Next year suggested prize payout

BillyWaz · Post by **BillyWaz** » Wed Dec 01, 2004 5:11 am

Originally posted by Gordon Gekko:
quote:Originally posted by BillyWaz:
Gekko, unless I missed the memo where you are now an employee of Krause Publications and will be making the rules for the 2005 NFFC, I think my (and everyone else's) opinion is just as valuable as yours!

can't be an employee of KP and still play. sorry.

everyone has an opinion, that is correct. as far as value of the opinion, let each post stand on its own. [/QUOTE]Absolutely Gekko! I wasn't sure if you understood that sometimes your opinion MIGHT not be the best one out there!

lichtman · Post by **lichtman** » Wed Dec 01, 2004 5:44 am

I really like the concept, but you might need to scale down the prize somewhat. A $200k profit before all expenses isn't that appealling. Probably wouldn't even pay Greg and Tom's salary for six months!

Gordon Gekko · Post by **Gordon Gekko** » Wed Dec 01, 2004 6:12 am

Originally posted by BillyWaz:
Absolutely Gekko! I wasn't sure if you understood that sometimes your opinion MIGHT not be the best one out there! i don't believe i've ever said i was always right or that i always had the best opinion. just off the top of my head, i think i've thrown out about a dozen compliments to MB posters over the course of the season. if it's a good idea or post, it will be recognized.

on the flip side...if the post is BS or mostly BS, i'll either not respond...or respond with only a few words

[ December 01, 2004, 12:13 PM: Message edited by: Gordon Gekko ]

Gordon Gekko · Post by **Gordon Gekko** » Wed Dec 01, 2004 3:21 pm

Originally posted by BillyWaz:
Not EVERY week Gekko. Just the top 5 Weekly scores FOR THE SEASON would get paid. For example, if 3 teams score 228, 220, and 213 in Week 13, and the previous high weekly score for the week was 210, then ALL three of these teams just moved into the top 3 spots. reread your initial post, that's not what it said ("FOR THE SEASON").

Originally posted by BillyWaz:
I really think this would keep people (no, it wouldn't stop everyone!) putting their BEST lineup on the field each week!to be honest, it wouldn't do a damn thing as far as deadbeat owners.

Originally posted by BillyWaz:
Who is to say Greg and Tom can't go lower on the league winner? each league winner needs $5K+...otherwise you will lose market share. drop it and see.

Originally posted by BillyWaz:
These are all just suggestions/opinions from me, and of course you are entitled to your own. sometimes i let my mom post on the board under my name. can you tell?

dgamblnman · Post by **dgamblnman** » Thu Dec 02, 2004 7:29 am

"Sounds right now as if there are a lot of "sour grapes" over not getting anything for a quality season (Vega$ Gmblers comes to mind, and after looking at his league, I can see his point)."

Reading this sentence, yea, he was on me. I pointed out his mistake. I did complain about dead owners, cause people say that it doesn't affect anything, it does. I never complained about the playoffs or had "sour grapes" as indicated. Those were the only points I made against him. Then I proceeded to give other thoughts in addition to his.

I understood some of his points, I played devils advocates in others and just simply told the truth on the rest. My last point (#11) is in reference to the sentence I quoted above.

wlfskp · Post by **wlfskp** » Thu Dec 02, 2004 7:52 am

While I do not like the proposed numbers and the idea of some of these prizes (I do not think they solve the issues of dead teams or luck which prevail) though they should help with people joining the group. I want to focus on what has be said about Krauses share of this pot. yes 200,000 minus expenses does not seem like a lot but it represents a gross profit of 25% which is decent. Also you must remember part of the marketing Krause is doing is to bring in sponsors and sponsors money no of which must go directly to the prizes and will greatly reduce expenses and increase the net profit.

Thus, IMO 25% is a good profit eventhough it is gross and not net.

SO lets look at the structure if the numbers talked about here do not work u can be sure Greg or Tom will take a hand.

Overall:

1st -- $100,000
2nd -- $22,500
3rd -- $10,000
4th -- $7,500
5th -- $4,250
6th -- $3,250
7th -- $2,000
8th -- $1,750
9th -- 2006 NFFC ($1250)
10th - 2006 NFFC ($1250)

Weekly:

sponsored prize and $200 to top point team (if legal)

League Prizes:

H2H winner -- $5,000
Top Points not H2H -- $3,000
3rd Top points -- 2006 NFFC ($1250)
4th Top Points -- $500

Consolation Round:

1st -- $5,000
2nd -- $3,750
3rd -- 2006 NFFC ($1250)

This works to the same $585,000.00. But it increases the prize pool for the leagues and it only leaves the cost of admission difference between the H2H winner and the total point, or whomever isdecided comes in 1st 2nd etc in the league.

Greg Ambrosius · Post by **Greg Ambrosius** » Thu Dec 02, 2004 8:22 am

I hope you guys know that I DO love all your ideas and I mean that. The suggestions help. I've stated that I want to reward total points more next year, that I intend on keeping the top league prize $5,000 and I want to give more overall league money as we expand. That being said, if we get to 602 teams someday as some guys are suggesting, I'm not sure that a $100,000 grand prize is enough. Maybe I'm wrong, but other competitors will be offering more and beating 601 teams deserves a big, big prize.

Over the next month, I bet we all come to an agreement on the ideal payout format, so keep the thoughts coming. I like the idea that most posts are happy with us keeping the $100,000 grand prize for now and making the league payouts better. I think we can expand both areas if we continue to grow, but realistically I'm not shooting for 602 teams next year.

As for the 25% KP keeps, yes my model will continue to pay out 75% if we fill up the allotted slots. I think that's a fair payout and one of the highest in the industry. We didn't acccomplish that this year and are paying out well over 80%. But of the remaining 25% in the future, please factor in licensing, stat service, travel, host hotels and other expenses before giving Tom and me a pay raise. KP will do just fine under this model once we start filling up each year, so I'm not asking for sympathy, but the bottom line at this point isn't 25% profit. I only wish it was.

Gordon Gekko · Post by **Gordon Gekko** » Thu Dec 02, 2004 9:52 am

two quick things. 1) don't give any cash for weekly prizes 2) don't reward a 4th place league finish

more to come. thanks.

Route Collectors · Post by **Route Collectors** » Thu Dec 02, 2004 3:49 pm

Originally posted by Gordon Gekko:
two quick things. 1) don't give any cash for weekly prizes 2) don't reward a 4th place league finish

more to come. thanks. Agreed

wlfskp · Post by **wlfskp** » Fri Dec 03, 2004 5:41 am

THe weekly in my model generates only 2600 in costs and where will u move such a small amount give an extra 60 to the leagues.... the weekly keeps some interest and improves the already given weekly prizes. 2nd as to the 4th place finisher I had another model which moves that 500 to the top points finisher and gives that person 3500...which is fine by me.