$100,000 Guaranteed in 2007?

DanielM

DanielM

AzB Silver Member
Silver Member
I worked out that if a player with a 2007 tour card doesn't win a match he/she will win $23,000. Yet i read that there's a $100,000 income for the 2007 card holders. So where does the extra $77K come from?

I've heard about this so called "profit sharing", so i presume this comes into play? If anybody can give me details, that would be nice.

Am i missing anything? :confused:
 
DanielM said:
I worked out that if a player with a 2007 tour card doesn't win a match he/she will win $23,000. Yet i read that there's a $100,000 income for the 2007 card holders. So where does the extra $77K come from?

I've heard about this so called "profit sharing", so i presume this comes into play? If anybody can give me details, that would be nice.

Am i missing anything? :confused:
Click to expand...

It was an off hand remark by KT in a speech, that if someone didn't make $100,000 he would make up the difference from his pocket. He was talking about appearance fees, product indorsements, some profit shearing and so on, just trying to express the value of being an IPT player. I think he got a little nuts in that speech talking about $25,000 exhibition fees and such, he has a way exaggerating a bit and telling people what they want to hear. It was not really based on any one thing and I never understood it as a commitment to the players, just something that was said. I don't think it means anything.
 
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I think macguy is right. It is total income generated from the IPT and I don't think it is in writing anywhere so it depends on how much you trust a verbal guarantee from KT(of course, I think it has been recorded somewhere).
 
Keith Buck said:
I think macguy is right. It is total income generated from the IPT and I don't think it is in writing anywhere so it depends on how much you trust a verbal guarantee from KT(of course, I think it has been recorded somewhere).
Click to expand...

The CD entitled "Kevin Trudeau Speaks," given out at the King of the Hill in Orlando, went something like this:

MR. TRUDEAU: [In progress]...So, for those 100 of you that keep your tour card for '07, that means in '07 you are guaranteed from the IPT a minimum of $100,000. Now, let me tell you --

[Applause.]

MR. TRUDEAU: Let me tell you how you're going to get paid. The first way you get paid is obviously with the winnings. So, at the end of the tournament, you get your winnings. That's the first way everybody gets paid, but up until now, that's the only way a player has got paid. Correct? You only got paid from your winnings, and if you never are in the pay line, you don't make any money.

Well, if you are on the IPT tour and you never get one single dollar in winnings, which is impossible because if you come in last on some of the tournaments you still make some money -- Right? -- and if you qualify for the IPT tour, it is pretty unlikely you are going to come in last every single time, but winnings is the only way up until now people got paid.

Well, there's a couple other ways IPT players are going to get paid...The IPT is going to have a very robust licensing business. Now, some of you may not be familiar with what licensing is, but it's an incredibly lucrative business when you combine television.

The World Series of Poker. How many people here are familiar with the World Series of Poker?

[Show of hands.]

MR. TRUDEAU: Okay. Well, if you go buy something that says the World Series of Poker DVD game or DVD, the World Series of Poker playing cards, the World Series of Poker home poker game, the World Series of Poker CD ROM, the World Series of Poker Xbox game, those are all licensed deals, and those companies have to pay the World Series of Poker a whole bunch of money to use the name, the World Series of Poker.

Last year, they made $30 million just on license deals. It's incredibly lucrative. So we're going to be doing the same thing with the IPT. So the IPT licensed material will include tables. We are going to have IPT licensed pool tables. We're going to have IPT licensed cloth that is being manufactured for us. We are going to have IPT licensed chalk. We will have IPT licensed pool balls, billiard balls. We have IPT licensed cue sticks, IPT licensed racks, Sardo rack. So all of these things are going to be licensed, and there's going to be other licensed stuff too like bags and hats and mugs and T shirts, DVDs. All these are licensed situations. Xbox will have a game, IPT Pool for Xbox. That will be licensed, and we will also be producing our own DVDs of all the events which will be, as I mentioned, sold around the world. We are producing instructional DVDs from IPT players. Our first one was with Mike Sigel called Mike Sigel's Perfect Pool DVD Set. So we are going to have a lot of DVDs for sale and a lot of licensed products, and that's a tremendous amount of revenue in.

A percentage of that is going to be paid back to all of the IPT players as a form of profit sharing, and there's a bunch of other revenue sources that the IPT is going to generate for us to be a profitable business. We are taking a percentage of that and divvying it up amongst the players in the form of profit sharing.

How much will you get? I don't know, but I know it's going to be enough where I feel very confident to guarantee that I am going to give you 100 grand. People say, "Well, he's guaranteeing 100 grand," and I'm going...They're going to make that easy. Do you understand? Because I know what the revenue side is going to be. So it's --

[Applause and standing ovation.]

MR. TRUDEAU: The other thing that is going to be I think a big advantage to you that a lot of IPT members yet -- are yet to realize -- and it will probably happen after the first season....[End of excerpt]

The atmosphere at the players' meeting was one of awe and jubilation. So far, Kevin Trudeau has followed through, IMHO.

AND for goodness sakes, it is worthy of mention to remember that this is the FIRST season, the FIRST tournament of which begins next weekend. The North American 8-Ball Championship will be broadcast LIVE in many parts of the world. It's a shame that here in the States, pool is on the bottom rung of the sports ladder, but times are a changing, my friends.

LET'S GET READY TO RACK 'EM!

JAM
 
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JAM said:
The CD entitled "Kevin Trudeau Speaks," given out at the King of the Hill in Orlando, went something like this:

MR. TRUDEAU: [In progress]...So, for those 100 of you that keep your tour card for '07, that means in '07 you are guaranteed from the IPT a minimum of $100,000. Now, let me tell you --

[Applause.]

MR. TRUDEAU: Let me tell you how you're going to get paid. The first way you get paid is obviously with the winnings. So, at the end of the tournament, you get your winnings. That's the first way everybody gets paid, but up until now, that's the only way a player has got paid. Correct? You only got paid from your winnings, and if you never are in the pay line, you don't make any money.

Well, if you are on the IPT tour and you never get one single dollar in winnings, which is impossible because if you come in last on some of the tournaments you still make some money -- Right? -- and if you qualify for the IPT tour, it is pretty unlikely you are going to come in last every single time, but winnings is the only way up until now people got paid.

Well, there's a couple other ways IPT players are going to get paid...The IPT is going to have a very robust licensing business. Now, some of you may not be familiar with what licensing is, but it's an incredibly lucrative business when you combine television.

The World Series of Poker. How many people here are familiar with the World Series of Poker?

[Show of hands.]

MR. TRUDEAU: Okay. Well, if you go buy something that says the World Series of Poker DVD game or DVD, the World Series of Poker playing cards, the World Series of Poker home poker game, the World Series of Poker CD ROM, the World Series of Poker Xbox game, those are all licensed deals, and those companies have to pay the World Series of Poker a whole bunch of money to use the name, the World Series of Poker.

Last year, they made $30 million just on license deals. It's incredibly lucrative. So we're going to be doing the same thing with the IPT. So the IPT licensed material will include tables. We are going to have IPT licensed pool tables. We're going to have IPT licensed cloth that is being manufactured for us. We are going to have IPT licensed chalk. We will have IPT licensed pool balls, billiard balls. We have IPT licensed cue sticks, IPT licensed racks, Sardo rack. So all of these things are going to be licensed, and there's going to be other licensed stuff too like bags and hats and mugs and T shirts, DVDs. All these are licensed situations. Xbox will have a game, IPT Pool for Xbox. That will be licensed, and we will also be producing our own DVDs of all the events which will be, as I mentioned, sold around the world. We are producing instructional DVDs from IPT players. Our first one was with Mike Sigel called Mike Sigel's Perfect Pool DVD Set. So we are going to have a lot of DVDs for sale and a lot of licensed products, and that's a tremendous amount of revenue in.

A percentage of that is going to be paid back to all of the IPT players as a form of profit sharing, and there's a bunch of other revenue sources that the IPT is going to generate for us to be a profitable business. We are taking a percentage of that and divvying it up amongst the players in the form of profit sharing.

How much will you get? I don't know, but I know it's going to be enough where I feel very confident to guarantee that I am going to give you 100 grand. People say, "Well, he's guaranteeing 100 grand," and I'm going...They're going to make that easy. Do you understand? Because I know what the revenue side is going to be. So it's --

[Applause and standing ovation.]

MR. TRUDEAU: The other thing that is going to be I think a big advantage to you that a lot of IPT members yet -- are yet to realize -- and it will probably happen after the first season....[End of excerpt]

The atmosphere at the players' meeting was one of awe and jubilation. So far, Kevin Trudeau has followed through, IMHO.

AND for goodness sakes, it is worthy of mention to remember that this is the FIRST season, the FIRST tournament of which begins next weekend. The North American 8-Ball Championship will be broadcast LIVE in many parts of the world. It's a shame that here in the States, pool is on the bottom rung of the sports ladder, but times are a changing, my friends.

LET'S GET READY TO RACK 'EM!

JAM
Click to expand...


It's really neither here or there since the players it would apply to don't even exist yet, it's a straw deal at this point. Getting through 2006 and meeting all the current commitments will be more then enough to make the players happy for now, actions always speak louder then words. The tournament sounds exciting and if it were close I would certainly attend.

Lets hope they at least get the DVD's out so some one can even see this thing within a time frame while people care about it, people have short attention spans. I would like the see at least some DVD's hitting the market within days of the end of the tournaments while the excitement is high. After even a short time, except for selected matches, most will not sell, got to strike while the iron is hot.
 
DanielM said:
You want it in writing? Is the website good enough?!

http://www.internationalpooltour.com/ipt_content/event_schedule/default.asp
(go to tournament no 5 description)
Click to expand...

I copied and pasted it in another thread as I suspect like the $1000 world open which was also in writing on the site not to mention magazines and the Audio tapes it may change given the lack of qualifier entries to date.

I also suspect that the end of year tour card qualifier entry may change from the $1000/2000 options KT stated on the Audio release. I hope not but if the prize is supposed to be $100k I can't see him not increasing this if he already increased a single open qualifier to $1500.
 
DanielM said:
I worked out that if a player with a 2007 tour card doesn't win a match he/she will win $23,000. Yet i read that there's a $100,000 income for the 2007 card holders. So where does the extra $77K come from?

:confused:
Click to expand...


From the Money Tree.
 
You know, even though he says "guaranteed $100,000" it doesn't make it a contract or bound by law.

Maybe we've got a lawyer here on the board who can add some input.

Just think of all the informercials "guaranteeing" all sorts of things and results. Most are not held to accountability.

Now, before we all get into a conspiracy theory here - the biggest key of the entire IPT, the single thing that has truly attracted all the players is the $100,000. You can bet your bottom dollar that 99% of the players playing in the qualifiers, as well as at least 75 players out of the 150 are basically in the game for the $100,000 & tour card.

If KT is not truly going to pay that out - there will be a huge backlash against the IPT. Existing IPT pros will still play because the tournaments offer huge money - but the PR damage will be permanent and their credibility and image of professionalism will be shot. Qualifiers will empty out. It's one thing to pay a fee to go to a tournament and take a shot at some money, and another to pay $1,500 to battle out in a qualifier, only then to get a chance to play against all the world-beaters in a round robin to try and get to the top-heavy prize money. Ain't going to happen from a qualifer point of view.

The yet-to-materialize casual non-pool fan viewers he expects to capture might not ever hear of it or notice or even care for that matter, but 1] they don't exist yet 2] so far, the pool community in-the-know is the only thing really focusing on the IPT at the moment.


While it might not truly be in writing - I seriously doubt KT would welch on that. It would be extremely damaging. Whatever he said, whatever he meant -- the idea that has been communicated to all the players and hopefuls is that if they finish 100th or better - they get $100,000. End of story. If he didn't want that idea communicated - then he would have issued a clarification or correction A LONG TIME AGO before this snowballed into what it is.


You see, it really doesn't matter what KT calls it, he can call it "profit sharing", he can call it an award or a payday. Doesn't matter WHERE it came from or how KT gets it or earns it or makes it. That is irrelevant to the players. The players will want to see the $100,000.
 
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Bola Ocho said:
You know, even though he says "guaranteed $100,000" it doesn't make it a contract or bound by law.

Maybe we've got a lawyer here on the board who can add some input.

Just think of all the informercials "guaranteeing" all sorts of things and results. Most are not held to accountability.

Now, before we all get into a conspiracy theory here - the biggest key of the entire IPT, the single thing that has truly attracted all the players is the $100,000. You can bet your bottom dollar that 99% of the players playing in the qualifiers, as well as at least 75 players out of the 150 are basically in the game for the $100,000 & tour card.

If KT is not truly going to pay that out - there will be a huge backlash against the IPT. Existing IPT pros will still play because the tournaments offer huge money - but the PR damage will be permanent and their credibility and image of professionalism will be shot. Qualifiers will empty out. It's one thing to pay a fee to go to a tournament and take a shot at some money, and another to pay $1,500 to battle out in a qualifier, only then to get a chance to play against all the world-beaters in a round robin to try and get to the top-heavy prize money. Ain't going to happen from a qualifer point of view.

The yet-to-materialize casual non-pool fan viewers he expects to capture might not ever hear of it or notice or even care for that matter, but 1] they don't exist yet 2] so far, the pool community in-the-know is the only thing really focusing on the IPT at the moment.


While it might not truly be in writing - I seriously doubt KT would welch on that. It would be extremely damaging. Whatever he said, whatever he meant -- the idea that has been communicated to all the players and hopefuls is that if they finish 100th or better - they get $100,000. End of story. If he didn't want that idea communicated - then he would have issued a clarification or correction A LONG TIME AGO before this snowballed into what it is.


You see, it really doesn't matter what KT calls it, he can call it "profit sharing", he can call it an award or a payday. Doesn't matter WHERE it came from or how KT gets it or earns it or makes it. That is irrelevant to the players. The players will want to see the $100,000.
Click to expand...

He increased the entry for the second qualifying event after players had already signed up for the first without so much as a hint of an explanation, email, or press release. I seriously doubt he will think twice if a) the numbers of players entering the qualifiers don't increase dramatically, OR b) he brings in significant revenue from other areas.

This of course doesn't mean that these tournaments arent going to be fantastic, I can't wait for the first one to start so I can only imagine how the players must feel. Whatever the model or its flaws the IPT sure has breathed life into our stagnant sport.
 
Bola Ocho said:
You know, even though he says "guaranteed $100,000" it doesn't make it a contract or bound by law.

Maybe we've got a lawyer here on the board who can add some input.

Just think of all the informercials "guaranteeing" all sorts of things and results. Most are not held to accountability.

Now, before we all get into a conspiracy theory here - the biggest key of the entire IPT, the single thing that has truly attracted all the players is the $100,000. You can bet your bottom dollar that 99% of the players playing in the qualifiers, as well as at least 75 players out of the 150 are basically in the game for the $100,000 & tour card.

If KT is not truly going to pay that out - there will be a huge backlash against the IPT. Existing IPT pros will still play because the tournaments offer huge money - but the PR damage will be permanent and their credibility and image of professionalism will be shot. Qualifiers will empty out. It's one thing to pay a fee to go to a tournament and take a shot at some money, and another to pay $1,500 to battle out in a qualifier, only then to get a chance to play against all the world-beaters in a round robin to try and get to the top-heavy prize money. Ain't going to happen from a qualifer point of view.

The yet-to-materialize casual non-pool fan viewers he expects to capture might not ever hear of it or notice or even care for that matter, but 1] they don't exist yet 2] so far, the pool community in-the-know is the only thing really focusing on the IPT at the moment.


While it might not truly be in writing - I seriously doubt KT would welch on that. It would be extremely damaging. Whatever he said, whatever he meant -- the idea that has been communicated to all the players and hopefuls is that if they finish 100th or better - they get $100,000. End of story. If he didn't want that idea communicated - then he would have issued a clarification or correction A LONG TIME AGO before this snowballed into what it is.


You see, it really doesn't matter what KT calls it, he can call it "profit sharing", he can call it an award or a payday. Doesn't matter WHERE it came from or how KT gets it or earns it or makes it. That is irrelevant to the players. The players will want to see the $100,000.
Click to expand...


I think the $100,000 is a moot point. That is so far in the future it is hard to even discuss. It would be well into 2008 when all the accounting is done that it will even come up and it would be on a case by case basis with the players who got appearance fees or gave exhibitions what ever, trying to balance their books with the IPT. Many months would have to go by before it would be straightened out.

KT only said they would probably make that amount and if they didn't he would make up the difference and he even referred the ability to get larger fees for lessons as being one of the benefits. I would suspect that would be part of the $100,000 also he would not have to make up if the player was short of the $100,000 mark. I.E. you made $20,000 giving lessons that's part of your gross earnings.

This is all very vague as far as the $100,000 goes. I would also suspect that would be gross, not they would clear $100,000. Having to travel to Europe and all kinds of numerous expensive they normally would not have, not to mention lost wages for the working players, except for the consistent high finishers few will make even close to $100,000. most will make less then at an everyday job except with no benefits or perks.

I have a feeling there will be so many strings attached that money that they promise to bring someone's gross to the $100,000 mark, it will be like trying to collect from an insurance company. Either way, they have yet to play the first tournament and who knows if the IPT will still be around in 2008 or KT will even be involved that far into the future.
 
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Heh, that's NOT the impression a lot of players have. Make $100,000 by giving lessons, making appearances etc...wow. If that's the case - then KT is either going to have to pony up the bulk of the $100,000 of there's going to be a change in policy sometime next year - LOL!
 
JAM said:
The CD entitled "Kevin Trudeau Speaks," given out at the King of the Hill in Orlando, went something like this:

MR. TRUDEAU: [In progress]...So, for those 100 of you that keep your tour card for '07, that means in '07 you are guaranteed from the IPT a minimum of $100,000. Now, let me tell you --

[Applause.]

MR. TRUDEAU: Let me tell you how you're going to get paid. The first way you get paid is obviously with the winnings. So, at the end of the tournament, you get your winnings. That's the first way everybody gets paid, but up until now, that's the only way a player has got paid. Correct? You only got paid from your winnings, and if you never are in the pay line, you don't make any money.

Well, if you are on the IPT tour and you never get one single dollar in winnings, which is impossible because if you come in last on some of the tournaments you still make some money -- Right? -- and if you qualify for the IPT tour, it is pretty unlikely you are going to come in last every single time, but winnings is the only way up until now people got paid.

Well, there's a couple other ways IPT players are going to get paid...The IPT is going to have a very robust licensing business. Now, some of you may not be familiar with what licensing is, but it's an incredibly lucrative business when you combine television.

The World Series of Poker. How many people here are familiar with the World Series of Poker?

[Show of hands.]

MR. TRUDEAU: Okay. Well, if you go buy something that says the World Series of Poker DVD game or DVD, the World Series of Poker playing cards, the World Series of Poker home poker game, the World Series of Poker CD ROM, the World Series of Poker Xbox game, those are all licensed deals, and those companies have to pay the World Series of Poker a whole bunch of money to use the name, the World Series of Poker.

Last year, they made $30 million just on license deals. It's incredibly lucrative. So we're going to be doing the same thing with the IPT. So the IPT licensed material will include tables. We are going to have IPT licensed pool tables. We're going to have IPT licensed cloth that is being manufactured for us. We are going to have IPT licensed chalk. We will have IPT licensed pool balls, billiard balls. We have IPT licensed cue sticks, IPT licensed racks, Sardo rack. So all of these things are going to be licensed, and there's going to be other licensed stuff too like bags and hats and mugs and T shirts, DVDs. All these are licensed situations. Xbox will have a game, IPT Pool for Xbox. That will be licensed, and we will also be producing our own DVDs of all the events which will be, as I mentioned, sold around the world. We are producing instructional DVDs from IPT players. Our first one was with Mike Sigel called Mike Sigel's Perfect Pool DVD Set. So we are going to have a lot of DVDs for sale and a lot of licensed products, and that's a tremendous amount of revenue in.

A percentage of that is going to be paid back to all of the IPT players as a form of profit sharing, and there's a bunch of other revenue sources that the IPT is going to generate for us to be a profitable business. We are taking a percentage of that and divvying it up amongst the players in the form of profit sharing.

How much will you get? I don't know, but I know it's going to be enough where I feel very confident to guarantee that I am going to give you 100 grand. People say, "Well, he's guaranteeing 100 grand," and I'm going...They're going to make that easy. Do you understand? Because I know what the revenue side is going to be. So it's --

[Applause and standing ovation.]

MR. TRUDEAU: The other thing that is going to be I think a big advantage to you that a lot of IPT members yet -- are yet to realize -- and it will probably happen after the first season....[End of excerpt]

I think that it would be unwise for anyone to interpret the above statement as an oral obligation by KT to guarantee all IPT cardholders $100,000.00, or any other amount. Sounds more like an overly enthusiastic business plan presentation than a binding oral contract, filled with conditions and ambitious assumptions.

Does a written contract come with an IPT card? If so, what does it state?
Click to expand...
 
Bola Ocho said:
Heh, that's NOT the impression a lot of players have. Make $100,000 by giving lessons, making appearances etc...wow. If that's the case - then KT is either going to have to pony up the bulk of the $100,000 of there's going to be a change in policy sometime next year - LOL!
Click to expand...

If this is true then the players should have paid more attention. I don't think you will find anyplace where KT said that the minimum prize money anyone would win would be $100,000. I always understood it to include profit-sharing, appearance fees, product endorsements, etc. but I would be happy to be corrected.
 
Bola Ocho said:
Heh, that's NOT the impression a lot of players have. Make $100,000 by giving lessons, making appearances etc...wow. If that's the case - then KT is either going to have to pony up the bulk of the $100,000 of there's going to be a change in policy sometime next year - LOL!
Click to expand...

That's almost exactly what he said and it was the essence of what he meant. Being a member of the IPT could be lucrative, not a gift. There may be opportunities that would not be available to the players otherwise. I.E. The $25,000 appearance fees he talked about, in that speech he was really on a roll and out came the $100,000 remark that he now seems to be stuck with.
 
macguy said:
That's almost exactly what he said and it was the essence of what he meant. Being a member of the IPT could be lucrative, not a gift. There may be opportunities that would not be available to the players otherwise. I.E. The $25,000 appearance fees he talked about, in that speech he was really on a roll and out came the $100,000 remark that he now seems to be stuck with.
Click to expand...

Whilst I have supported IPT from the beginning and still do,have got to say that this post succintly sums up almost exactly how I read the situation:)
 
STILL, it has been said on the IPT website, which was quoted in this thread - the word guaranteed. That means if you're a tour card holder - you're getting $100,000 as a result.


It doesn't matter where it comes from. Say you make it from profit sharing, appearances etc...he said guaranteed. If you cannot make that kind fo money from profit sharing, lessons, appearances etc..then what? He'll make up the rest? If so, then yes - they are getting $100,000 guaranteed. The big IF, is if KT pays it up.


Also, he equated the $100,000 with the word guaranteed to being a tour-card holder. That, by default, implies that it is a reward, or a prize. Can someone ranked 151st not make money via lessons, appearances, etc? Sure they can. But their making $100,000 isn't guaranteed. Thus, equating that guarantee of said amount to being a tour card holder is essentially making it a prize.

IPT hopefuls including the bottom 50 ranked
players from the 2006 season (who lose their
tour cards) will have the opportunity to secure
their 2007 IPT Tour Card and the $100,000
guaranteed income that comes with a 2007
tour membership.
Click to expand...
 
100k Guarantee

HELLO out there. A KT Guarantee is worth about 10 cents on the open market.

Try suing this guy. The line stretches from here to Chicago (verification available).

This does not mean the IPT cannot work. Every million dollar event is a big plus for the pro players who do well. Kind of like the old Camel Pro tour and the big bonus monies. Get it while you can.

KT is in this to develop a valuable brand, like the World Series of Poker. This may or may not happen. If it does, professional Pool is changed forever. If it fails to happen, some guys will make some money during the attempt.

My wish for the players is that all scheduled events take place and ALL monies are paid. PERIOD. Because the bad news is that none of the above is GUARANTEED either!
 
Here is some rough math....

Note: This math could be significantly off as it doesn't take into account the qualifier entrants nor the pyramiding probabilities of prizemoney increasing exponentially with matches won in sequence. Maybe a real math guru can make better estimations of the expected prize money distribution.

In 2007 there will be 9 tournaments for the players outside of the KOH which features just the top 40 players.

A player ranked mid-field (around 75 ranking) would win about 50% of their matches. This will come to about 4k per event. 9 x 4 = 36,000.

To get in the top 100 will probably require about 30,000. The bottom players will probably be around 22,000 which will hardly be enough to cover the costs.

I guess players who can earn 100,000 in prizemoney alone for the season will be ranked around the top 40 mark.

So there will be a lot of money to distribute to get all the players up to 100k. On average, about 50k to around 100 players. That's an additional 5 million to be kicked in to the planned 18-19 million in prize-money on offer.

I suspect there would be a riot if it does not eventuate. Not just from the card holders, but for the hundreds that have ponied up for the qualifiers, a significant part of the promotion which has been the guaranteed 100k for 2007 card holders.

Without the 100k guarantee, or similar amount, it just won't be viable for the players in the lower half of the field to have to give up their jobs to play on the tour. We'd start to get a lot pulling out of certain events I suspect, which would damage the credibility of the tour.

There would need to be strings attached to the 100k, such as attendance, behavior etc.

It's one heck of an ambitious goal to set up a tour like this, and part of doing that has required making big promises. As I understand, the tour has been guaranteed for at least the completion of 2007.
 
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