I agree, it's not extortion, it's simply asking too much for what is given in return.Dr. Dissent said:It is not extortion.
$150,000 is 5 percent of the 3 million dollars Kevin Trudeau promissed for one event. For each event, the 5% would be applied.
Normal sanctioning fees are 5 percent of the added money. Sometimes you see tournaments indicating $10,000 or $15,000 added money. For $10,000 the sanctioning fees would be $500; for $15,000 the fee is $ 750.00.
Barry Behrman (recent US Open Tournament) should have paid $3,600 sanctioning fee to the WPA. This amount (paid) based on the $72,000 added money because of the full field of 256 players.
Did the WPA offer attractive documentation of the benefits they deliver, as a normal business would? No, they demanded a price combined with a threat, as government type bureaucracies do. They prefer force over service. Little surprise KT took a backstep, quoting them as mafia like.
Does the WPA provide media coverage, PR expertise, channels of exposure? Certainly not in a professional or highly valuable sense. Compare this to a small event company, who has staff dedicated to media, PR, design etc. WPA is a committee, that implements very little. They scratch backs and cash in on the operators that actually organize and promote events.
If they come in with the IPT, they will seek to influence the format, title naming, event dates and all with lengthy time delays I suspect. The last this the IPT needs with so much to accomplish in a short time. Perhaps they'll demand equivalent women's, seniors, juniors, trickshots and wheelchair events to more fairly (politically correctly) distribute the moneys.
They may end up getting their sanctioning at reduced fees, just to save face, but KT holds the upper card in negotiation while his events offer many multiples in potential earnings than WPA sanctioned events around the world have to offer.
KT is adding close to 9 million this next year. All WPA sanctioned events probably total around 1 million. If they keep their 5% demand going, that is around US$450,000 in sanctioning fees. With this money alone he could payroll the top 10 players in the world and turn the WPA into a B grade league, as it will end up being if they try to ban all IPT members from the 9-Ball World Championships anyway.
Now if the WPA asks 50-100k per year, and doesn't interfere too much, then maybe a compromise will be made.
Just thinking aloud. I certainly want to see the existing tournaments continue and thrive if possible.