Last week the NBA rumor mill was spinning at a rapid pace to churn out Carmelo Anthony speculation but that news couldn’t be any older. The rage now surrounds LeBron James and his potential return to the Cleveland Cavaliers which is something that could have massive impact on the NBA ticket market.
According to Forbes, should LeBron James return to the Cavaliers this season, ticket prices are expected to skyrocket as seeing a Cavaliers game could become the priciest ticket in the entire NBA.
While Browns tickets have already gotten a bump from Johnny Manziel, that small increase would pale in comparison to the impact “The Return” would have on ticket prices for home games on the Cavaliers schedule. The impact would be so big, in fact, that it could catapult the Quicken Loans Arena to the top of the list of most expensive basketball venues for the 2014-15 season.
This makes a ton of sense and could end up leading to a harder push from the Cavs in the 11th hour to make sure they secure LeBron. You don’t need a degree in economics to realize that the short term cap crunch the Cavs would be in would work itself out into major profits in the long term.
LeBron returning to Cleveland is a dream scenario many have been thinking about for sometime now and it’s starting to look more and more like Cavs fans should start saving up now to make sure they can afford to see the return of The King.
Tags: Cleveland Cavaliers