The Cleveland Cavaliers got LeBron James back this summer and as a result, the city of Cleveland and the Cavaliers are booming in popularity and prosperity. Not only is the city rebounding already in the short amount of time that LeBron has been back, but the team is already seeing sales on tickets go through the roof.
According to Forbes, the average ticket price for a Cavaliers game has risen over 100 percent from where they were last year. All of this, of course is being attributed to LeBron James being back in town.
According to a source from TicketCity.com, the median secondary sale price for Cavs games in 2013-2014 was $69. Conversely, after just two days since the schedules were announced (since schedules were announced), the median price for 2014-2015 is $146, an increase of 112%!
This really isn’t that surprising as anywhere LeBron James is playing is going to be a hot ticket but his return to Cleveland is monumental in more than one way. Something else that is happening is that away games for the Cavaliers are going to sell out quick at a high price — especially games against the Heat, Bulls and other marquee teams — and the prices on secondary markets like StubHub and other resellers will reflect the demand for these hot tickets all season long.