We have a follow-up on our post earlier this year about frustration over the prices of seats at the new Yankee Stadium. As we detailed in that missive, our decades-long season ticket holder friend was asked to make a substantial, decade-long multi-million dollar commitment to seats costing, for 2009, more than triple what he paid in 2008 in the old stadium. He refused to re-up at that time and decided to wait out the situation since the numbers being bandied about were preposterous. His patience has saved him a great deal of money.
Late in 2008 he was able to re-up with the Yankees, albeit one section back from the rails, at 2008 prices ($220 a seat) and with no long-term commitment. Not an insignificant indicator of where the economy stands at the moment, he is also able to pay in four installments as opposed to an up-front payment of more than $200K. Our question about how the state of the economy has affected, and will affect, baseball teams remains to an extent unanswered, though we have an inkling this season ticket purchase is an indicator of some difficulties to come. And, these difficulties will likely be endured all across the league.