The Cincinnati Reds froze ticket prices on Friday, but the decline in the economy wasnâ€™t the overriding factor in the decision, their poor play on the field, was. As reported by The AP, executives at the highest level made the decision after the Reds eighth consecutive losing season.
Reds chief executive Bob Castellini felt strongly that ticket costs shouldn't go up even one dollar given the way the team played, spokeswoman Karen Forgus said.
The last time the Reds held the line on prices was 2005. The Reds' average ticket price for 2008 was $19.41, according to an annual survey from the Team Marketing Report. The major league average was $25.43.
Forgus said the only exception to the price freeze will affect about 100 season-ticket holders with three- and six-year deals that are expiring. She said they'll be paying 5 to 10 percent more.
Many clubs are freezing prices, or setting the majority of the house lower including the Aâ€™s, Pirates, Astros, and the Red Sox, who havenâ€™t froze prices across the board in 14 years.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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