Colin Colenso said:
Good luck Colin. Please see above.
$100,000 Guaranteed in 2007?
- Thread starter DanielM
- Start date
Good luck Colin. Please see above.
I'm still a little shocked that a few posters on here actually denied ever hearing KT announce the world open qualifiers where originally 1k so I thought I'd take a screen shot 
Interesting that despite clearly stating the end of year qualifiers would be $1000 and $2000 in his Audio Release I note that these prices are not listed on the website, anyone want to bet that these stated numbers increase substantially......didn't think so 
Screen shot of "100k guaranteed" attached
Interesting that despite clearly stating the end of year qualifiers would be $1000 and $2000 in his Audio Release I note that these prices are not listed on the website, anyone want to bet that these stated numbers increase substantially......didn't think so Screen shot of "100k guaranteed" attached
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onepocketchump
Guest
Well, at this point all we can do is wait and see what happens. Since there is not one alternative that even begins to come close to what Kevin is promising/offering/guaranteeing I suppose that players cannot be faulted for going for it.
Kevin did say that IF a 2007 tour card holder does not reach 100K in earnings then he would personally write them a check for the difference.
I think Kevin really intends to do it. Whether he can is unknown. What we do know is that there is no one else with his financial strength and network who is interested in trying to take pool into the big time. What we know so far is that he has produced two events as he said he would and ran them as he said he would. With one exception, he advertised $100,000 to the winner and $50,000 to the loser of the Sigel/Jones match and actually paid out $150,000 and $75,000.
Kevin definitely has an ambitious vision for the IPT. He is smart enough to know that he cannot build it through the combined wealth of the players. He knows that he won't finance it through the qualifiers. He has said as much. He wants to create a world where an IPT Tour Card Holder has the same status and access to endorsements and licensing as a PGA Touring Pro. Not a bad dream. Perhaps this is the legacy KT will come to be remembered for and not the infomercials. One can hope.
John
Kevin did say that IF a 2007 tour card holder does not reach 100K in earnings then he would personally write them a check for the difference.
I think Kevin really intends to do it. Whether he can is unknown. What we do know is that there is no one else with his financial strength and network who is interested in trying to take pool into the big time. What we know so far is that he has produced two events as he said he would and ran them as he said he would. With one exception, he advertised $100,000 to the winner and $50,000 to the loser of the Sigel/Jones match and actually paid out $150,000 and $75,000.
Kevin definitely has an ambitious vision for the IPT. He is smart enough to know that he cannot build it through the combined wealth of the players. He knows that he won't finance it through the qualifiers. He has said as much. He wants to create a world where an IPT Tour Card Holder has the same status and access to endorsements and licensing as a PGA Touring Pro. Not a bad dream. Perhaps this is the legacy KT will come to be remembered for and not the infomercials. One can hope.
John
onepocketchump said:
When it is said in such clear and simple terms it really does sound exciting doesn't it. I just wish he had decided to just sponsor say four annual milti million dollar "OPEN" tournaments he would own full rights to in every aspect, merchandising, media and so on, instead of this closed stable of selected players. Four open tournaments with that kind of money, real extravaganzas, would have set the pool world on it's ear.
Well
Everyone that made money in the KOTH tournament is back, so they must have got paid. If you hear news that your company is in iffy financial trouble, do you get another job, or wait around till next payday to see if you get a check.... even though you rush to the bank to cash it ... lol
Till Efren jumps ship, I don't think I will worry ...
Everyone that made money in the KOTH tournament is back, so they must have got paid. If you hear news that your company is in iffy financial trouble, do you get another job, or wait around till next payday to see if you get a check.... even though you rush to the bank to cash it ... lol
Till Efren jumps ship, I don't think I will worry ...
Snapshot9 said:
The KOTH was a promotion and the money was not really anything to them at the time. According to the people who track the informicials they were spending like $1.5 million a month back then just promoting the book so they are used to those kinds of figures. Heres the thing, the book is in the crapper now.
He made an attempt to revive his previous success with a second book that went instantly into the crapper. They have not even bothered throwing good money after bad buying additional advertising recognizing it is over. This tells me that he knows when it's time to stop beating a dead horse and cut loses. You get my drift?
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onepocketchump
Guest
macguy said:
Oh, I'd say the pool world is pretty much on it's ear now.
)John
No one is arguing what good KT is doing for pool. No one is arguing that the players are going to make more money than ever (regardless of the $100,000). No one is arguing his tactics or rhetoric for making a successful pool tour.
However, there would only be a handful of players qualifying for ANY event if there wasn't a $100,000 guarantee made. It would be the handful of players that believes they can play on the tour at a level where they could make some serious money - the guys that can compete with the best who felt that they should have been chosen as part of the orignal 150. Many players on the qualifiers are looking towards that $100,000 guarantee. That's the prize for them.
How much will someone ranked 95th make in a year from prize money? I'm sure it will be pretty good. Much better than the past. But it's about the $100,000. This year, the prize money, even for the IPT 150 players who get knocked out 1st round each time will be low due to the smaller amount of tournaments..next year will be higher amount for anyone.
To illustrate my point, here's a hypothetical exercise...Say KT comes out, after the Venetian tournament, and clarifies that the $100,000 isn't a real guarantee, but what they *could* make if the IPT was successful. What do you think would happen then - if it was made clear that it is not guaranteed money for being 100th or better?
I don't think the IPT would die, the prize money is still way too high for players (the current touring pros) to give up on. But for the players looking to land a spot in the top 100 - they aren't going to kill themselves and pay out the nose for qualifiers to get into a tournament where there's no guarantee for the $100,000 and in which there's no guarantee they'll win more than just the show-up prize money. At least with a guaranteed $100,000 there's something worth risking for. Without it, the risk becomes way too big to justify such difficult and expensive qualifiers.
Put yourself in the shoes of someone with enough talent to be top 100, but not top xx to make huge prize money - would you pay for so many qualifiers without a $100,000 reward for your risk?
Not to mention, with 9 events (where points/money count) next year, those who are card holders will have a massive advantage over non-card holders. They have 9 tournaments in which they can pile up the winnings/points. That season will be a battle between the 150 card holders to see who will be top 100. As for qualifiers, it will be difficult for players to play qualifiers for all the various opens, compete in each etc...This is the year where qualifiers have a real chance. Next year, a qualifier would have to get into 2-3 opens at least, and in at least 1-2 of them go VERY deep into the tournament to win enough to carry them over for the events they might not qualify for, or for the events they cannot attend. There's the tour card qualifier tournament - that would be anyone's best chance.
However, there would only be a handful of players qualifying for ANY event if there wasn't a $100,000 guarantee made. It would be the handful of players that believes they can play on the tour at a level where they could make some serious money - the guys that can compete with the best who felt that they should have been chosen as part of the orignal 150. Many players on the qualifiers are looking towards that $100,000 guarantee. That's the prize for them.
How much will someone ranked 95th make in a year from prize money? I'm sure it will be pretty good. Much better than the past. But it's about the $100,000. This year, the prize money, even for the IPT 150 players who get knocked out 1st round each time will be low due to the smaller amount of tournaments..next year will be higher amount for anyone.
To illustrate my point, here's a hypothetical exercise...Say KT comes out, after the Venetian tournament, and clarifies that the $100,000 isn't a real guarantee, but what they *could* make if the IPT was successful. What do you think would happen then - if it was made clear that it is not guaranteed money for being 100th or better?
I don't think the IPT would die, the prize money is still way too high for players (the current touring pros) to give up on. But for the players looking to land a spot in the top 100 - they aren't going to kill themselves and pay out the nose for qualifiers to get into a tournament where there's no guarantee for the $100,000 and in which there's no guarantee they'll win more than just the show-up prize money. At least with a guaranteed $100,000 there's something worth risking for. Without it, the risk becomes way too big to justify such difficult and expensive qualifiers.
Put yourself in the shoes of someone with enough talent to be top 100, but not top xx to make huge prize money - would you pay for so many qualifiers without a $100,000 reward for your risk?
Not to mention, with 9 events (where points/money count) next year, those who are card holders will have a massive advantage over non-card holders. They have 9 tournaments in which they can pile up the winnings/points. That season will be a battle between the 150 card holders to see who will be top 100. As for qualifiers, it will be difficult for players to play qualifiers for all the various opens, compete in each etc...This is the year where qualifiers have a real chance. Next year, a qualifier would have to get into 2-3 opens at least, and in at least 1-2 of them go VERY deep into the tournament to win enough to carry them over for the events they might not qualify for, or for the events they cannot attend. There's the tour card qualifier tournament - that would be anyone's best chance.