Johnnyt...That's the problem, as I see it. Nothing has been put in escrow. Escrow means it is in a bank account, and can be verified by independent people (ie. the players, or a players' representative). The promoters have SAID they are guaranteeing 1st place prize money for each event (that doesn't mean it's in escrow somewhere). That says nothing about the payout for the rest of the paid field...which apparently the promoters don't feel like they need to provide details for. There are certainly precedents already for promoters who said the money was guaranteed, but when push came to shove, it wasn't.
I'm not trying to badmouth this event...I'd love to see it come off, as it is proposed. That said, however, I'm still from Missouri (like several others here)...prove it! I have no doubt that the event will happen. Whether it flops or not remains to be seen. They have retained quality people to direct the tournament, and posted a deposit with Diamond...which is good. Best of luck to all the players, professional and amateur, who show up and play!
Scott Lee
www.poolknowledge.com