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Cubs' season ticket prices set for increase in '16

Cubs season ticket holders can start thinking about next year. The team sent a letter Friday to its season ticket holders to explain the renewal process for 2016, prepare them for an increase in cost and offer a chance to relocate if desired.

The Cubs posted a 24-game turnaround and won 97 games in 2015, reaching the postseason for the first time since 2008. Colin Faulkner, vice president, sales and partnerships, said Friday that nearly 1.2 million people sought to purchase Cubs postseason tickets. There now are more than 73,000 on the Cubs' season ticket waiting list.

According to the Cubs' data, the average ticket price increased more than 20 percent from 2014 to 2015 on the secondary market.