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Sports ticket prices

How has the price changed over the past two decades?

Prices have more than doubled since the Labor Department started tracking sports ticket prices in 1999.

Why have prices gone up?

Because as every sports star from LeBron James to Carmelo Anthony has said, "It's a business."

Costs, including athlete salaries, have surged. But there are three main reasons why teams are hiking ticket prices:

First, they would rather sell fewer seats at higher prices, than more seats at a lower price. It's similar to how airlines often make more money from their Business Class section rather than from selling lots of seats in Economy.

In addition, dynamic pricing — or adjusting prices based on demand — has allowed teams to wring out more money per ticket.

An

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