NFFC Plans For 2009: Provide Some Feedback

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Dec 30, 2008 3:57 am

Originally posted by GK:
1) the 14 team format has to stay...

2) a crazy and radical (as well as widely unpopular) thought here but as MANY people are currently in financial straits and will most likely be in a saving/survival mode come next September you might want to consider (GASP!) making the live events all on-line at the same price points/payouts that you currently have as the savings in travel/hotel costs would be pretty significant for most that play here...SNAKE FULLY understands the potential ramifications of it not being a live event, not having that warm and fuzzy hometown feel, not being a great bonding, fun experience (for many, including yours truly, it is the single most anticipated and greatly looked forward to time/event) but again economically speaking you probably would be able to keep all current costs/payout structure which is a good one ISHO...oh well, just a thought (that will get trounced here)...SNAKE We will most definitely host live events next year in NY, LV and Chicago. That's already been taken care of with our venues. The key is determining the right participation level so that we can guarantee a grand prize that everyone is comfortable with and an entry fee that attracts a sellout crowd.

bald is beautiful · Post by **bald is beautiful** » Tue Dec 30, 2008 4:32 am

Originally posted by GK:
quote:Originally posted by Greg Ambrosius:
quote:Originally posted by GK:
1) the 14 team format has to stay...

2) a crazy and radical (as well as widely unpopular) thought here but as MANY people are currently in financial straits and will most likely be in a saving/survival mode come next September you might want to consider (GASP!) making the live events all on-line at the same price points/payouts that you currently have as the savings in travel/hotel costs would be pretty significant for most that play here...SNAKE FULLY understands the potential ramifications of it not being a live event, not having that warm and fuzzy hometown feel, not being a great bonding, fun experience (for many, including yours truly, it is the single most anticipated and greatly looked forward to time/event) but again economically speaking you probably would be able to keep all current costs/payout structure which is a good one ISHO...oh well, just a thought (that will get trounced here)...SNAKE We will most definitely host live events next year in NY, LV and Chicago. That's already been taken care of with our venues. The key is determining the right participation level so that we can guarantee a grand prize that everyone is comfortable with and an entry fee that attracts a sellout crowd. [/QUOTE]...GOOD!...SNAKE [/QUOTE]Looks like you will have to come to Chicago after all!

kjduke · Post by **kjduke** » Tue Dec 30, 2008 6:16 am

Originally posted by Todd Zola:
With respect to the 1M bonus, it is not a secret that an insurance policy is purchased to cover the odds. The is money that could be added to prizes. So it seems to me the question is does the policy get paid for by the additional signups that would not enter if it were not for that bonus potential?

Just making up numbers here for the sake of simplicity, because there are more factors that just does A = B, but let's say the policy is $13,000. That means 10 entries at $1300 are necessary, that would not have otherwise played.

But if 75% is paid back in prize money, that $13,000 in revenue would be only $3,250 in net revenue. You would need 40 entries to generate $13,000 in net revenue.

And if the actual cost is double that (which I think is still lower than true cost),you would need an additional 80 entries.

boutrous11 · Post by **boutrous11** » Tue Dec 30, 2008 6:33 am

small timer here, but I love the draft champion auctions! the one this year ran super smoothe.

Eddiejag · Post by **Eddiejag** » Tue Dec 30, 2008 6:44 am

I think most people want a bigger league payout.
How about making the overall prize 75.000 and using the extra 25.000 on first place in each league.It seem's most contests have that big payout to the overall winner which is like hitting the lotto, most players want a bigger first place[especially in wcoff] by being the first to address a great first place in league could bring in more player's.Lets face it just to win your league is hard enough and needs to bea bigger payout.Now if i was only able to play one league it would be the one with the best payout for first.Just some thoughts on getting more teams.

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Dec 30, 2008 6:50 am

Originally posted by KJ Duke:
quote:Originally posted by Todd Zola:
With respect to the 1M bonus, it is not a secret that an insurance policy is purchased to cover the odds. The is money that could be added to prizes. So it seems to me the question is does the policy get paid for by the additional signups that would not enter if it were not for that bonus potential?

Just making up numbers here for the sake of simplicity, because there are more factors that just does A = B, but let's say the policy is $13,000. That means 10 entries at $1300 are necessary, that would not have otherwise played.

But if 75% is paid back in prize money, that $13,000 in revenue would be only $3,250 in net revenue. You would need 40 entries to generate $13,000 in net revenue.

And if the actual cost is double that (which I think is still lower than true cost),you would need an additional 80 entries. [/QUOTE]That was also an expense that I ate this year. It was not part of the 75% payout. It was something I felt I needed to do and thus took the financial hit to pay for the insurance, which I can tell you was more than $20,000. We'll see how this plays out for combined prizes next year because again I'm trying not to take from the overall payouts or league payouts. But something eventually has to give and that's why having much lower entry fees makes it tough.

But we'll figure it out and make it work.

Jersey Dawg · Post by **Jersey Dawg** » Tue Dec 30, 2008 7:06 am

I have to say that I like the 12 team format much better than the 14 team format. To be honest, with the economy as it is, if things do not improve I will "drop out" of the WCOFF and their "fees" for everything cost structure and only do the NBC Primetime if I could not afford both. However, I might have to do the reverse if the NBC Primetime drops to $700 with smaller league and overall prizes. For me, it is the customer service of Tom and Greg more than the 14-team format that keeps bringing me back to this event.

As for league prizes, I was fortunate enough in both baseball and football to win my leagues this season. In baseball I finished with a "free entry" for being 11th of 390 teams. It seemed the prize did not match the effort or accomplishment, but I was glad to get it none the less. In football, I finished the regular season as the top point scoring team and won another free entry. Cool beans, but I felt that payout could have been better as I beat out 252 teams over 13 weeks of the season. I got nothing for finihsing 12th overall in the playoffs.

I guess what I am saying here is that getting the $100K is great, but it only happens for one team. As such, I would prefer either higher league prizes or a better payoff for the remaining top 12 teams. Until you finish that high and get only a free entry to show for it (or nothing extra in football) you don't know how it feels. I did it twice this season and needed dream seasons to get even that in return.

Save the insurance money on the $1M bonus. Make it a new Malibu Hybrid or something else in the $20K range if you need a bonus prize. I don't see a huge reason for any kind of bonus.

The WCOFF is enticing people to buy 2 leagues with about a $450 discount if you buy 2 now. Maybe $1300 for each event or both for $2200 would be enough for many to do both. I would sign up for both at that price.

Pete

Jersey Dawg · Post by **Jersey Dawg** » Tue Dec 30, 2008 7:14 am

P.S. - I am not complaining about winning free entries. It is certainly better than not winning anything. It's just that getting that close and feeling the accomplishment was huge when fighting 390 teams in baseball and 252 in football seemed to deserve more than a free entry. That is why I would like to see either higher league prizes or more payouts to the top dozen teams overall than a $100K payout to one team.

I reserve the right to delete this entire message if/when I am standing alone at the top of the standings at the end of any season.

Pete

[ December 30, 2008, 01:15 PM: Message edited by: Jersey Dawg ]