Questions I would like to ask......Galveston Big Money Event.

[Bigtruck]

So, is this going to happen?

Wasn't there a HUGE announcement going to happen also?

Ray.... any word at all?

Please?

I am waiting too!

The website has undergone some major updates with a new look!! Go check it out!

Bobby asked me to text him Saturday to make arrangements for the chat. He responded saying he would call early Monday morning. I still haven't heard anything.

Ray

 

[UrackmIcrackm]

I am waiting too!

The website has undergone some major updates with a new look!! Go check it out!

Bobby asked me to text him Saturday to make arrangements for the chat. He responded saying he would call early Monday morning. I still haven't heard anything.

Ray

Considering they knew last week about the intention of having this chat today and also knowing that people have a lot of unanswered questions, I don't get a "warm fuzzy" when I hear that they haven't been proactive in making this chat happen tonight.

I really want to see this be successful and become an annual event but they've got to work with us not against us. Following the pied piper has not been benficial to the sport in the past and far fewer people are willing to do so anymore. If they want this to work, they need to work it.

 

[Bigtruck]

The chat session

I spoke with Bobby Thursday concerning the Questions and Answer chat session. Bobby said that he was fully prepared to answer ANY questions that anyone might have. He told me to text him Saturday morning to work out the details. I sent him a text Saturday morning. I received an answer back at 3:02pm Saturday. Bobby said he was out of town, be back Sunday, will call early Monday morning. It is now 5:14pm Monday and I still have not heard a word from anyone.

I will not be able to do a chat tonight. Maybe they changed their mind! LOL.

The website did update with "some" new information. It now has the times that the matches will start and it promises to have "how the rest of the field will be paid"....... posted "soon".

Ray

 

[jay helfert]

I believe the 25% of the field will be a typical breakdown and then they will top off 1st to the guaranteed amount. We will be asking them what the percentages will be for the different places!

Thanks Charlie!

Ray

Ray, if this is correct, I think they will adding a LOT of money to the purses.

 

[Bigtruck]

Ray, if this is correct, I think they will adding a LOT of money to the purses.

That would be correct. You could also say that the more people that entered, the less they would have to add. Which would be one hell of an incentive to promote promote promote.

I think we all agree on one thing. If we could get our questions answered it would end the speculating. Allowing everyone to speculate is hurting the event imo.

I would like to know more about the team competition. One "master level" per team, I understand.
How will they determine everyone's speed?
Shouldn't there be a cutoff date for team sign ups so they can check out the players before the event?
What about Grand Masters? Can they play on a team?
Can the team members be from different parts of the country/world?
Will one person determine speeds or will it be a council?

I am waiting with bait on breath! LOL

Ray

 

[Tom In Cincy]

Just a little comparison in the way a "guaranteed 1st place payout" and how a "$50,000 added" event would look for the players that didn't finish 1st.


If they have 64 players paying $600 per entry for the 10 ball tournament
Paying out 16 players. Entry fees total $38,400.
1st $10000
2nd $6200
3rd $4500
4th $3000
5th/6th $2000 each ($4000)
7th/8th $1500 each ($3000)
9th - 12th $1000 each ($4000)
13th - 16th $600 each ($2400)

I guess the 1st place added would only be $40000?


But with a $50000 added tournament based on 64 players putting up $600 for entry fees.. that would make the total prize fund $50,000 + $38,400 for a grand total of $88,400.

Using the same percentages for the payout for the above totals;

1st $23,800
2nd $15,000
3rd $10,000
4th $7,000
5th/6th $5,000 each ($10,000)
7th/8th $3,500 each ($7,000)
9th-12th $2,300 each ($9,200)
13th-16th $1,600 each ($7,400)

Guaranteeing $50,000 for 1st place just makes the other 15 players that cash make a lot less money than they would if it was a $50,000 added tournament.
And saves the promoter $10,000 also.

Is this common practice?

 

[Cuephoric]

If Kenny's in,I'm in!

http://72.52.237.140/~theworld/tour...-interview-about-galveston-world-classic.html

 

[Tom In Cincy]

Definitely one of the better choices the promoters have made.

http://72.52.237.140/~theworld/tour...-interview-about-galveston-world-classic.html

 

[Cuephoric]

His interview with Sam shows good intentions, and answered a few of the questions I was wondering about,...like who was going to run the show.
Kenny lends credibility to some of the vagueness and lack of real response.
Now,I'm looking forwad to a few days in Galveston! Are you coming I hope?
:thumbup:

 

[Bigtruck]

Just a little comparison in the way a "guaranteed 1st place payout" and how a "$50,000 added" event would look for the players that didn't finish 1st.


If they have 64 players paying $600 per entry for the 10 ball tournament
Paying out 16 players. Entry fees total $38,400.
1st $10000
2nd $6200
3rd $4500
4th $3000
5th/6th $2000 each ($4000)
7th/8th $1500 each ($3000)
9th - 12th $1000 each ($4000)
13th - 16th $600 each ($2400)

I guess the 1st place added would only be $40000?


But with a $50000 added tournament based on 64 players putting up $600 for entry fees.. that would make the total prize fund $50,000 + $38,400 for a grand total of $88,400.

Using the same percentages for the payout for the above totals;

1st $23,800
2nd $15,000
3rd $10,000
4th $7,000
5th/6th $5,000 each ($10,000)
7th/8th $3,500 each ($7,000)
9th-12th $2,300 each ($9,200)
13th-16th $1,600 each ($7,400)

Guaranteeing $50,000 for 1st place just makes the other 15 players that cash make a lot less money than they would if it was a $50,000 added tournament.
And saves the promoter $10,000 also.

Is this common practice?

I would have to say no, It's not common. But I do like a top heavy tournament.

Bobby did finally make contact with me. I felt guilty for all the things that were running through my head when He told me that he was at the hospital all day with his girl. He said that hopefully he would be home by tomorrow morning and he would call if at all possible.

I am on the edge of my seat, dammit.LOL

Ray

 

[ironman]

Ray, if this is correct, I think they will adding a LOT of money to the purses.

Are you seeing a red flag here?? I do!!

 

[Bigtruck]

Just a little comparison in the way a "guaranteed 1st place payout" and how a "$50,000 added" event would look for the players that didn't finish 1st.


If they have 64 players paying $600 per entry for the 10 ball tournament
Paying out 16 players. Entry fees total $38,400.
1st $10000
2nd $6200
3rd $4500
4th $3000
5th/6th $2000 each ($4000)
7th/8th $1500 each ($3000)
9th - 12th $1000 each ($4000)
13th - 16th $600 each ($2400)

I guess the 1st place added would only be $40000?


But with a $50000 added tournament based on 64 players putting up $600 for entry fees.. that would make the total prize fund $50,000 + $38,400 for a grand total of $88,400.

Using the same percentages for the payout for the above totals;

1st $23,800
2nd $15,000
3rd $10,000
4th $7,000
5th/6th $5,000 each ($10,000)
7th/8th $3,500 each ($7,000)
9th-12th $2,300 each ($9,200)
13th-16th $1,600 each ($7,400)

Guaranteeing $50,000 for 1st place just makes the other 15 players that cash make a lot less money than they would if it was a $50,000 added tournament.
And saves the promoter $10,000 also.

Is this common practice?

Tom,

Why don't you re-figure your scenarios with the same added money. That would make your point better imo.

Ray

 

[ShootingArts]

may have it to add

I'm not seeing any major red flags in the purse structure. They committed to first place monies and I fully expect they will pay them. If I recall correctly Diamond's deposit required on the tables would have covered most of the first place monies and I'm sure Moody Gardens didn't come cheap for the basically two weeks it will be tied up. The promoters have some dollars and they are generating some income. Have to see how it all plays out.

My biggest concern is how big the drop will be from the guaranteed first place money to second place down. There are rumors of things to help balance that but time will tell. Hopefully some of that will be explained in this live talk scheduled.

Hu

Are you seeing a red flag here?? I do!!

 

[lfigueroa]

Lou,

Come by the chat. Bobby assured me he can and will answer ALL questions!

It WILL be moderated though and we ask that everyone behave in a professional manner.


I will announce the day and time as soon as it's firm. Hopefully Monday night will work out for everyone's schedules.

Thanks,

Ray

er... what chat?

Lou Figueroa
did I miss something?

 

[lfigueroa]

I would have to say no, It's not common. But I do like a top heavy tournament.

Bobby did finally make contact with me. I felt guilty for all the things that were running through my head when He told me that he was at the hospital all day with his girl. He said that hopefully he would be home by tomorrow morning and he would call if at all possible.

I am on the edge of my seat, dammit.LOL

Ray

hmmmm. This guy doesn't, by any chance, make cues too, does he?

I kid!
I kid!

Lou Figueroa
hopes the girl
is alright

 

[JoeyA]

Galveston, TX September 11-20th.

Just a little comparison in the way a "guaranteed 1st place payout" and how a "$50,000 added" event would look for the players that didn't finish 1st.


If they have 64 players paying $600 per entry for the 10 ball tournament
Paying out 16 players. Entry fees total $38,400.
1st $10000
2nd $6200
3rd $4500
4th $3000
5th/6th $2000 each ($4000)
7th/8th $1500 each ($3000)
9th - 12th $1000 each ($4000)
13th - 16th $600 each ($2400)

I guess the 1st place added would only be $40000?


But with a $50000 added tournament based on 64 players putting up $600 for entry fees.. that would make the total prize fund $50,000 + $38,400 for a grand total of $88,400.

Using the same percentages for the payout for the above totals;

1st $23,800
2nd $15,000
3rd $10,000
4th $7,000
5th/6th $5,000 each ($10,000)
7th/8th $3,500 each ($7,000)
9th-12th $2,300 each ($9,200)
13th-16th $1,600 each ($7,400)

Guaranteeing $50,000 for 1st place just makes the other 15 players that cash make a lot less money than they would if it was a $50,000 added tournament.
And saves the promoter $10,000 also.

Is this common practice?

This is a fine post Tom. Your numbers will give the promoters something to look at. I was thinking about the one pocket event which is the only event that I plan to play and I would be GLAD to see 64 players in the one pocket event. You inspired me to figure out the payout for 64 players in the one pocket event. :smile:

I thought it would be nice to see the added money (as we think we know the payouts).

1st $4,000 + $21,000 = $25,000
2nd $2,560
3rd $1,920
4th $1,440
5th/6th $800 each ($1,600)
7th/8th $640 each ($1,280)
9th-12th $480 each ($1,920)
13th-16th $320 each ($1,280)

Lou, you might refer to the 7th Annual U.S. Open One Pocket Championship Payouts for comparison's sake. I think you DID NOT cash.

Granted, the Galveston tournament is ten years later and at a far more palatial location. Also, I think it was only a 3-4 day event to make fair comparisons.

Going from $25,000 (first place) to 2,560 (2nd place) is a pretty steep drop. I feel kind of bad for Efren so I will ask him if he wants to make a saver. Do you think I should ask Bustamante, Strickland and Schmidt too?

Anyway, I still feel good about the promoters and think they will do what they said they would do and maybe more. We'll see.

If more players show up the pie will grow even larger. It would be great to see 128 players in each event but that is being very optimistic, imo.

I also think they said that the only people who would have to wait until SUNDAY September 20th are the FINALISTS in each event and that the tournament would be played down without a "slowdown" for the purpose of not making the also-ran players suffer unnecessary hotel expenses.

That Sunday will be a SUPER Sunday and I don't mind taking off a week to help these promoters achieve their goals. I figure that if we help the promoters by showing up, their future tournaments will only get better.

I would love to hear some facts by the promoters that sponsors from outside of the pool industry have already been recruited.

The new web site looks great with additions to come. www.theworldclassic.com

JoeyA

 

[JCIN]

This is a fine post Tom. Your numbers will give the promoters something to look at. I was thinking about the one pocket event which is the only event that I plan to play and I would be GLAD to see 64 players in the one pocket event. You inspired me to figure out the payout for 64 players in the one pocket event. :smile:

I thought it would be nice to see the added money (as we think we know the payouts).

1st $4,000 + $21,000 = $25,000
2nd $2,560
3rd $1,920
4th $1,440
5th/6th $800 each ($1,600)
7th/8th $640 each ($1,280)
9th-12th $480 each ($1,920)
13th-16th $320 each ($1,280)

Lou, you might refer to the 7th Annual U.S. Open One Pocket Championship Payouts for comparison's sake. I think you cashed.

Granted, the Galveston tournament is ten years later and at a far more palatial location. Also, I think it was only a 3-4 day event to make fair comparisons.

Going from $25,000 (first place) to 2,560 (2nd place) is a pretty steep drop. I feel kind of bad for Efren so I will ask him if he wants to make a saver. Do you think I should ask Bustamante, Strickland and Schmidt too?

Anyway, I still feel good about the promoters and think they will do what they said they would do and maybe more. We'll see.

If more players show up the pie will grow even larger. It would be great to see 128 players in each event but that is being very optimistic, imo.

I also think they said that the only people who would have to wait until SUNDAY September 20th are the FINALISTS in each event and that the tournament would be played down without a "slowdown" for the purpose of not making the also-ran players suffer unnecessary hotel expenses.

That Sunday will be a SUPER Sunday and I don't mind taking off a week to help these promoters achieve their goals. I figure that if we help the promoters by showing up, their future tournaments will only get better.

I would love to hear some facts by the promoters that sponsors from outside of the pool industry have already been recruited.

The new web site looks great with additions to come. www.theworldclassic.com

JoeyA

Man if that is the payout structure I hope they will have plenty of conference rooms. There will be some very serious deal making going on. I can see it now.

"Ok I got 10 % of 7 different guys and I gave up 10% to 8 different guys so......hey wait a minute...?????"

They should probably furnish some calculators too.

After looking at all the proposed payouts last night when checking out the new site I just don't see how on earth they are not going to get absolutely skunked on this deal. I mean really hammered.

For one thing pool players are notorious for late sign ups. Everyone says they will be there but many do not actually post until on site. I would really like to know how many PAID entries we are talking about. Not that it matters I guess, they say it will go forward no matter what so I hope that is the case. They claimed in Vegas to already have 100 one hole players which seemed pretty damned good to me. But there is a big difference between "I'll play the one hole" and "Here is my entry check"

This non communication thing is starting to get a little silly though. How on earth do they not have someone spend five minutes a day here to answer questions on a half million dollar event ? You can bet your sweet azz that I would do my best to answer questions using the medium with the widest reach in the pool world.

Come on guys. We want this to be a success just throw us a bone now and then.

 

[Papa Red]

Man if that is the payout structure I hope they will have plenty of conference rooms. There will be some very serious deal making going on. I can see it now.

"Ok I got 10 % of 7 different guys and I gave up 10% to 8 different guys so......hey wait a minute...?????"

They should probably furnish some calculators too.

After looking at all the proposed payouts last night when checking out the new site I just don't see how on earth they are not going to get absolutely skunked on this deal. I mean really hammered.

For one thing pool players are notorious for late sign ups. Everyone says they will be there but many do not actually post until on site. I would really like to know how many PAID entries we are talking about. Not that it matters I guess, they say it will go forward no matter what so I hope that is the case. They claimed in Vegas to already have 100 one hole players which seemed pretty damned good to me. But there is a big difference between "I'll play the one hole" and "Here is my entry check"

This non communication thing is starting to get a little silly though. How on earth do they not have someone spend five minutes a day here to answer questions on a half million dollar event ? You can bet your sweet azz that I would do my best to answer questions using the medium with the widest reach in the pool world.

Come on guys. We want this to be a success just throw us a bone now and then.

That's what I was thinking! A couple of lawyers might think about setting up a booth for negotiations.

 

[Tom In Cincy]

With 64 players paying $600 each for the Open 10 Ball event

With $50,000 guaranteed--------------- With $50,000 guaranteed
first place------------------------------ added to entry fees
$38,400 entry fees----------------------$38,400 entry fees
Total $38,400 + $40,000---------------- Total $38,000 + $50,000
Total prize fund $78,400-----------Total prize fund $88,400

1st $10,000 (plus $40,000)--------------1st $23,800
2nd $6,200-----------------------------2nd $15,000
3rd $4,500-----------------------------3rd $10,000
4th $3,000-----------------------------4th $7,000
5th $2,000-----------------------------5th $5,000
5th $2,000-----------------------------5th $5,000
7th $1,500-----------------------------7th $3,500
7th $1,500-----------------------------7th $3,500
9th $1,000-----------------------------9th $2,300
9th $1,000-----------------------------9th $2,300
9th $1,000-----------------------------9th $2,300
9th $1,000-----------------------------9th $2,300
13th $600-----------------------------13th $1,600
13th $600-----------------------------13th $1,600
13th $600-----------------------------13th $1,600
13th $600-----------------------------13th $1,600

 

[ShootingArts]

Nothing to it

I learned all my cyphering about percentages from that great movie about math, The Producers!

Give and take up to fifty percent with as many of the top guys as you can then make sure you don't get into any real money to keep your payouts low! I'm prepared to give out 600-800% total in savers on myself.

Hmmm, if I can just find some decent playing pigeons that want part of me I'll enter the big event!

Hu

Man if that is the payout structure I hope they will have plenty of conference rooms. There will be some very serious deal making going on. I can see it now.

"Ok I got 10 % of 7 different guys and I gave up 10% to 8 different guys so......hey wait a minute...?????"

They should probably furnish some calculators too.

After looking at all the proposed payouts last night when checking out the new site I just don't see how on earth they are not going to get absolutely skunked on this deal. I mean really hammered.

For one thing pool players are notorious for late sign ups. Everyone says they will be there but many do not actually post until on site. I would really like to know how many PAID entries we are talking about. Not that it matters I guess, they say it will go forward no matter what so I hope that is the case. They claimed in Vegas to already have 100 one hole players which seemed pretty damned good to me. But there is a big difference between "I'll play the one hole" and "Here is my entry check"

This non communication thing is starting to get a little silly though. How on earth do they not have someone spend five minutes a day here to answer questions on a half million dollar event ? You can bet your sweet azz that I would do my best to answer questions using the medium with the widest reach in the pool world.

Come on guys. We want this to be a success just throw us a bone now and then.