Originally posted on Pro Sports Daily  |  Last updated 8/19/13
Despite the perception they have slid in the Eastern Conference power rankings especially behind the Brooklyn Nets the Knicks maintain business is booming. According to data that will be announced publicly Wednesday on the Garden's earnings call the Knicks' season-ticket renewal rate skyrocketed to more than 97 percent - the highest renewal rate for the club in more than 10 years. Last year's renewal rate was 95 percent. Part of that boost may be the notion this is their last best crack at legitimately competing for a championship in what could be Carmelo Anthony's last season as a Knick. The increase occurred despite a 6.4 percent average ticket price hike due to the last stage of the arena's $1 billion three-year transformation. The Knicks finished as second seed in the East but some early pundits believe they may be fifth-best in 2013-14. The Rangers also saw gains -- with a season-ticket renewal rate of more than 92 percent -- its highest in five years. Two years ago the Rangers renewal rate was 85 percent. According to new Garden president Dave Howard season tickets for both franchises will sell out shortly. That will mark the fourth straight year the Knicks season tickets have sold out.
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