Diagnosis/Treatment â Your physician will test your hipâs range of motion initially, then could order an X-ray to rule out fractures or other issues and finally order an MRI with contrast injected to define a labral tear. Costs â The hip MRI will cost $475 in New York City, while the hip X-ray would cost just $90. Hip Pointer: A hip pointer injury is painful, but not career-ending for athletes. Itâs caused when you get hit or fall on the ground on your side. There will likely be a lot of pain and bruising.