Derek Jeter retirement: Prices rise for Yankee Stadium ceremony

The New York Yankees announced in a statement on Friday that the team will be honoring captain Derek Jeter on Sunday, September 7.

It read:

"The Yankees will hold a special pregame ceremony to honor the CAREER of Yankees captain Derek Jeter on Sunday, September 7. All fans in attendance will receive a limited-edition commemorative coin that will recognize the occasion.Further details about the ceremony will be announced at a later date."

That short statement sent ticket prices for the September game through the roof, with the average price now at nearly $500 according to ESPN’s Darren Rovell.

"The average list price for the home game in the Bronx against the Kansas City Royals went from $139.24 before the announcement to $497.98 by Saturday, according to ticket resale market aggregator TiqIQ.The price of the cheapest seat in the building jumped by more than 1,200 percent from $16 to $211. Bleacher seats with a face value of $23 can’t be found for under $223, while outfield field box seats that carry a face value of $175 can’t be had for under $575 anymore."

While $211 bucks to sit in the cheap seats might seem like a whole lot, this is a once in a lifetime opportunity so nobody should really be all that surprised that Yankees fans are willing to shell out some dough to honor a franchise legend.