This thread seems to have taken a wrong turn, please lets not bicker and start name calling. This is something that can work and be great for pool, lets be possitive and support the plan as it can work and move pool into the future.
I will try to answer some of the concerns for some of the people concerned in this thread and shed a different light on it for you, and I do understand your concerns, but look at it from this pont of view if you would. And note that this is my point of view and would not particularly be someone elses point of view.
If I was a large room in a heavily populated area (which I am not), Mike's plan would look attractive to me if I have had thoughts on running a large pro event. The organization that which the event is sanctioned is a well thought out plan, and would provide great players almost gauranteed to come to the event. Secondly, the organization is flipping half the added money of 20k, thats a great plan and well thought out in my opinion, the room would be holding a 20k added event in my room for half the cost.
Now, (again if I was that room owner) how I would raise my half of the added money.
I would make 2 demands from the tour organization before I would consider holding the event. First, I would want 4 spots gauranteed open spots for 4 players I would qualify in my area through qualifying events, those 4 spots would require that I pay the 4 entry fees into the event. Secondly, I would want quality promotional products sent to me to advertise the tour and event. Paying for the promo products would be ok, but I would want them available.
OK, so here is how I would attempt to raise my end of the 20k added.
#1) I would hold 4 qualifier tournaments in my room, the winner of each qualifier tournament would earn one of the spots I reserved. The entry fee for each qualifier would be $60 in which $30 would be paid out in prizes and the other $30 would go toward their entry fee in the big event and the rest to the added money I have to put up.
Doing the math on that, estimated.
Hopefully 32 players at each of 4 qualifiers is 128 entries @$30 retained= $3,840. Lets say the entry to the big event is $300, so deduct $1,200 from that and you have $2,640 toward the 10k goal.
#2) I would estimate 80 spectators a day for the first 2 days and 40 spectators on the final day. Assuming its a 3 day event. 200 spectators@$10 each is $2,000 at the door.
#3) I would approach the hotels with the details and cut a deal on rooms for the players, I would also stipulate a kickback from each booking using a code. The kickback would be $10 a night per room booked with the code. Most likely a block of 50 rooms would be used but I would not gaurantee the 50 used, and most likely 3 nights for most would raise another $1,500.
So, here I have a total of $6,140 that I think I could raise just for starters. I could go on and on, so the point here is that YES it absolutely can be done, and the offer of the organization matching the added money is very attractive to a room that WANTS to run a big event and is CAPABLE of holding a big event, actually very attractive.
Kev