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LeBron James Returns, Cavs Ticket Prices Skyrocket

October 31, 2014
Personal Finance
LeBron-James-ticket-prices
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Just how much is LeBron James worth to an NBA team? It’s hard to pin an exact number on the value of the league’s best player, but here’s one telling figure: Since the news in July that LeBron James was “coming home,” the Cleveland Cavaliers have seen a 204% jump in their average resale ticket price over last season—by far the biggest increase among the league’s teams.

Meanwhile, the team LeBron left behind, the Miami Heat, saw the biggest decrease in secondary-market ticket prices: The average Heat home game now costs 25% less than it did at the beginning of last season.

Indeed, according to a recent NerdWallet study, nowhere will the NBA game experience be more expensive this season than in Cleveland—$1,504.89 for a family of four to see the King.

Check Out the Full Study: Which NBA Teams Have the Most Expensive 2014-15 Home Games?

 

 

LeBron James image via Keith Allison / Flickr.