Judge Michael Chambers KC described the incident as a senseless murder of an innocent teenager.
He said the reasons behind the attack may never be known and he would sentence the two defendants on the basis of significant immaturity.
Judge Chambers told the court the two were jointly and equally culpable for what happened after a chance meeting on Francise Street in Walsall on 7 December 2022.
“I am satisfied that immediately after the meeting a plan was formed between the two of you to fatally assault Jack Norton,” he said.
Due to his time on remand in detention, the youth will spend almost 14 years in custody before he is eligible for parole.
Price, who was released from prison for violent offences just three months before the incident, will serve almost 19 years before he is eligible.
The pair’s defence counsels said both had mitigating factors of young age, mental difficulties and troubled backgrounds.
“He is clearly and evidently a damaged and immature young man,” Phil Bradley KC said of Price.
“From a very young age he didn’t have the full and proper support of a loving family. Both mum and dad were drug addicts.”
Michelle Heeley KC, defending the youth, said he had not had a single visit from a family member during a year in youth custody.
“What he is facing is a term that is longer than the life he has already lived,” she said.