in the northeast?

    I'm guessing that fan interest dictated the open air aspect but weather is still an issue for some fans who might come out otherwise.
     
  4. The_Darksider

    The_Darksider Well-Known Member

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    PSLs were a blatant money grab, and nothing else. It was shortsighted greed. It was "other teams are doing it and making bank so we'll do it too". I realize that there's the stadium excuse, but they could have continued to raise ticket prices and concessions and they wouldn't have the problem that they're having now.

    I bought PSLs once they dropped the prices by 50% on the ones in the endzone. So I got mine for $2500 and the tickets themselves are $125 a seat each year. Not great, but I don't get priced out.

    The bottom line is that the Jets had a 10-12 year waiting list that they completely wiped out in one shot, akin to the dinosaurs disappearing overnight. Woody is a greedy, shortsighed tycoon who doesn't see the connection between winning football and making money. Fans just aren't going as much, and they haven't even come close to selling all of the PSLs.

    Additionally, the 'best' seats are mostly empty every week. The ones between the 30s are insanely prices and mostly unoccupied even during the biggest games.

    A shame, it really is. If the Jets thought (which it's obvious that they did) that they'd make more money and refill the people who left with people from the waiting list, they miscalculated badly.
     
  5. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    Pennywise and dollar foolish....... I like that our team doesn't play in a dome, but if the weather is a shitshow when the SB is played in MetLife, they'll regret the decision when they're not awarded another SB.


    (did they engineer it to allow a roof to be installed later?)
     
  6. LongIslandBlitz

    LongIslandBlitz Well-Known Member

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    People are idiots for spending that kind of money on seats to begin with just get them during the week of the game our hours before, thats what ive always done , although i haven't been to a game since the 8-8 season last year,tHANKFULLY
     
  7. Br4d

    Br4d 2018 Weeb Ewbank Award

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    The Jets had a $635 million dollar debt as of 2010, not sure where it is now. They spent something like $800 million on the stadium.

    I just don't see where you spend that amount of money and take on that much debt without doing PSL's.

    They should have seen that aspect coming. Once you create a market for PSL's and put the fans in the position of controlling the commodity the waiting list is going to go away.

    The people who really want season tickets are going to go pay whatever they have too to get the PSL they need. Other people are going to look at the market for PSL's and determine that it is too rich for their blood and buy piecemeal from the reselling services.

    This is assuming everything works out and there is high demand for the PSL's and tickets. Obviously in a down economy it is much worse. In either scenario the wait list goes away and the Jets are in a new model.

    For the Jets right now there are two imperatives: first, they have to have a credible plan to make the Jets competitive, nothing else is going to have the effect that would. Secondly, they probably need to seriously re-examine the price structures they have put in place on tickets themselves. If the best seats in the house are not routinely filled and there are other seats also going begging it suggests the Jets are over-priced and need to adapt to the reality of the market.
     
  8. Biggs

    Biggs Well-Known Member

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    Part of the devaluation is about the league itself. The NFL has been moving in the direction of rewarding more and more mediocre teams. The idea is more excitment in more cities by having more teams with a chance to get in the playoffs. That has also helped create a pretty crappy product.

    I was bored out of my skull watching the wild card weekend. I was very hyped about the young QB's but the actual games pretty much sucked across the board. The NFL's answer is more of this.

    The Times nailed it in an article published today.

     
  9. nyjunc

    nyjunc 2008 TGG Bryan Cox "Most Argumentative" Award Winn

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    who told them to build that Stadium? they built it to make boatloads more so I have no sympathy about any debt they incurred.
     
  10. alleycat9

    alleycat9 Well-Known Member

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    gotta agree with you on that one unc.


    i bumped this because i heard one of the reporters ask woody about the "brand" yesterday. it interested me because you rarely hear people talk about the brand. and it made me wonder if that guy is lurking around here and reading about the brand here on little old tgg made it something he wanted to ask about in the pc.
     
  11. Cman69

    Cman69 The Dark Admin, 2018 BEST Darksider Poster

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    Wow.. That would be something..:up:

    Do you remember what Woody's response was by some chance??
     
  12. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Stadiums get replaced every 30 to 40 seasons. It happens almost everywhere.

    Fans who are upset by ticket prices have every reason to be. That doesn't mean that they are right about it or have a veto privilege on the cost of attending a professional sports event.

    There are lots of season-ticket holders who were outraged by the advent of PSL's and the rise in ticket prices that accompanied them. The answer is pretty simple: don't buy a PSL and don't attend as many games.

    If you're right that the prices and PSL's are out of whack a lot of people will join you in that activity pattern and the team will wind up lowering ticket prices in the process.

    If people keep going though, well then it's just what it is. The price of attending games has gone up and while you may be outraged by it and reasonably so, that doesn't change the fact that the prices are what they are.
     
  13. laxin

    laxin Active Member

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    Yeah when I heard that I thought "was that Cman???"

    Woody of course said that the brand is not tarnished and feels this organization is headed in the right direction and Rex is a great coach blah blah blah... Basically bullshit.

    I honestly think Woody doesnt have a clue about reality, because without a doubt the brand is being tarnished, and if the hire Cohen... Damn, that wont be a pretty sight.
     
  14. nyjunc

    nyjunc 2008 TGG Bryan Cox "Most Argumentative" Award Winn

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    the fans do have that right and that is why they are struggling w/ tickets, they brought it upon themselves so why should we feel bad?

    The new Stadium wasn't for the fans, it was for their wallets.
     
  15. Br4d

    Br4d 2018 Weeb Ewbank Award

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    The old stadium was for the fans wallets also. The Jets just didn't do a particularly good job at milking them.

    Knute Rockne is dead. Football is a business.
     
  16. TheJetChase

    TheJetChase Member

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    I find it crazy fans are reacting this way after a 6-10 season. It's not like we were 2-14 like the Jaguars and Chiefs. I personally think our fan base is overreacting entirely.
     
  17. nyjunc

    nyjunc 2008 TGG Bryan Cox "Most Argumentative" Award Winn

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    No it wasn't, the old Stadium didn't have nbear the clubs, restaurants, luxury boxes, etc... It was just a football stadium for football fans. That wasn't good enough for the owners of the Jets & Giants and that's ok. I understand this is a business(more than the average fan) and the owners have every right to build a new Stadium but don't complain when you turn off your fanbase.
     
  18. Jon_Snow

    Jon_Snow New Member

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    I agree wildcard weekend was pretty much a bust. Saturday was horrible. Sunday wasn't much better. The way they left RG3 out there left a bad taste in my mouth. Shanny and Schneider should be ashamed of themselves for leaving that kid in the game.
     
  19. al_toon_88

    al_toon_88 Well-Known Member

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    They don't have to be illegal. That is ridiculous. Just don't buy them.

    The Jets can only get away with the PSL scam if people are willing to pony up and agree to the terms. Nobody forced you to do it. Sorry.
     
    #79 al_toon_88, Jan 9, 2013
    Last edited: Jan 9, 2013
  20. alleycat9

    alleycat9 Well-Known Member

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    this is my problem with the psls. there is always someone out there who thinks its a good idea. there are enough people in this world with expendable income that are foolish enough to pay a large sum of money for the obligation to buy a ticket that they can change in price as much as they want at any time....

    people still bought them. they jumped on the woody wagon and now they are suffering. and i really dont have any pity for them.

    i have pity for the guys who paid 75 bucks to sit in the second row of the mezz and had GREAT seats who couldnt pay the 7500 plus 400 a game. so they said well let me go to the upper deck. then they got htere and the jets gave them row 18 in the corner and tried as hard as they could to upsell them. actually talking shit about the upper deck seats to get them to buy into the psls. meanwhile they had upper prime and lower rows available but were holding out.

    then fanatacism kicked in and they rationalized it... well its only 2500 and i can pay it over 15 years... its only so much extra per game....

    then woody in typical fashion spent as much as he could to make the product a winner, and he almost did it just to get those fannies to buy those psls. the bluster and bullshit the superbowl promises.

    and some people bought it.

    my only hope is that it gets so bad that woody sells the team and goes back to doing whatever bullshit it is he does in his spare time.
     

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