Let's Analyze 4th Place Prize Money In Private Leagues
Posted: Fri Apr 20, 2018 10:07 am
There has been a request on the Message Boards for the NFFC to look at the way we pay out prize money in our high-dollar private leagues. Those would include the Platinum, Diamond, Ultimate and Super Leagues.
Right now we allow four teams to reach the Championship Round in those leagues and we pay the Top 3 teams from Weeks 14-16. We also allow the eight other teams to compete for one prize in the Consolation Round in Weeks 14-16. That's the payout structure in each of our leagues.
The request is to provide a cash prize to the 4th place team in those leagues rather than give a cash prize to the top scoring team in the Consolation Round. The thinking is that if you're good enough to make the Championship Round, you should leave with something rather than nothing. We understand the request.
Before diving into the numbers, please understand our rationale in setting the prizes the way we do. We do believe that if you are in the Championship Round you have a 1 in 4 shot of winning the league title and the top prize. That is what everyone is concentrating on. We also want every team to play for every point during the regular season in these private leagues and by keeping everyone in contention for some prize it accomplishes that goal. The Consolation Round also allows all 12 (or 14) teams to keep playing for some type of prize for 16 weeks of the season. Ending the season after Week 13 for 75 percent of the teams doesn't seem productive, especially when some of those teams could be out of contention for prize money after 10 or sooner.
So that's where we are, and we certainly understand the request for a change. So let's look at the facts:
Last year we had 9 private high-stakes leagues where four teams made the Championship Round and 8 (or 10) teams were in the Consolation Round competing for a prize. We paid 3 of the 4 teams in the Championship Round, meaning that one team didn't earn any prize money. The Consolation Round winner won one-fifth of their entry fee. While that wasn't much, it still was something to play for. In most of these leagues, 98 percent of the prize money goes to those teams in the Championship Round and 2 percent goes to one team in the Consolation Round.
Okay, so here's the facts from those 9 leagues last year:
** In all 9 leagues, the Consolation Round winner finished with more points in Weeks 14-16 than the 4th place team in the Championship Round.
** In 4 of 9 leagues, the Consolation Round winner finished with more points from Weeks 1-16 than the 4th place team in the Championship Round. Now conversely, that means that 5 fourth place teams had more points for the season than the Consolation Round winner, so that's worth nothing.
** The Consolation Round prize winners finished the regular season in their leagues with these point totals:
5th highest (3 teams)
6th highest (3 teams)
7th highest (1 team)
9th highest (1 team)
11th highest (1 team)
This shows a wide mix, proving that you can come back from 9th or 11th during the regular season to still win prize money, or you can just miss out on the Championship Round and still win something with a strong Week 14-16 showing.
** No team that finished fourth in the Championship Round won regular season prize money. In other words, no h2h league champion or total points champion finished out of the money in the Championship Round. All of those teams finished in the Top 3 and got additional prize money. Of the teams that finished 4th in the Championship Round and didn't receive prize money they finished the regular season:
2nd in total points (1 team)
3rd in total points (2 teams)
4th in total points (6 teams)
I will say that in most of these leagues there was a pretty good divide between the Top 4 teams and the non-Championship Round teams. But in one league the 5th place team missed the Championship Round by 4.9 points and then easily won the Consolation Round. So there are still a lot of good teams that just didn't make the Championship Round.
Here's the individual league results:
Platinum League: Consolation Round champion was won by the team that finished 5th in points during the regular season and he outscored the 4th place team by 53 points in the season point totals.
Diamond League: The Consolation Round champion finished 11th among 12 teams during the regular season and then outscored everyone except the Diamond champion in Weeks 14-16 to win $2,000.
Ultimate 12-Team Las Vegas League: The Consolation Round champion was won by the team that finished 5th during the regular season. The team that finished fourth was 3rd during the regular season. That team still outscored the Consolation Round champion for all 16 weeks, but was outscored by that team in the last three weeks by 23.59 points.
Ultimate 12-Team Online League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth was outscored by that team during the least three weeks by 91.96 points and finished with fewer total points for the season than the Consolation Round champion.
Super Online Sept. 2nd League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth in the Championship Round finished 2nd in points during the regular season. The Consolation Round champion finished the year almost 200 points behind the fourth place finisher, but he did outscore that team in Weeks 14-16 by 11.08 points.
Super Online Sept. 3rd League: The Consolation Round champion was won by the team that finished 5th during the regular season. The team that finished fourth was fourth during the regular season and was outscored by the Consolation Round champion in Weeks 14-16 by 57.36 points and finished 37.06 points behind that team for the season.
Super Online Sept. 6th League: The Consolation Round champion was won by the team that finished 7th during the regular season. The team that finished fourth had finished third during the regular season in points and finished with more points than the Consolation Round champion for the season. It was outscored by that team in Weeks 14-16 by 6.68 points, however.
New York Super League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth was also fourth during the regular season and made the Championship Round by just 4.9 points. The Consolation Round champion then outscored that team in Weeks 14-16 by 57.12 points.
Las Vegas 14-Team Super Auction League: The Consolation Round champion was won by the team that finished 9th during the regular season. The team that finished fourth had been third in points during the regular season but was outscored by that Consolation Round champion by 105.8 points during Weeks 14-16.
Our analysis:
It's pretty strong evidence that teams can still finish low in total points during the regular season and still win some type of prize. It also shows that not every fourth place finisher was the fourth best total points team in that league. At this point, we don't see a reason to change the prize structure in every league, and in fact, we believe it does give reason for every team in every league to continue fighting for every possible point for 16 straight weeks. There is an incentive for everyone to keep on playing, even if that prize is only 2% of the total prize pool.
Thoughts? We are interested in everyone's feedback, but at least we now have facts to talk this through. Thanks all.
Right now we allow four teams to reach the Championship Round in those leagues and we pay the Top 3 teams from Weeks 14-16. We also allow the eight other teams to compete for one prize in the Consolation Round in Weeks 14-16. That's the payout structure in each of our leagues.
The request is to provide a cash prize to the 4th place team in those leagues rather than give a cash prize to the top scoring team in the Consolation Round. The thinking is that if you're good enough to make the Championship Round, you should leave with something rather than nothing. We understand the request.
Before diving into the numbers, please understand our rationale in setting the prizes the way we do. We do believe that if you are in the Championship Round you have a 1 in 4 shot of winning the league title and the top prize. That is what everyone is concentrating on. We also want every team to play for every point during the regular season in these private leagues and by keeping everyone in contention for some prize it accomplishes that goal. The Consolation Round also allows all 12 (or 14) teams to keep playing for some type of prize for 16 weeks of the season. Ending the season after Week 13 for 75 percent of the teams doesn't seem productive, especially when some of those teams could be out of contention for prize money after 10 or sooner.
So that's where we are, and we certainly understand the request for a change. So let's look at the facts:
Last year we had 9 private high-stakes leagues where four teams made the Championship Round and 8 (or 10) teams were in the Consolation Round competing for a prize. We paid 3 of the 4 teams in the Championship Round, meaning that one team didn't earn any prize money. The Consolation Round winner won one-fifth of their entry fee. While that wasn't much, it still was something to play for. In most of these leagues, 98 percent of the prize money goes to those teams in the Championship Round and 2 percent goes to one team in the Consolation Round.
Okay, so here's the facts from those 9 leagues last year:
** In all 9 leagues, the Consolation Round winner finished with more points in Weeks 14-16 than the 4th place team in the Championship Round.
** In 4 of 9 leagues, the Consolation Round winner finished with more points from Weeks 1-16 than the 4th place team in the Championship Round. Now conversely, that means that 5 fourth place teams had more points for the season than the Consolation Round winner, so that's worth nothing.
** The Consolation Round prize winners finished the regular season in their leagues with these point totals:
5th highest (3 teams)
6th highest (3 teams)
7th highest (1 team)
9th highest (1 team)
11th highest (1 team)
This shows a wide mix, proving that you can come back from 9th or 11th during the regular season to still win prize money, or you can just miss out on the Championship Round and still win something with a strong Week 14-16 showing.
** No team that finished fourth in the Championship Round won regular season prize money. In other words, no h2h league champion or total points champion finished out of the money in the Championship Round. All of those teams finished in the Top 3 and got additional prize money. Of the teams that finished 4th in the Championship Round and didn't receive prize money they finished the regular season:
2nd in total points (1 team)
3rd in total points (2 teams)
4th in total points (6 teams)
I will say that in most of these leagues there was a pretty good divide between the Top 4 teams and the non-Championship Round teams. But in one league the 5th place team missed the Championship Round by 4.9 points and then easily won the Consolation Round. So there are still a lot of good teams that just didn't make the Championship Round.
Here's the individual league results:
Platinum League: Consolation Round champion was won by the team that finished 5th in points during the regular season and he outscored the 4th place team by 53 points in the season point totals.
Diamond League: The Consolation Round champion finished 11th among 12 teams during the regular season and then outscored everyone except the Diamond champion in Weeks 14-16 to win $2,000.
Ultimate 12-Team Las Vegas League: The Consolation Round champion was won by the team that finished 5th during the regular season. The team that finished fourth was 3rd during the regular season. That team still outscored the Consolation Round champion for all 16 weeks, but was outscored by that team in the last three weeks by 23.59 points.
Ultimate 12-Team Online League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth was outscored by that team during the least three weeks by 91.96 points and finished with fewer total points for the season than the Consolation Round champion.
Super Online Sept. 2nd League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth in the Championship Round finished 2nd in points during the regular season. The Consolation Round champion finished the year almost 200 points behind the fourth place finisher, but he did outscore that team in Weeks 14-16 by 11.08 points.
Super Online Sept. 3rd League: The Consolation Round champion was won by the team that finished 5th during the regular season. The team that finished fourth was fourth during the regular season and was outscored by the Consolation Round champion in Weeks 14-16 by 57.36 points and finished 37.06 points behind that team for the season.
Super Online Sept. 6th League: The Consolation Round champion was won by the team that finished 7th during the regular season. The team that finished fourth had finished third during the regular season in points and finished with more points than the Consolation Round champion for the season. It was outscored by that team in Weeks 14-16 by 6.68 points, however.
New York Super League: The Consolation Round champion was won by the team that finished 6th during the regular season. The team that finished fourth was also fourth during the regular season and made the Championship Round by just 4.9 points. The Consolation Round champion then outscored that team in Weeks 14-16 by 57.12 points.
Las Vegas 14-Team Super Auction League: The Consolation Round champion was won by the team that finished 9th during the regular season. The team that finished fourth had been third in points during the regular season but was outscored by that Consolation Round champion by 105.8 points during Weeks 14-16.
Our analysis:
It's pretty strong evidence that teams can still finish low in total points during the regular season and still win some type of prize. It also shows that not every fourth place finisher was the fourth best total points team in that league. At this point, we don't see a reason to change the prize structure in every league, and in fact, we believe it does give reason for every team in every league to continue fighting for every possible point for 16 straight weeks. There is an incentive for everyone to keep on playing, even if that prize is only 2% of the total prize pool.
Thoughts? We are interested in everyone's feedback, but at least we now have facts to talk this through. Thanks all.