Here's Why Tickets to Baseball's Best, the A's, Are a Steal
NEW YORK (TheStreet) -- By just about any metric you can think of the Oakland Athletics have been the best team in baseball. Not only is the team's 47-29 record the best in Major League Baseball, but also they've scored the most runs and given up the fewest.
The A's easily lead the American League in Baseball Reference's Simple Rating System (SRS), more than doubling the next-best figure. Yet, despite all these accolades, the A?s still have one of the cheapest tickets in the league at an average price of $68.21, according to TiqIQ.
Baseball Reference describes SRS as the number of runs per game a team is better than an average team. The site uses run differential and strength of schedule to determine each team's figure, and the A's received a 1.8 rating. The Los Angeles Angels are the next best team at 0.7.
Overall, the league average ticket price on the secondary market in the MLB this year is $80.18. So if we want to use SRS determine the best value, this year an average price of $80.18 should equal an SRS of 0. By that same logic Oakland Athletics tickets could average $224.50 and still be of equal value [$80.18 + ($80.18 x 1.8)]. That means the A's could have the most expensive tickets in the league by far and still be a fair value.
By contrast, Boston Red Sox and New York Yankees tickets are easily the two most expensive ticket averages at $142.17 and $142.60, respectively. Even though they do not have similar win-loss records, both teams also have an SRS of -0.2, meaning a fair value for tickets would be $64.14.There are nine teams in the league below the average price of $80.18 that have an SRS of 0 or higher. Interestingly, two other AL West members, the Los Angeles Angels and Seattle Mariners, are near the top of the list in terms of value. Both teams have an SRS of 0.7, the second-highest figure in the league, and an average ticket price below $65. The average price for Los Angeles Angels tickets is $62.35 and the Mariners average price is $64.78. But even fair value for them pales in comparison to what the A's could charge. Both teams could have average ticket prices of $136.31 -- which would be the third-highest figure in the league -- and still be of fair value. That makes the $60+ savings great for both fan bases, but pales in comparison to the over $150 fans of the A's get using the same metric. The A's have been the best team in baseball this season, even if ticket prices don't reflect that. Using Baseball Reference's SRS metric the A's could charge well over $200 for an average ticket and be a fair value in the league. Instead, A's tickets are even below the league average, making tickets to A's game the best value in the league so far this season. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff. >>Swing Trade Ideas for Tuesday, June 24: FireEye, Groupon, More
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV