What Is Going To Happen To High-Stakes Fantasy Football?

Greg Ambrosius
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Greg Ambrosius » Sat Jun 11, 2011 1:19 pm

One thing I would like to add tonight is that no matter what happens to the WCOFF going forward I feel terrible for Lenny and Emil. I know they sold the WCOFF in 2077 after 5+ solid years of growing the business and they profited by the sale. But it still has to feel sickening to see something you built from a dream being at this stage just four years later. To see the 10th anniversary season going like this just has to be a sickening feeling.

I hope people realize what Lenny and Emil did in 2002 and how improbable this all seemed. I ran the Fantasy Sports Trade Conference at that time and in August of 2000 CBS Sportsline.com shocked the entire industry by announcing that their very popular commissioner product was changing from a pay model to a free model. They basically were going for a major land grab and using their top product to push millions of fantasy players to their site. It changed the landscape in A HURRY.

Soon you had the entire industry mulling over free vs. pay. Pay content sites had to figure out if free was a better model and obviously the other big media sports sites had to think about changing their financial models to recruit eyeballs and finance expenses via banner advertising, not paid subscriptions. It was an incredible change for the industry.

During the next 18 months, Sportsline went from pay to free and back to pay again, but many other sites went to free when Sportsline changed course again. That free model had been proven to be the right call for anyone going for a land grab and there was no turning back.

Then in the winter of 2002, there was an ad for something called the World Championship of Fantasy Football with a $200,000 grand prize and a $1,250 entry fee per team. They were looking for 600 teams, an improbable number when the industry was leaving the pay model for the free model. I remember when this ad came in for our May 2002 baseball issue of Fantasy Sports Magazine and I asked our ad manager Chris Adamski who the hell was taking this ad out. He said Lenny Pappano from Draft Sharks, the guy who always takes the ad out after our Cheat Sheets. I told Chris to take cash with that ad because this contest HAD NO CHANCE IN HELL of succeeding!! :D Those were my exact words.

We took the ad and I later interviewed Lenny for a story on the WCOFF in our August football issue. At that point there was some momentum for this event and it looked like it was going to go off even if they didn't get 600 teams. I was happily surprised for Lenny and for our industry. I didn't take a team that year, but I did go out to Las Vegas to compete in the Friday night Experts Draft they held at the ESPN Zone and to help someone else draft on Saturday morning.

When I flew out of Green Bay we had about 8-10 teams going out there for the draft. That amazed me. On Friday night at the ESPN Zone, I was totally amazed that they had rented out the entire restaurant for a kickoff party with food and drinks. That was one of the most energetic nights I've ever seen in this industry. And on Saturday morning when everyone first entered the draft room -- we had to wait outside for a long time as Lenny and Emil got the room set up -- I remember someone behind me saying "This is the F---ing Super Bowl of Fantasy Football!!!" I totally agreed with him and couldn't believe the excitement of that draft with 552 teams -- over 800 die-hard fantasy players -- entering one room. It was an amazing accomplishment by Lenny and Emil.

I told both guys how proud I was of them during the break, but both of them were like in another world. They both looked totally wiped out and stressed about the whole thing. The fact that they both probably dipped into their own pockets to make that first year a go at the advertised prize pool probably had something to do with their attitudes too. But I knew that if we could work together on baseball that we'd get at least 300 teams in Las Vegas for a similar event during March Madness.

We never got to work together for reasons I wish never had happened because I know that me, Lenny and Emil would have put on two great shows a year and expanded to multiple cities by 2003. It would have been very tough for anyone to compete with us in football and baseball with us working together. That was the plan for both baseball and football, with Krause's adding the staff to make that possible. But instead we became competitors in the same space and they eventually sold to Jesse and Dustin, and Krause's got bought out by F+W Media, which sold the NFFC/NFBC to Fanball in 2009. Wow, what a wild time for all of us.

I hope to see Lenny and Emil in San Francisco next week, but I'm not sure either one is going to the FSTA Conference. If I do see them, I'll again congratulate them on a job well done, on a vision nobody else had at that time, and for best wishes the rest of the way. No matter what happens down the road, what these two guys did for the industry is historic and needs to be honored.

I'm part of the FSTA's Hall of Fame Committee and a past inductee and I'll do what I can to get those guys in the FSTA Hall of Fame down the road. They are very deserving. Both are pioneers in their own right -- Emil with Fantasy Pro Forecast and Lenny with Draft Sharks -- but what they did with the WCOFF changed the landscape forever. They pioneered an area of the space that has grown into one of the biggest pay revenue areas in the industry. They created that space. Anything I did or anyone else did after that was learning from their creation. They are true pioneers in the industry and they should be FSTA Hall of Fame members.

Thankfully, the three of us always maintained a good relationship even during our competitive ways. We realized there were enough players around to allow both of us to be successful. We never got into the wars for players or anything else like that. We both sold out in our specialties and had different games. There wasn't any type of poaching off the others' ideas or customers. Just innovative games that attracted players to both contests.

Let's hope the WCOFF pays off its players and lives to see a 10th anniversary season. But no matter what happens in the future -- good or bad -- it can't take away from what Lenny and Emil created in 2002. Well played guys, well played. :D

[ June 11, 2011, 07:26 PM: Message edited by: Greg Ambrosius ]
Founder, National Fantasy Football Championship & National Fantasy Baseball Championship
Twitter: @GregAmbrosius

slam
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by slam » Sun Jun 12, 2011 5:51 am

Well said Greg.

Lenny told me the first year ESPN zone story for his interview in Fantasy Football Guidebook ...they really put it all on the line for that first year.

That and walking into the Draft room on Saturday for the WCOFF drafts are the two most memorable fantasy football memories I have.
Author, Fantasy Football Guidebook: Your Comprehensive Guide to Playing Fantasy Football and Fantasy Football Tips: 201 Ways to Win through Player Rankings, Cheat Sheets and Better Drafting (Available at www.fantasyfootballguidebook.com )

Greg Ambrosius
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Greg Ambrosius » Sun Jun 12, 2011 6:33 am

Originally posted by slam:
Well said Greg.

Lenny told me the first year ESPN zone story for his interview in Fantasy Football Guidebook ...they really put it all on the line for that first year.

That and walking into the Draft room on Saturday for the WCOFF drafts are the two most memorable fantasy football memories I have. Good stuff Sam. I remember taking that long, long walk down to the MGM Convention Center with hundreds of people wearing NFL uniforms!! I knew I was in the right crowd then and a lot of guys were hung over from the night before!! :D But everyone was so pumped and once we got down to the Convention Center you could see how much space was reserved for this from the outside. It was damn impressive. Unfortunately, the doors stayed shut for quite a bit and people got a bit antsy, but once they opened the doors it was euphoria and an incredible sight to see.

Like you said, Lenny and Emil put it all on the line that year and spent their own money to guarantee a successful debut and a big prize pool. That fantastic first season is what created a sellout in Year 2 before the end of July and a sellout in Year 3 by the middle of July and sellouts in Years 5 and 6, too. It was amazing. Oh, and their Message Boards were "Must See TV" back then!! :D I mean, it was really one of the first good message boards that I found back in 2002-03. I couldn't believe how many daily posts there were and how intense those guys were. I knew I had to be part of this business with that instant communication with your customers.

Good luck in all your leagues this year Sam and if you ever venture back into the 14-team format -- or want a new 12-team format -- we have a good one here for ya. ;)
Founder, National Fantasy Football Championship & National Fantasy Baseball Championship
Twitter: @GregAmbrosius

Greg Ambrosius
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Greg Ambrosius » Mon Jun 13, 2011 11:29 am

Chad Schroeder, our 2010 NFFC Primetime champion, just posted on our NFBC boards that he is owed $255,000 by the WCOFF right now. WOW. He won the $200,000 grand prize in the debut WCOFB and is still owed on his Platinum win in the WCOFF. That's a serious total. Check out what Chad has to say here:

http://nfbcboards.stats.com/cgi-bin/ult ... p=3#000042

C'mon Dustin, it's time to settle up with Chad and all of these other winners from last season. At the very least, it's time to give an honest answer to whether these folks will get paid anytime soon or not. This is a bigger total than a lot of folks have expected and it's making this a tough, tough situation for everyone involved.
Founder, National Fantasy Football Championship & National Fantasy Baseball Championship
Twitter: @GregAmbrosius

Erok
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Erok » Mon Jun 13, 2011 5:27 pm

I always thought WCOFF took too big of a percentage too from every draft/league they ran.

Now it appears they have just stolen all of the funds.

Greg Ambrosius
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Greg Ambrosius » Tue Jun 14, 2011 4:42 am

Today is a complete day of seminars at the FSTA Trade Conference in San Francisco, including the Prizes Panel late this afternoon. There was a lot of industry chatter last night about the high-stakes space and what is going on with prizes, but there isn't anything I want to post at this point. I'll provide updates in the next day or two and hopefully more information is provided that will at least help consumers find some direction in these muddy waters. Stay tuned.
Founder, National Fantasy Football Championship & National Fantasy Baseball Championship
Twitter: @GregAmbrosius

mkrucek
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by mkrucek » Tue Jun 14, 2011 5:15 am

Update from the FPA -

Reputable business practice?

Wow, although does anything going on there surprise you now?
You'll be fine long as your pretty face holds out, then it's gonna get pretty cold out...

thegambler
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by thegambler » Tue Jun 14, 2011 5:24 am

4D you sure have it out for the wcoff.....did dustin screw your wife or something?

for a guy that hasn't played there in a couple of years you still have a big hard on for them.

da bears
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by da bears » Tue Jun 14, 2011 5:39 am

Like others have said the really sad thing is that the WCOFF is still accepting entry fees for 2011.

As evidenced by Scott's FPA update I wonder how many people have been suckered in?? :(

[ June 14, 2011, 11:40 AM: Message edited by: da bears ]
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Tom Kessenich
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What Is Going To Happen To High-Stakes Fantasy Football?

Post by Tom Kessenich » Tue Jun 14, 2011 5:44 am

Originally posted by da bears:
Like others have said the really sad thing is that the WCOFF is still accepting entry fees for 2011.

As evidenced by Scott's FPA update I wonder how many people have been suckered in?? :( The concern that I see is they took baseball signups while knowing they couldn't pay all of their football prize winners and now they're taking football signups even though many prize winners still haven't been paid. These are the types of practices which hurt all of us in the industry because it will drive people away, perhaps for good.

All people need to do is read Chad Schroeder's post last night on the NFBC boards to see the ramifications. Chad's one of the top participants in the Live Event space and he may leave for good because of what has happened with him. So this isn't just a WCOFF issue. It impacts that event, our events and FFPC as well because Chad plays with all of us. That's why resolving this issue is so vital to the health of this industry. We can't afford to see people sour on a great part of our industry because one more entity failed to deliver as promised.

[ June 14, 2011, 11:45 AM: Message edited by: Tom Kessenich ]
Tom Kessenich
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