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TeamTix -- New Big Ten championship game ticket system

  • The reservation system, launched by the league in partnership with Forward Market Media and the Big Ten Network, allows fans to purchase "TeamTix" for as little as $10. If the team you specify makes the championship game, you are guaranteed a ticket to the game, priced at face value. If your team does not qualify, your “TeamTix” expires and you only lose the reservation fee. You can also trade your “TeamTix” in the Big Ten Forward Market, where prices could rise and fall during the season, depending on how teams are playing.

    Thoughts?

    (SIAP)

    This post was edited by Giant Moose on 7/24/2012 at 12:33 PM

    Big Ten unveils new title game ticket system - Big Ten Blog - ESPN

    I've told this story before, but one of the funniest moments of last year's Big Ten title game weekend occurred when I got on an elevator full of fans

    espn.go.com
    signature image

    Giant Moose

  • Giant Moose said...

    The reservation system, launched by the league in partnership with Forward Market Media and the Big Ten Network, allows fans to purchase "TeamTix" for as little as $10. If the team you specify makes the championship game, you are guaranteed a ticket to the game, priced at face value. If your team does not qualify, your “TeamTix” expires and you only lose the reservation fee. You can also trade your “TeamTix” in the Big Ten Forward Market, where prices could rise and fall during the season, depending on how teams are playing.

    Thoughts?

    (SIAP)

    Tickets were going for almost half of face value the week of the game last year. So I get to pay money to buy tickets for more money then I can buy them on stubhub?

    imaspartan03

  • That's actually a pretty decent idea.

    signature image
     signature image signature image

    Big Doug ●

  • imaspartan03 said...

    Tickets were going for almost half of face value the week of the game last year. So I get to pay money to buy tickets for more money then I can buy them on stubhub?

    Take a second and think about what the system is doing. There were so many cheap tickets because fans of teams who didn't make it were cutting there losses. Those tickets would be eliminated under the new system as each seat will effectivly be reserved by fans from multiple schools and the ticket will ultimately go to whichever of there teams make it to the title game.

    Doc Rodgers

  • Great idea, but it depends on the seating.

    dagomike ●

  • Giant Moose said...

    The reservation system, launched by the league in partnership with Forward Market Media and the Big Ten Network, allows fans to purchase "TeamTix" for as little as $10. If the team you specify makes the championship game, you are guaranteed a ticket to the game, priced at face value. If your team does not qualify, your “TeamTix” expires and you only lose the reservation fee. You can also trade your “TeamTix” in the Big Ten Forward Market, where prices could rise and fall during the season, depending on how teams are playing.

    Thoughts?

    (SIAP)

    Call options on tickets. I like it. Can you also short them? Could be fun trading these in the secondary market........

    trd697

  • I imagine that this only applies to the tickets sold directly by the Big 10 and non to the tickets that are allotted for the 2 schools playing in the game?

    If so, I'll continue to buy my tickets directly from MSU as I have no interest in making a trip to Indy to see Nebraska play Wisc.

    Jfaspen

  • Jfaspen said...

    I imagine that this only applies to the tickets sold directly by the Big 10 and non to the tickets that are allotted for the 2 schools playing in the game?

    If so, I'll continue to buy my tickets directly from MSU as I have no interest in making a trip to Indy to see Nebraska play Wisc.

    blank

    nystyletaco

  • trd697 said...

    Call options on tickets. I like it. Can you also short them? Could be fun trading these in the secondary market........

    There is/was actually an entire website devoted to that for very thing...baseball, world series, super bowl, etc. I can't remember the name of it, but four or five years ago, I took a flyer on two tickets for the Phillies to the world series...paid something like $32 a piece, and they made it. I ended up selling those futures for about a grand in profit. I should see if I still have a balance.

    Edit...well, so much for that.

    This post was edited by Chitown_Badger on 7/24/2012 at 1:57 PM

    Money woes cause ticket futures marketplace yoonew to shut down

    http://www.ticketnews.com/news/Money-woes-cause-ticket-futures-marketplace-yoonew-to-shut-down2104129

    www.ticketnews.com

    Chitown_Badger

  • trd697 said...

    Call options on tickets. I like it. Can you also short them? Could be fun trading these in the secondary market........

    I highly doubt it.

    Chitown_Badger

  • Another thought...given the compelling matchup last year, in the inaugural championship year, and the readily available tickets...I highly doubt the futures will increase that much unless you get a team like Nebraska in the running. Especially this year. UW looks like the odds on favorite to return, and I doubt we'd bring more than we did last year, so Nebraska/Michigan/MSU would be able to buy up tickets outside their section on the secondary market.

    Chitown_Badger

  • Jfaspen said...

    I imagine that this only applies to the tickets sold directly by the Big 10 and non to the tickets that are allotted for the 2 schools playing in the game?

    If so, I'll continue to buy my tickets directly from MSU as I have no interest in making a trip to Indy to see Nebraska play Wisc.

    You serious?

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    Molon Labe

  • Μολὼν λαβέ said...

    You serious?

    If a purchasers team didn't make it you wouldn't be buying the ticket. You would be only out the call option to buy it. Any word on what the options are going to be sold for?

    Doc Rodgers

  • Doc Rodgers said...

    Take a second and think about what the system is doing. There were so many cheap tickets because fans of teams who didn't make it were cutting there losses. Those tickets would be eliminated under the new system as each seat will effectivly be reserved by fans from multiple schools and the ticket will ultimately go to whichever of there teams make it to the title game.

    This idea only works if the demand for seats is higher then the quantity, which it rarely will be. Unless one of the teams is still playing for the NC the demand will top out at 50-55k and the stadiums seats around 65k.

    You're right in that tickets went cheap last year because teams fans that didn't make it sold their tickets. However, they bought their tickets early because they thought they could make a profit on them if their team didn't make it. They were wrong and will probably be more cautious in the future.

    I could see the B1G selling less tickets because of this system. Instead of a Neb, MSU and UM fan buying 3 seperate tickets, they'll all be buying the same seat 1.

    As for the Nebraska and OSU fans in the article, I call BS. Instead of just selling their tickets for what they could get, around $80 a pair and losing $100. They spent $250-$300 on hotel rooms, $200 on gas, and another $150-$200 on food and drinks for the weekend. That sounds to me like someone who was planning to go all along.

    imaspartan03

  • The Rose Bowl has been doing this for a few years now.

    Boomtown Sparty

  • imaspartan03 said...

    This idea only works if the demand for seats is higher then the quantity, which it rarely will be. Unless one of the teams is still playing for the NC the demand will top out at 50-55k and the stadiums seats around 65k.

    You're right in that tickets went cheap last year because teams fans that didn't make it sold their tickets. However, they bought their tickets early because they thought they could make a profit on them if their team didn't make it. They were wrong and will probably be more cautious in the future.

    I could see the B1G selling less tickets because of this system. Instead of a Neb, MSU and UM fan buying 3 seperate tickets, they'll all be buying the same seat 1.

    As for the Nebraska and OSU fans in the article, I call BS. Instead of just selling their tickets for what they could get, around $80 a pair and losing $100. They spent $250-$300 on hotel rooms, $200 on gas, and another $150-$200 on food and drinks for the weekend. That sounds to me like someone who was planning to go all along.

    I'd bet my next paycheck that any time someone sells their futures the B1G will take a cut.

    Chitown_Badger

  • Boomtown Sparty said...

    The Rose Bowl has been doing this for a few years now.

    link?

    Chitown_Badger

  • So...did anyone buy these?

    MVF

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