As the first “cold-weather Super Bowl” approaches, thousands of tickets remain unsold. At least somebloombergbizweek_341x199 fans are waiting for the weatherman to tell them just how chilling the “fan experience” might be before paying more than $1,000 per ticket for a winter’s night in the New Jersey grandstands. For the National Football League, the problem runs deeper than freezing temperatures: Attending a football game has become an exceptionally poor value in comparison with viewing it on a giant high-definition screen from the comfort of your couch.

I’m well acquainted with just how painful the fan experience can be. On a frigid night in November, I attended the Patriots-Broncos game at Gillette Stadium in Massachusetts. It was just before halftime when the battery in my iPod Shuffle ran out and the already low quality of my experience declined dramatically. For the better part of two quarters, this New England fan suffered through a performance that featured three lost fumbles, leading to a 24—0 deficit to the visiting team led by Peyton Manning. A wind chill below zero made things worse. And now my radio was dead.

Since its opening in 2002, Gillette Stadium has been regarded as one of the finer NFL arenas with larger video boards, a high-capacity Wi-Fi network, a smartphone app for fans, and other comforts. The Patriots are among a minority of teams that sell out every home game. Most teams aren’t that fortunate: Since 2008, an average of 23 of the 32 NFL teams failed to sell out every home game—some by just a few thousand, others by 10,000 or even 15,000. It was even a struggle to sell out three of the four divisional playoff games this year.

What questions might this raise for NFL owners? As broadcast revenue rises, will it remain economical—or even possible—for the stadium experience to compete? Could the days of 60,000-plus seat stadiums be numbered, replaced by 15,000-seat stadiums optimized for the most ardent fan? How important are fans in the stadium to the NFL broadcast product anyway?

Few NFL team owners seem willing to reconsider whether their stadium experiences will ever win the battle they are waging with the disruptive home TV experience. One thing is certain: They will not win if they keep offering a static experience that costs more and more. For the 2013 season, the average NFL ticket cost $82—that’s up more than 50 percent from 10 years earlier and doesn’t include the ever-growing cost of parking or refreshments.

One job that television does better than watching from the stands is providing announcers that tell you what’s happening. On that frigid November night, I no longer had radio announcers giving me the ins and outs of each play. I had next-to-no idea which players were on the field, which players had been injured, and only a limited sense of the historical significance of what was unfolding in front of me.

Read the full article at Bloomberg