NBA Finals Ticket Prices Plummeting in Cleveland as Cavaliers Return Down 2-0
June 8, 2016
It's not the situation LeBron James had considered when announcing his return to the Cleveland Cavaliers two seasons ago. His team, champions of the East, finding difficulty bringing an ever-elusive title back to the Rock and Roll Capital of the World against the Golden State Warriors. Such has been the case through the 2016 NBA Finals thus far, with the Cavaliers backing into a 2-0 series hole. The series travels to Cleveland for Games 3 and 4 this week, and it appears that championship hopes - along with ticket prices - are quickly dropping in the process.
According to TicketIQ, both Games 3 and 4 have experienced a significant tumble in both average price and get-in price since the start of the series last week. Game 3 will be held Wednesday night, and Cavaliers Finals tickets currently own a secondary market average of $582.34. That marks more than a 50% dive from the game's $1,170.61 average on June 2, the day the Finals began. The cheapest ticket is now listed from $255, a 25% drop from the June 1 get-in price of $339.
Game 4 prices haven't dropped as severely as Game 3, but there has still been a substantial decline since the Finals tipped off last Thursday. As it stands now the average resale price for Game 4 tickets is $1,121.61. That is 19% cheaper than the $1,383.96 average a week ago. The get-in price is currently $353, down 23% from $449 last week.
The Cavaliers will need to retool on both the offensive and defensive side of the court after falling victim to the Warriors' relentless play in Games 1 and 2. Golden State's bench provided the bulk of the offense in Game 1, while Steph Curry and Klay Thompson contributed 18 and 17 points each in Game 2, respectively. The Cavs will be missing a vital piece for Game 3 in Kevin Love, who was not cleared to return after suffering a concussion on Sunday night.
Should the Cavs will their way back into contention, a potential Game 6 next Thursday would be the most expensive game held at Quicken Loans Arena this season. Tickets are currently averaging $1,566.24 and the get-in price is $630.