30 days past due

[Da Poet]

Something very good better happen this week. Unfortunately, for those players who haven't yet already, now would be an appropriate time for the players to begin to get organized and figure out what their next move should be.

As a huge fan of pool, The way the IPT tour is stalling on this prize money thing is absolutely inexcusable and embarrassing to witness. I really admire the way the players have handled this situation and I'm sure they will continue to do so in the same fair and supportive manner.

The smartest thing I think the IPT could do now, on top of cutting the checks, is for the IPT to voluntarily pay a reasonable amount of interest on the prize money owed. Do it without it being demanded. I can't think of a better, more cost effective way to help settle the speculation regarding the intentions of the IPT founders and the long term commitment of the IPT.

Maybe the players got paid in the time it took me to write this!

 

[Southpaw]

Lets look at some other things that happen after 30 days of non-pay:
1) 30 days late on your rent- can sometimes get you evicted
2) 30 days late on your credit card payment- can get your account frozen until a payment is made.
3) 30 days late on your phone/cable/electricity- usually results in them being turned off.

Point is....30 days late is a long time for no resolve when a payment is due!

Southpaw

 

[jjinfla]

30 days late on rent? Hell, you get a 5 day notice if you are 3 days late.

Tomorrow makes 31 days. Now that is serious.

One month for sure.

But since everyone now agrees that the IPT is a dead deal and with all the bad publicity for the late, and now almost a certainty of non-payment of prize money, their reputation is forever marred.

Therefore, now it makes no sense at all for them to pay the players.

$5,000,000 can sure buy a lot of really good attorneys, who can delay this for years, and years and years and cost the players a lot of money if they want to persue it.


It hasn't looked good for 30 days and with each day it looks worse.

The only question left to be answered is when are they going to declare bankruptcy?

Of course, if no one cries foul (files a complaint) then there is no reason for the IPT to do anything. They will just remain silent and keep playing the waiting game and then slowly fade away.

Jake

 

[BigDaddyInc.]

now i probably don't understand fully but did this KT natural cures guy put up all the prize money for these tournaments? if so that would have been an instant "red flag" for me if i was considering entering his tournaments because i would have to wonder why? does he love pool that much? how could he profit from this? i mean you know he's a business man he had to think he would eventually profit from this i mean he put up a ton of cash from what i've seen and read. how could he possibly recoup?

 

[Robroy]

I did talk with someone within the IPT. He is still hopeful; everyone is in the waiting mode. He thinks it could still be a week or two before any real news can be posted.
He has read what everyone has posted and agrees for the most part (it has been a harsh board).....he knows that no payment is just wrong. At least everyone should have been notified first hand about the $$$$ and not strung along.
Again he is on the inside and is waiting along side of everyone else..... jobs are on the line too.
I will check back with him in a week or so to see if there are any updates.
But for now there is no news...............because there is "no news"

 

[Flex]

I hope it doesn't happen, but I just wonder what it might feel like getting stiffed $30,000 or more... Heck, getting stiffed $10 hurts...

 

[Timberly]

I hope it doesn't happen, but I just wonder what it might feel like getting stiffed $30,000 or more... Heck, getting stiffed $10 hurts...

It depends on which end of the stiff you're on.... If your Thorsten, it's not too bad. He's way ahead of the game and was paid for the events he finished high in. He went out the 1st round in Reno so he's definitely ahead of the game.

There's others like Mike Davis that wasn't invited to play in Orlando and who didn't have a good tournament in Vegas. He left Vegas with $2000 but "won" $15,000 in Reno.

Both of these guys incurred expenses getting to, staying, and getting home from Reno. In the end, it doesn't matter if you're Thorsten and you lucked out to be ahead or if you're Mike and you weren't so lucky to come out ahead... stiffing the players after all the expenses they incurred is simply horrible.

Don't forget... while only 43 (wtf kind of number is that anyway??) were invited to play in Orlando, the other 107 members of the IPT that were not invited to play, still had to go to Orlando for the week or lose their tour card. Some of these people have jobs and it was a helluva hardship on them... getting to Vegas and Reno was a helluva hardship on them.... For some of the players that weren't invited to play in Orlando and who didn't finish very high in Vegas, they would've been better off losing their tour card at this point. I guarantee you Mike D has spent more than $2000 in travel, lodging, & food for all 3 events.

The more I think about these things and type my responses, the more it pisses me off.... If I were to say what I really wanted to say, I would end up banned before I even had time to log off so I'll simply say to KT & Deno... read my mind... it's not hard to figure out what I'm thinking.

 

[oneballeddie]

Don't forget... while only 43 (wtf kind of number is that anyway??)

43 = 6*7 + MS

P.S. I read your mind and agree 100%

 

[Flex]

43 is a "prime" number... just like 7, 11, 13, 17, 19, 23, 29, 31, 37, and 41. It's divisible only by itself and 1.

Who knows why he picked it... perhaps thinking the number would get into people's minds and stay there, bothering them... Also it makes for a good setup for round robins, I suppose...

 

[spadevil]

I guarantee you Mike D has spent more than $2000 in travel, lodging, & food for all 3 events.

And what about the overseas players who have paid much more than this.

 

[Timberly]

And what about the overseas players who have paid much more than this.

EXACTLY! I was simply using an example of someone that I know from here in the states... the guys from overseas...Let's just say that I simply canno say what I want to say at this point.

 

[Southpaw]

Has there been any kind of announcement about the Chicago event? Is it still on or has it been cancelled?

Southpaw

 

[tonyc]

I didnt play Reno howver most of the IPT players could be in a lot worse position, A good majority of the members have not lost a thing, What about the guys that have been busting there balls playing in Qualifiers, These guys are the ones a realy feel sorry for. There are a few that played every single qualifier. so they are the ones more out of pocket than anyone.

 

[corvette1340]

EXACTLY! I was simply using an example of someone that I know from here in the states... the guys from overseas...Let's just say that I simply canno say what I want to say at this point.

I agree with most of what you've been saying about the IPT over the past few weeks, but I'm not sure its over a concern for the players and their well beings like you say. The fact is that while , yes, being stiffed by the IPT is and will be tragic, the players have nobody else to blame but themselves. They trusted a well known con man to deliver on wildly ludicrous promises and consequently got one shoved in the ass. As for your ridicules of the IPT, you have been a stauch dissenter of the IPT since its inception. While everyone was saying that the IPT was the greatest thing to ever happen to pool, you were bad mouthing it because it was going to take some of the glamour and possibly some of the players and importance away from your precious Derby City Classic and US open. I'm sure you are as happy as can be now that the events you can attend will remain the biggest.

 

[Timberly]

I agree with most of what you've been saying about the IPT over the past few weeks, but I'm not sure its over a concern for the players and their well beings like you say. The fact is that while , yes, being stiffed by the IPT is and will be tragic, the players have nobody else to blame but themselves. They trusted a well known con man to deliver on wildly ludicrous promises and consequently got one shoved in the ass. As for your ridicules of the IPT, you have been a stauch dissenter of the IPT since its inception. While everyone was saying that the IPT was the greatest thing to ever happen to pool, you were bad mouthing it because it was going to take some of the glamour and possibly some of the players and importance away from your precious Derby City Classic and US open. I'm sure you are as happy as can be now that the events you can attend will remain the biggest.

Absolutely not true. You should know of what you speak before you say something. Lucky for me I've got proof that you're wrong.... I don't delete my posts. Anyone is welcome to go back and look at my posts and see for themselves.

I'm not sure why you have such animosity about me enjoying the DCC and Open. They're fun events and MOST people that take the time off of work to go to tournaments enjoy them. Somehow because I enjoy them, they're bad things? For the record... yes I got upset when KT mentioned exclusivity. I enjoy watching a lot of players that are on the IPT and if they were only allowed to play in IPT events in Vegas where I could rarely afford to go then I wouldn't get to enjoy the few tournaments a yr that I get to go to.

I'm as honest as I can possibly be on these forums, there's no need to question what I mean or what my motive is. I realize people that don't use their real names and hide behind screen names find that difficult to believe but it's true. I use my real name, I speak my mind, I say what I know to be true, and I clarify when I don't know something to be a fact. What ulterior motive could I possibly have for lying about why I'm angry with the IPT??? Up until things got squirrelly with Mark Trainer and then Reno, I was a fan of the IPT. It is possible to be a fan of something but not agree with everything. There's millions of football fans that don't agree with certain rules, players, or coaches. You don't have to follow something blindly in order to be a fan of it.

I truly am a compassionate, genuine person. I've known some of these guys (some that you know and claim to be friends with) since we were teenagers. I've seen how they live. I know what the life of a pool player is like...why is it so hard to believe that I sincerely want a better life and better pay for my old friends, new friends, and even those that I do not know but are good enough to compete at the highest level?

 

[jay helfert]

Absolutely not true. You should know of what you speak before you say something. Lucky for me I've got proof that you're wrong.... I don't delete my posts. Anyone is welcome to go back and look at my posts and see for themselves.

I'm not sure why you have such animosity about me enjoying the DCC and Open. They're fun events and MOST people that take the time off of work to go to tournaments enjoy them. Somehow because I enjoy them, they're bad things? For the record... yes I got upset when KT mentioned exclusivity. I enjoy watching a lot of players that are on the IPT and if they were only allowed to play in IPT events in Vegas where I could rarely afford to go then I wouldn't get to enjoy the few tournaments a yr that I get to go to.

I'm as honest as I can possibly be on these forums, there's no need to question what I mean or what my motive is. I realize people that don't use their real names and hide behind screen names find that difficult to believe but it's true. I use my real name, I speak my mind, I say what I know to be true, and I clarify when I don't know something to be a fact. What ulterior motive could I possibly have for lying about why I'm angry with the IPT??? Up until things got squirrelly with Mark Trainer and then Reno, I was a fan of the IPT. It is possible to be a fan of something but not agree with everything. There's millions of football fans that don't agree with certain rules, players, or coaches. You don't have to follow something blindly in order to be a fan of it.

I truly am a compassionate, genuine person. I've known some of these guys (some that you know and claim to be friends with) since we were teenagers. I've seen how they live. I know what the life of a pool player is like...why is it so hard to believe that I sincerely want a better life and better pay for my old friends, new friends, and even those that I do not know but are good enough to compete at the highest level?

TAP TAP TAP

 

[corvette1340]

Absolutely not true. You should know of what you speak before you say something. Lucky for me I've got proof that you're wrong.... I don't delete my posts. Anyone is welcome to go back and look at my posts and see for themselves.

I'm not sure why you have such animosity about me enjoying the DCC and Open. They're fun events and MOST people that take the time off of work to go to tournaments enjoy them. Somehow because I enjoy them, they're bad things? For the record... yes I got upset when KT mentioned exclusivity. I enjoy watching a lot of players that are on the IPT and if they were only allowed to play in IPT events in Vegas where I could rarely afford to go then I wouldn't get to enjoy the few tournaments a yr that I get to go to.

I'm as honest as I can possibly be on these forums, there's no need to question what I mean or what my motive is. I realize people that don't use their real names and hide behind screen names find that difficult to believe but it's true. I use my real name, I speak my mind, I say what I know to be true, and I clarify when I don't know something to be a fact. What ulterior motive could I possibly have for lying about why I'm angry with the IPT??? Up until things got squirrelly with Mark Trainer and then Reno, I was a fan of the IPT. It is possible to be a fan of something but not agree with everything. There's millions of football fans that don't agree with certain rules, players, or coaches. You don't have to follow something blindly in order to be a fan of it.

I truly am a compassionate, genuine person. I've known some of these guys (some that you know and claim to be friends with) since we were teenagers. I've seen how they live. I know what the life of a pool player is like...why is it so hard to believe that I sincerely want a better life and better pay for my old friends, new friends, and even those that I do not know but are good enough to compete at the highest level?

I believe that what you say is genuine. I was only commenting on what I perceived was your reasoning for disliking the IPT. I too, hate what has happened to the players and further more think that KT should be horse whipped in front of a stadium full of people. I know most of the players on the IPT and those that have qualified and would like to see them succeed, but I think they should have been a little more skeptical in this one with the knowledge of KT's past. By the way, my real name IS corvette1340, corvette1340 Love III.

 

[jay helfert]

I believe that what you say is genuine. I was only commenting on what I perceived was your reasoning for disliking the IPT. I too, hate what has happened to the players and further more think that KT should be horse whipped in front of a stadium full of people. I know most of the players on the IPT and those that have qualified and would like to see them succeed, but I think they should have been a little more skeptical in this one with the knowledge of KT's past. By the way, my real name IS corvette1340, corvette1340 Love III.

Is 1340 your middle name? lol

Are you any relation to Davis Love III ?

 

[corvette1340]

Is 1340 your middle name? lol

Are you any relation to Davis Love III ?

I'm not related to Davis. I have however, played with him, his brother, and his coach. (Mark Love and Jack Lumpkin). I just needed a cool last name other than Smith or Jones so Timberly would like me.

 

[Timberly]

I didnt play Reno howver most of the IPT players could be in a lot worse position, A good majority of the members have not lost a thing, What about the guys that have been busting there balls playing in Qualifiers, These guys are the ones a realy feel sorry for. There are a few that played every single qualifier. so they are the ones more out of pocket than anyone.

Hey T! I wasn't excluding the guys that've played in the qualifiers... believe me when I tell you that they (you) have crossed my mind numerous times through out all of this, even when the IPT was paying the players. It's just that here lately, when thinking of someone to use as an example, the first people that tend to come to mind are the guys that are currently owed money from the Reno event.

You're a 100% correct, esp when talking about the guys that were invited to play in Orlando. These guys were given a tour card, they didn't have to pay anything out of pocket to become a member. The players from Orlando all made enough money to cover expenses for that week.

I'll use Allison Fisher as an example.... (for this scenario just pretend she's not sponsored)

Cost for 2006 tour card -------- $0
Winnings in Orlando -------------$6200
Winnings in Vegas --------------$5000

She's been paid $11,200

I think it's safe to say that travel expenses to include hotels and food do not add up to $11,200.

Knowing CJ Wiley played in 4 qualifiers and didn't finish high enough to play in an IPT event, I'll add up his numbers....

Cost for playing in 4 qualifiers ------ $8000
Money paid out to CJ for anything---$0
Travel expenses -------------------$???

CJ had to fly from TX to KY, GA, CA, & MA. Along with the flight costs, he had to pay for a hotel and of course food. Let's guess $300 per plane ticket... that's $1200. Since most of the qualifiers were 2 day events, we'll guess he paid roughly $200 a wkend (give or take a little of course) for his hotel...that's $800. Factor in food at roughly $400 ($50 a day).

A very rough estimate for what CJ has paid out to date since last Jan is $10,400 and he's not gotten a dime back because he didn't qualify.

Allison (after travel expenses to include Reno) lets say she's + $7200

CJ (to include entry fee's & travel) is - $10,400

Allison still stands a chance to get a check for $7429 to put her @ $14,449

Yeah, the guys playing in the qualifiers have spent a fortune trying to get a piece of what Allison and any other tour card holder has been given with little to no cost. Remember... Allison's figures, while a little off of course, are still quite small compared to guys that finished in the middle like Shawn Putnam.... If the guys that finished in the middle are ahead of the game, there's no need to even bother looking at the numbers of the guys that finished higher. Suffice it to say that the folks that are out the most, are the guys that played in multiple qualifiers... esp those that didn't finish high enough to qualify.