• Yankees Opt Out Of MLB StubHub Contract

    Posted by on December 10th, 2012 · Comments (7)

    Via Wally Matthews

    Don’t invite the New York Yankees and StubHub to the same party — or the same baseball game for that matter.

    As a team executive hinted last season, the Yankees have opted out of Major League Baseball’s new five-year contract with the online ticket broker and will soon announce plans for a new alliance with Ticketmaster.

    StubHub spokesman Glenn Lehrman says the Yankees, Los Angeles Angels and Chicago Cubs have opted out of the deal, which was renewed Monday by MLB.

    According to a source with knowledge of the deal, the Yankees and Angels both chose not to participate because they believe StubHub artificially deflates the value of their tickets on the secondary market.

    “This new arrangement is going to be more favorable to season-ticket holders,” the source told ESPNNewYork.com. “They’ll pay much lower fees than they did to StubHub, and there will be more accessibility to tickets than there was before.”

    Last June, a Yankees team official told ESPNNewYork.com’s Andrew Marchand that professional ticket brokers were offering tickets for sale before they had even been printed, and “shorting” them on the market — selling for far below market value.

    The StubHub arrangement worked out well for fans seeking tickets to single games — Yankees tickets often were available for $10 or less on the day of a game — but not so well for season-ticket holders who had paid full price and were looking to recoup some of their investment on the secondary market.

    According to the source, Yankees tickets will still be available on StubHub, although with some unspecified restrictions.

    “This is all about helping out our season-ticket holders,” the source said. “Not StubHub.”

    So, does this mean, if a Yankees ticket holder tries to sell a Yankees game ticket on StubHub, it’s illegal? Or, does this mean that StubHub will not be allowed to sell Yankees tickets, period?

    Comments on Yankees Opt Out Of MLB StubHub Contract

    1. Evan3457
      December 10th, 2012 | 5:43 pm

      As I said before, maybe I’ll just stop going to games, if I have to pay near face value for tickets that the market says should be much cheaper than that.

    2. December 10th, 2012 | 5:56 pm

      I still don’t understand the Yankees gripe that people are selling short – meaning that they list tickets for sale, without having them, and then buy them for cheaper and sell then for more when they have a buyer. Doesn’t StubHub list the tickets by seat location? How can someone say they are going to sell a seat without knowing if they can buy that seat once they have a buyer?

    3. Raf
      December 10th, 2012 | 7:15 pm

      As per the article, it seems that Yankees tickets will be available on StubHub, but with “some unspecified restrictions.”

      Steve L. wrote:

      I still don’t understand the Yankees gripe that people are selling short

      I think the root of the problem is that the Yanks are selling overpriced tickets.

    4. LMJ229
      December 10th, 2012 | 11:51 pm

      Raf wrote:

      I think the root of the problem is that the Yanks are selling overpriced tickets.

      You nailed it.

    5. December 11th, 2012 | 8:45 am

      Via a DN feature…

      Fans will still be able to purchase tickets for the three missing teams on StubHub. The biggest difference involves the sellers, who will have to type in the ticket information and use a different way to get the ticket to the buyer for the home games of the Yankees, Cubs and Angels.

      ……

      …some teams are going to experiment with the blackout window before games. Most teams stop ticket sales on the site two hours before the game, and a handful of clubs are going to experiment with a six-hour period next year.

      http://www.nydailynews.com/sports/baseball/yankees/yankees-part-stubhub-deal-article-1.1217353?localLinksEnabled=false

    6. MJ Recanati
      December 11th, 2012 | 12:10 pm

      Steve L. wrote:

      StubHub list the tickets by seat location? How can someone say they are going to sell a seat without knowing if they can buy that seat once they have a buyer?

      The caveat is that you don’t have to deliver that exact seat but a comparable seat in a similar (or better) location at a similar (or higher) price point.

      For example, if someone lists a pair of seats in Section 213, Row 15 but can only find Section 213, Row 5, StubHub will accept that as an advantageous transaction for the buyer and will permit the seller to deliver the different-but-better tickets. You couldn’t short Section 213 and fullfil the order with Section 313, however.

    7. December 11th, 2012 | 12:26 pm

      @ MJ Recanati:
      Thanks. I had no idea on how StubHub worked.

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