The comments from Barry B. (as outlined by JAM, thanks for this JAM) give me hope that there is actually, and has been, some good planning put into place to make this an improvement on the recent past. Hopefully, it will all come together.
I have some questions and if Barry (I noted that he indicated he read each comment here) or anyone else with knowledge to share would be kind enough to educate me it would be appreciated.
1-Correct me if I am wrong but I believe that I read somewhere that the entry fees for the prior winners of this tournament were waived each year. If that is the case then of the 128, some approximately 15 spots (past winners still active and competitive enough to realistically come) could be taken by past winners. How is the shortfall (could be around $15,000) made up?
2-If there is a shortfall in terms of entries does that decrease the prize funds at each level on a pro rated bases evenly spread over the top 48 finishers?
3-If not, how does the prize fund get distributed at, say, 96 entrants?
4-Is the added amount, $50,000 ever raised to cover the shortfall?
The reason I ask these questions is that it would seem to me that the revenue from spectators, sponsors, exhibitors etc. remain fairly static. The only moving revenue target appears to be in terms of the prize fund that is based on the number of entrants and can fluctuate considerably. What does not change to any great degree is the expense commitment of the entrants. Any change to the posted prize structure would have the biggest impact on them. When you impact the product you are selling you may impact the future success of the event.
I have some questions and if Barry (I noted that he indicated he read each comment here) or anyone else with knowledge to share would be kind enough to educate me it would be appreciated.
1-Correct me if I am wrong but I believe that I read somewhere that the entry fees for the prior winners of this tournament were waived each year. If that is the case then of the 128, some approximately 15 spots (past winners still active and competitive enough to realistically come) could be taken by past winners. How is the shortfall (could be around $15,000) made up?
2-If there is a shortfall in terms of entries does that decrease the prize funds at each level on a pro rated bases evenly spread over the top 48 finishers?
3-If not, how does the prize fund get distributed at, say, 96 entrants?
4-Is the added amount, $50,000 ever raised to cover the shortfall?
The reason I ask these questions is that it would seem to me that the revenue from spectators, sponsors, exhibitors etc. remain fairly static. The only moving revenue target appears to be in terms of the prize fund that is based on the number of entrants and can fluctuate considerably. What does not change to any great degree is the expense commitment of the entrants. Any change to the posted prize structure would have the biggest impact on them. When you impact the product you are selling you may impact the future success of the event.