(UPDATE 6/23/15) NBA teams have two days to get their draft boards in order as the NBA Draft is scheduled for Thursday night. As the draft approaches, rumors with both draft eligible and current NBA players will start flying around league circles. It has already been reported the Minnesota Timberwolves have already promised Karl-Anthony Towns they will select him as the No. 1 overall pick. There have also been trade rumors surrounding Sacramento Kings star DeMarcus Cousins, who may be involved in trade talks this week. Secondary market ticket prices have also gotten hotter as the average price for NBA Draft tickets is now $102.55 with a get-in price of $55.
2015 NBA Draft Tickets Drop To 41.7% Below Last Year's Prices
(6/17/15) The NBA Finals may have just ended, but the basketball season is not yet over. Teams will have to make a quick turnaround to prepare for the NBA Draft, which takes place next Thursday. The June 25 event will be held at Brooklyn’s Barclays Center. As this is one of the biggest nights in the NBA, there will be plenty of fans in attendance. The current average price for NBA Draft tickets on the secondary market is $93.92 with a get-in price of $41. That’s currently 41.7% below the average price for last year’s draft, which was also held in Brooklyn.
At the end of June each year, fans of every NBA franchise get to start building hope for the next season. That chance of optimism and hope begins with the NBA Draft. As college basketball players get their dreams realized of getting to play professional basketball, those same players are who fans will look at to either help turn a franchise around or help bring the team to the next step. With so much excitement around the NBA Draft, there tends to be high demand to attend the event.
For the past two years the NBA Draft has been held at Barclays Center, the home of the Brooklyn Nets. The Brooklyn venue will again host the event as the 2015 NBA Draft is scheduled to be held on June 25. On the secondary market, NBA Draft tickets are on pace to be the most expensive since at least 2011 when TicketIQ started keeping track of secondary market data.
Currently the average price to attend the 2015 NBA Draft is $277.15, 72.1% more expensive than last year’s average. Since at least 2011, no NBA Draft has an average price above $200. From 2011 to 2013, NBA Draft tickets did not have an average price above $100, between two years at Newark, New Jersey’s Prudential Center and the first year in Brooklyn. However the current $38 get-in price is $9 below 2014’s cheapest ticket of $47.
There is also a significantly higher amount of ticket quantity for this year’s event. There are currently 2,666 tickets available for the 2015 NBA Draft. At the beginning of June last year there were just 1,097 tickets available on the secondary market.
Some of the demand for 2015 tickets could be from fans of the cross-town New York Knicks. After a disappointing 17-65 regular season, the Knicks finished with No. 4 overall pick after the draft lottery. There could be more than a few Knicks fans making the trip to Brooklyn to see who the franchise will take with their second first-round pick since 2012.
The Minnesota Timberwolves hold the No. 1 overall selection, and also have the two No. 1 picks, Andrew Wiggins and Anthony Bennett, on their roster. Kentucky’s Karl-Anthony-Towns, Duke’s Jahlil Okafor and Ohio State’s D’Angelo Russell are among the top ranked prospects in this class.