mapman72
New member
Ok. So, after this thread, I will obviously never get a good draw in one of my regional events again 
First, I would like to say that I think the regional pool tours throughout this country are a great thing for pool players. I appreciate the hard work it takes to pull one of these tours off and I am only opening this line of discussion because I am curious about a couple things. I hope that the current tour I play on views this as a simple question about how the tour is run and not something deeper.
I am really interested in finding out payouts and how they're determined. I recently finished 9-12th in a $1,500 added event. I paid a $70 entry fee and my prize money was $80. I was in the third round of the money at this point. The first round of money received $40 + a sponsor's gift certificate ($25) and the second round received $70. I felt like making it to 9-12th in this field was a realistic finish for me and on a better day, I might crack the top ten. So I spent the better part of two days competing, travelled 45 minutes from my house (I rented a car to get there), ate several meals at and around the pool hall, made the third money round, and received a net prize of $9 for my troubles, not including car, gas, food, etc. (real net prize was -$120.00).
I decided to approximate the figures for the tournament and see where the money goes. According to my calculations, with 56 players @ $70 a piece, minus about $60 because of reduced juniors and ladies fees, I come out to $3,860 for the open event. A friend told me that the added money was for both the open and the ladies event, so I calculated them together. For the ladies, with 20 entries @ $60 per entry, given a reduced fee for two youths that I could tell, I come up with $1170. So the grand total entry fees for the two tournaments was approximately $5030. Now the grand total payouts for each event was $4760 ($3670 for open, $1090 for ladies). This doesn't include $200 in sponsor's gift certificates that I am assuming were provided to the tour for free. Not including new tour memberships, which I know of two for certain, there is a surplus of approximately $270, assuming my calculations on the amount of entry fees collected is accurate. This is before the added money. So if you add the $1500 to that, you come up with a surplus of $1770.
So, I guess my question is what does the surplus go to? Are there added expenses other than paying the folks that run the tournament that I am overlooking. I believe that this tournament had 3 people working it, so if the answer is that the three people received about $600 for the tournament, then that's fine, because they certainly spend a lot of time there and put a lot of effort into it. And this tournament is so well run that I don't mind a considerable amount of money going into the administration of the event. I do, however, have a little bit of a problem advertising that the tournament is a $1,500 added event when in reality that money is not reflected in the prize payouts. I also wonder if the administration cut is a constant and if 120 players show up, is all the money above the administration of the tournament put back into the prize pool, or does it go into an account to manage and host future tournaments.
I decided to post this to see if this is something that other folks are experiencing throughout the country, as well as to get an explanation from some of the folks that represent my tour. The folks that represent my tour are good people and I do not question their character, but I am curious as to the tournament payout process. I was also motivated to post this after seeing that the Joss Tour Finale, a $25,000 added event, has a first prize of $10,000 while the Big Apple, a $15,000 added event, had the same first prize.
Let the discussion begin.
First, I would like to say that I think the regional pool tours throughout this country are a great thing for pool players. I appreciate the hard work it takes to pull one of these tours off and I am only opening this line of discussion because I am curious about a couple things. I hope that the current tour I play on views this as a simple question about how the tour is run and not something deeper.
I am really interested in finding out payouts and how they're determined. I recently finished 9-12th in a $1,500 added event. I paid a $70 entry fee and my prize money was $80. I was in the third round of the money at this point. The first round of money received $40 + a sponsor's gift certificate ($25) and the second round received $70. I felt like making it to 9-12th in this field was a realistic finish for me and on a better day, I might crack the top ten. So I spent the better part of two days competing, travelled 45 minutes from my house (I rented a car to get there), ate several meals at and around the pool hall, made the third money round, and received a net prize of $9 for my troubles, not including car, gas, food, etc. (real net prize was -$120.00).
I decided to approximate the figures for the tournament and see where the money goes. According to my calculations, with 56 players @ $70 a piece, minus about $60 because of reduced juniors and ladies fees, I come out to $3,860 for the open event. A friend told me that the added money was for both the open and the ladies event, so I calculated them together. For the ladies, with 20 entries @ $60 per entry, given a reduced fee for two youths that I could tell, I come up with $1170. So the grand total entry fees for the two tournaments was approximately $5030. Now the grand total payouts for each event was $4760 ($3670 for open, $1090 for ladies). This doesn't include $200 in sponsor's gift certificates that I am assuming were provided to the tour for free. Not including new tour memberships, which I know of two for certain, there is a surplus of approximately $270, assuming my calculations on the amount of entry fees collected is accurate. This is before the added money. So if you add the $1500 to that, you come up with a surplus of $1770.
So, I guess my question is what does the surplus go to? Are there added expenses other than paying the folks that run the tournament that I am overlooking. I believe that this tournament had 3 people working it, so if the answer is that the three people received about $600 for the tournament, then that's fine, because they certainly spend a lot of time there and put a lot of effort into it. And this tournament is so well run that I don't mind a considerable amount of money going into the administration of the event. I do, however, have a little bit of a problem advertising that the tournament is a $1,500 added event when in reality that money is not reflected in the prize payouts. I also wonder if the administration cut is a constant and if 120 players show up, is all the money above the administration of the tournament put back into the prize pool, or does it go into an account to manage and host future tournaments.
I decided to post this to see if this is something that other folks are experiencing throughout the country, as well as to get an explanation from some of the folks that represent my tour. The folks that represent my tour are good people and I do not question their character, but I am curious as to the tournament payout process. I was also motivated to post this after seeing that the Joss Tour Finale, a $25,000 added event, has a first prize of $10,000 while the Big Apple, a $15,000 added event, had the same first prize.
Let the discussion begin.
