Einstein
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Posts posted by Einstein
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Just now, boater said:
I was wrong in my previous post. Thanks to all who have point it out. But the termination fee in the big picture is still very little. This from the Buffalo News:
This is correct. As I mentioned above, if the Pegulas did ever sell the team to a buyer at the team value of $5B, it would only cost that buyer 16% more to move the team.
Some people would simply see that as a cost of doing business.But moving is not a concern right now. This minority sale of the team is simply due to PSL's not selling as they hoped.
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3 minutes ago, gflande1 said:
Bills aren’t going anywhere, they have a long term lease in place…it would cost a fortune to break that lease.
The lease is garbage. I agree the Bills aren't going anywhere (why would they? brand new stadium and all), but if someone were to pay over $5 Billion to buy the team outright (the current value of the team), what is to stop them from paying another 16% to move the team? Nothing. Just 16%. -
15 minutes ago, SoonerBillsFan said:
Is Terry having financial issues?
They dissolved PSE, many rumors of them trying to sell the Sabres on the low, and now they are putting 1/4 of their only valuable sports team on the market.
Something is going on (hint: PSL sales are not going too well).-
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Fake. But it made me happy to read regardless.
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57 minutes ago, Kirby Jackson said:
That’s 100% true. They hadn’t done it before. They tried to fix them for a few years but it didn’t work.
The Bills and/or Erie Co share the blame in this. Why would you hire a company to install in-seat heating that has never done it before?
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2 hours ago, Kirby Jackson said:
Just found the “in seat heating” to be vague. Maybe you meant that the heaters within the seats didn’t work
Yes that’s exactly what I meant. The heaters in the seat didn’t work. I love the radiant heating.
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25 minutes ago, Kirby Jackson said:
Um, no it’s not. The seat heaters were a disaster.
Sounds like we agree? Not sure what you mean by “no it’s not”?
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1 hour ago, Mr Info said:
The Founder’s Club seats are heated seats and also have radiant heat overhead. Those seats and row depth are enormous. Rob could sit on Rex’s lap (nasty image) and they still would not reach the seat in front of them.
I love the radiant heating. It is plenty for me personally.
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1 hour ago, SoCal Deek said:
Are the actual seats heated? Or is this radiant heat being ‘cast’ down on them? If it’s the latter then it makes no difference if you’re standing. If it’s the former then I’ll bet money they’ll all be broken in three years…tops.
The in-seat heating didn't last long in the current clubs. It was pretty awful.-
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Josh Allen would own us if he was on the Chiefs and we had Mahomes.
QB is not why we are 0-3 against the Chiefs in the playoffs.-
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3 minutes ago, Kirby Jackson said:
We figured closer to the goal line would drop the cost. I’m at like the 10 and it went from $20k to $15k.
The anchoring effect in action! Very cool to see. For those who don’t know, this is a cognitive bias effect that we see wherein people rely heavily on the first piece of information offered (the “anchor”) when making decisions. In your example, the initial price of $20,000 sets the anchor. When the price is then reduced to $15,000 (closer to the endzone), this reduced price seems cheap in comparison to the anchor. However, if the “cheap” price was shown first, then it would have been seen as high (since it would be the anchor). We use the anchoring effect a lot in negotiations to influence the other parties perception of price fairness.
Congrats on the tickets. Whether others think it’s a good deal, bad deal, or fair deal, you now have a spot in the new stadium and that’s pretty cool regardless.
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1 hour ago, Kirby Jackson said:
It feels like a small win. I was thinking that it was going to be $20k per but holding out worked
They are reducing prices already?
29 minutes ago, Just Jack said:Your answer is too short. Needs to be about 3-5 paragraphs, of copying/pasting other posters info, but claim them as your own.
If you can link a single instance of this ever happening I will Venmo you $500.
I *really* want to see these other posters that are posting equations. I’m missing out on my type of folks!
1 hour ago, WotAGuy said:
Since @Einstein is in high-level meetings in India, let me just say you’ve been gouged.Delayed until the 28th. And moved to Delhi instead of Mumbai. Bummer.
People should pay whatever they feel is right for them. I’ve paid several hundred dollars for bottles of wine at a restaurant that I could purchase for $80 online. But the experience of drinking it at the restaurant, with friends and/or colleagues, in that atmosphere, was worth it to me.
As long as people understand what they are doing (the opportunity cost, the consequences, the benefits, etc) then have at it.
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28 minutes ago, mrags said:
Sure. Go ahead and post 3 more playoff games from the 90s bills and tell me how well you did on resale for those games.
In your mind, a 1990's Bills Playoff game = Regular season game in December after the team had lost 3 of our last 5 games? It was a regular season December game. Not a playoff game.
I don't see the correlation.I’m sorry that you mispriced your tickets for night games.
QuoteFirst you talk about how little money people have and how we can’t afford PSLs but then talk about how well resale is. When you haven’t even done it in 2+ years. But your next post will be to point out that the majority of fans in the area live in mom’s basement and flip burgers for $15/hr and cannot afford tix. But yet the stadium is sold out every game, and there’s a 7k person waiting list.
I never said you can't afford PSL's - I said PSL's will sell at a lower percentage rate as the team moves on to areas where fans with less income typically sit. In a completely separate conversation I spoke about how night games sold well. Those were two separate conversations not meant to be correlated.
Your inability to follow the conversation is not my fault. To be honest, I think what is actually happening is that you are taking my analysis of the PSL situation to heart, as a personal affront to you. I assure you that it wasn't meant that way. I'm not judging your decision to purchase. Not at all.
I didn't intend to hurt your feelings. I simply give my thoughts and that's it. You have every right to purchase a PSL and enjoy it. I hope you do. You can ignore me if you'd like - I wont take offense. -
1 minute ago, Just Jack said:
What section?
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Just now, mrags said:
Read what I typed again. And then think about your existence.
Trust me - I totally get it. Only games you deem as non-worthy night games count for your blanket rule of "night games don't sell well".
September doesn't count. December doesn't count. Playoff games don't count (although you previously said that playoff games don't sell well). I could post 3 more examples and it wouldnt matter.
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Just now, mrags said:
The first real playoff game in the stadium because Covid robbed us from the Colts game (and high I was at) and the Baltimore game.
Playoff games aren't played in December...
That was a game played when we were 7-5, coming off 3 losses in our last 5 games.
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8 minutes ago, mrags said:
try it now with a Monday night game in October and tell me how you do.
Let me guess - December dosn't count either.
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26 minutes ago, mrags said:
HAHAHAHAHAHA!!!!!!!!!!!!!!
are you kidding me dude? Your really going to argue that selling your tickets to the season opener, the year after we lost in the .13 game, the year we signed Von Miller, the year that every single media outlet had us as the front runner for the years AFC Super Bowl contender, which happened to be a night game. And you want to tell me you didn’t lose money on those tickets? Yeah….. NO CHIT!!!!
you are absolutely crazy dude. I can no longer read a single thing you ever write and take you with seriousness at all in any way shape or form.
That was a night game, right? -
1 hour ago, mrags said:
When was the last time you sold night games? Because I did last year and I can tell you I had a hard time selling 1 night game. Lost money on one playoff game. Didn’t even get what I paid for them, and barely covered the other playoff game.
Titans game where we smashed them.
What price did you set the tickets at?
26 minutes ago, JakeFrommStateFarm said:I also put a good percentage towards my 401K as well.
Don't you all have kids to send to college too ?
The vast majority do not do either of these things. You're falling into the trap of "I do these things, therefore others do as well". It's an easy trap to fall into.
There was a study done last year that showed that more than half of America has ZERO saved for retirement. Literally 0. Nothing. Zip. Nada.
And they certainly are not saving for college education either.
My good friend worked for a car dealership. He would often tell stories of people on welfare and food stamps that would arrive and request to test drive a vehicle with a $500 per month payment. Sometimes he even got them approved (I believe with some smudging of numbers). They happily drove off.
People have no problem spending $89 per month for Bills seasons.
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13 minutes ago, WotAGuy said:
You’re making a convincing argument that even average earners can afford the new $15,000 PSLs. A 10-year loan at 10% interest is about $200/month.
If that was the only payment, yes. But you're forgetting - it will be the PSL payment, PLUS the season ticket payment. A PSL payment of $200 is double what they spend on seasons right now, and the season ticket payment will likely go up by at least 50% as well. In essence, we are talking about a 3x increase in cash outlay.
Another place where price sensitivity will come into play with lower earners is the down payment required. I saw one person was quoted a down-payment of $8,000. I don't know the terms, but that surprised me and is likely where the lower earners will struggle (ie: see my comments on elasticity of demand). -
9 hours ago, mrags said:
Actually the night games don’t necessarily sell that well.
Then you are either charging too much or are in the wrong section. My night games sold like hot-cakes. I kicked myself for not pricing them higher because they were gone so quickly.
NOTE: The exception to this is Thursday night games. Those suck.
I do watch some other STH's on Ticketmaster just sit on their tickets though. And it's almost always because they have them priced at something stupid like $700 per ticket. Of course they aren't selling at that price. -
2 hours ago, Royale with Cheese said:
A guy that takes home $3,200 a month, that $1,100 hurts him a lot more. That's only $2,100 leftover. Mortgage/Rent, groceries, utilities, car payments, general family every day costs....
Are you under the impression that it is $1,100 per MONTH?
It's not.The 300-level is (on average - sections vary) 9 monthly payments of $89 per month. The 100 level is on average 9 monthly payments of $122 per month.
Therefore if you wanted to use a monthly budget, it would be $3,200/mo take home, with $3,111 left after budgeting the seasons in the 300's, and $3,078 leftover in the 100's.
2 hours ago, Royale with Cheese said:yeah that guy isn't buying $1,100 tickets.
Yeah, they are.
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2 minutes ago, Kirby Jackson said:
I think that it is certainly doable for the Bills. You can sell 2, max 3 games, and pay for your season.
Yep.
If it’s a night game, you may only have to sell 2.
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2 hours ago, Royale with Cheese said:
The take home pay of someone around $50,000 is roughly $3,300. $1,100 for a ticket is 1/3 of their monthly take home pay.
The take home pay of $150,000 is $9,400/month.
$3,000 per ticket is 1/3 of their monthly take home pay.
See a similarity here? Again, this is all on purpose. The Bills (and other teams) calculate these prices for the exact reason i’m showing home.
Pegulas selling 25% of the Bills, per Tim Graham
in The Stadium Wall
Posted
If you believe the rumors, they have been trying to sell the Sabres for about 9 months now.