Features
NFL Removes Price Floor
The NFL previously mandated that tickets on its official resale site and secondary ticketing sites like StubHub should not move for less than the original price.
“Under the NFL’s price floor scheme, fans were forced to pay inflated prices for even the least desirable NFL games. That is a slap to both sports fans and free markets,” New York Attorney General Eric Schneiderman said in a statement.
The agreement between the NFL and the attorneys general of New York, Florida, Massachusetts, Ohio, Pennsylvania and the District of Columbia saw the NFL providing $100,000 for legal expenses and agree that, moving forward, the league would cease “formally or informally coordinating or encouraging pricing practices among its member clubs,” the New York Times reports.
The investigation reportedly did not find that the setting of a price floor negatively impacted consumers.