Sacramento Kings ticket prices will be going up for the 2014-15 season.
The team says some of the increase is due to a new 5 percent surcharge that will help fund construction of a downtown arena.
"We're very mindful of what happens on the secondary ticket market, which is sort of a pure look at supply and demand," he says. "And, certainly, we see that as prices increase over time on the secondary market, there's an appetite and a willingness to pay more for tickets." ~ Chris Granger, Kings president
Granger says the team monitors resale prices for tickets every day, and that demand increased immediately after the team changed owners.
Prices will increase by as little as a dollar and by as much as $50 depending on the seats. The price increase for each seat as not yet been determined. Tickets for Wednesday's game ranged from $15 to $825.
Scott Welder was at Sleep Train this morning to buy a ticket for a game in March.
He says he doesn't mind the smallest of the increases, "I'm OK with a dollar."
As for the high end of the increase, he doesn't mind that either.
"I’d never be able to sit in those seats anyway. So, it doesn’t matter to me." ~Scott Welder, ticket buyer
This is the first price increase for Kings tickets in five years.
(AP) -- Sacramento's eminent domain lawsuit against the owners of a former Macy's department store downtown will be tried in the city.
A Sacramento County Superior Court Judge has ruled against two groups that sued the Sacramento City Clerk over her decision to keep an arena-funding measure off the June ballot.
A Sacramento Superior Court Judge has told attorneys he is inclined to rule against two groups suing the City of Sacramento. They are suing over rejected arena-funding petitions.
Sacramento Mayor Kevin Johnson delivered his State of the City address with the great majority of it focused on the proposed downtown arena.
Plans for a new Sacramento Kings arena are getting good reviews from new NBA Commissioner Adam Silver.