Souvenir from Pool's Lowest Day

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This is a poster from the Pro Billiards Tour of the mid-1990s. The PBT seemed like a windfall for the sport, with tons of money coming in from RJ Reynolds (Camel cigarettes). Billiard Digest's Readers' Poll listed the folding of the league as the lowest point in the sport's history (see below) Poster is 24" by 34" PBT Pros Go Unpaid (1996) Pool’s top men had reason to rejoice as 1996 drew to a close and they drew closer to the day that the top 16 or so players would be able to make an honest living strictly off of winnings from mainstream tournaments. But, once again, Shangri-La turned out to be a mirage. The Professional Billiards Tour was on track to hand out more than $1.3 million in prizes for its 14 stops in 1996, and an impending deal with R.J. Reynolds Tobacco Co. to re-up its sponsorship promised even greater prosperity. But in mid-1996, PBT officials announced sponsorship shortfalls of some $400,000, leading them to withhold prize monies for the last four events of 1996. Several months into 1997, more than a handful of top pros — including Johnny Archer and Nick Varner — were still owed close to $200,000. That was just the first domino to drop. In March 1997, RJR unexpectedly announced via fax that it wouldn’t renew its sponsorship agreement. That was a huge blow to the PBT, which was hamstrung by the sudden drop in expected revenue and limped to the end of the year before folding. The PBT sued RJR for breach of contract and fraud, and in May 2000, a North Carolina jury decided that RJR owed the group $886,000. PBT honcho Don Mackey told BD in August that restitution from RJR allowed the group to settle most of its debts and pay all but a few players the prize monies they were due.
 
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