IPT $13,000 salary for 2006 is bunk!

[jjinfla]

Okay, I should have said "only" $13,000 is bunk.

Anybody been running the numbers?

I'm sure Colin and Linda have.

If the next three qualifiers are like the first one and they draw around 50 at each one that will bring in around $368K from the qualifiers. The first Open will bring in $79K in entrance fees. That brings it up to $447K.

Then if they start selling IPT products the royalties can really be big.

I can see where players this year, even if they never win a game, will bring home 50K easily.

I get the feeling that the IPT is really starting to snowball. Yesterday at the pool hall they were spreading the word that there will be qualifiers for the qualifier in Ga. 20 people at $100 = 1 qualifier. 40 people = 2 qualifiers. I think they will get a lot of so-so players paying the $100 for a chance. Hoping with a little luck they will make it.

Anyway it has to be good for the local pool room holding the event.

And yesterday three people came into the room looking to play 8-ball partners. Just driving through from Valdosta. 8-ball, not 9-ball.

Jake

 

[Gabber]

"If the next three qualifiers are like the first one and they draw around 50 at each one that will bring in around $368K from the qualifiers. The first Open will bring in $79K in entrance fees. That brings it up to $447K."

What makes you think that the $368K will be added to the prize money?
I dont remember KT saying that or reading that on the IPT website.

Gabber

 

[macguy]

Okay, I should have said "only" $13,000 is bunk.

Anybody been running the numbers?

I'm sure Colin and Linda have.

If the next three qualifiers are like the first one and they draw around 50 at each one that will bring in around $368K from the qualifiers. The first Open will bring in $79K in entrance fees. That brings it up to $447K.

Then if they start selling IPT products the royalties can really be big.

I can see where players this year, even if they never win a game, will bring home 50K easily.

I get the feeling that the IPT is really starting to snowball. Yesterday at the pool hall they were spreading the word that there will be qualifiers for the qualifier in Ga. 20 people at $100 = 1 qualifier. 40 people = 2 qualifiers. I think they will get a lot of so-so players paying the $100 for a chance. Hoping with a little luck they will make it.

Anyway it has to be good for the local pool room holding the event.

And yesterday three people came into the room looking to play 8-ball partners. Just driving through from Valdosta. 8-ball, not 9-ball.

Jake

You would need a lot more information that will not be shared, nor should it be, it is a private business. If he refers to it as profit sharing it will be a long time before any profits are realized if at all. They are royally in the hole now and haven't had the first tournament. Unless KT just wants to hand out gifts to the players profits are a long way off. I would think the money from the qualifiers may be used to cover some current expenses like salaries of people on staff like Deno and so on. It will help stop some of the bleeding that is probably taking place.

 

[Colin Colenso]

I believe that only 10% of the qualifier entry fees will be shared amongst the 150 members (and only those that don't refer a particular cuurent IPT member).

If that is the case, it may be around 1 or 2k going to each member from qualifiers for the 2006 season.

As for commissions on product sales I have no idea. I'll be pleasantly suprised if it all adds up to 20k in 2006 (including the 13k minimum prize money).

 

[jjinfla]

I believe that only 10% of the qualifier entry fees will be shared amongst the 150 members (and only those that don't refer a particular cuurent IPT member).

If that is the case, it may be around 1 or 2k going to each member from qualifiers for the 2006 season.

As for commissions on product sales I have no idea. I'll be pleasantly suprised if it all adds up to 20k in 2006 (including the 13k minimum prize money).

Maybe so Colin, but you have to a admit that the prospects are looking better and better all the time. I believe that when it started the bottom 75 were getting nothing in the tournaments.

But not bad for only having to "work" around 30 days in the year.

Jake

 

[macguy]

But not bad for only having to "work" around 30 days in the year.

Jake

Try 365 like 2 to 4 hours a day as well as the cost to practice if you don't have a table at home, on top of your regular job and travel expenses. Add to that the stress of competing if you are in it for anything more then a fantasy camp and this is a tough row to hoe. I know you like to be a cheerleader but at some point you have to live in the real world.

 

[Colin Colenso]

Maybe so Colin, but you have to a admit that the prospects are looking better and better all the time. I believe that when it started the bottom 75 were getting nothing in the tournaments.

But not bad for only having to "work" around 30 days in the year.

Jake

Hi Jake,
I'm certainly not complaining.

It's a pool player's dream to be able to play knowing that expenses are covered.

But Macguy has a point too. For the number of hours and commitment, and lost opportunity costs of delaying other career choices in the short run, would still mean not winning any matches would be a net loss.

But as a pool player, it's a magic carpet ride, and those sacrifices seem nothing in comparision to the potential benefits.

I just wanted to straighten out that the money sharing was 10%. Not all distributed. Certainly can't complain about that
Colin

 

[sjm]

Try 365 like 2 to 4 hours a day as well as the cost to practice if you don't have a table at home, on top of your regular job and travel expenses. Add to that the stress of competing if you are in it for anything more then a fantasy camp and this is a tough row to hoe. I know you like to be a cheerleader but at some point you have to live in the real world.

Actually, when Jake said "not bad for having to work only 30 days," his number was too high, not too low.

An IPT roster member can earn the minimum without ever practicing, and as it will be quite certain they wouldn't have to play more than the first day or two of any event, I suspect the number of days they HAVE to work to earn the minimum income is more like 10.

Of course, you have a legitimate point when you comment that any hours devoted to practice should count as work. I agree.

 

[Tbeaux]

There are what,four events? They aren't held to just participating in the IPT are they? So they pretty much are in the same boat as before with regards to what they make in other tours, events, lessons,exhibitions etc.
The IPT is in addition to their normal pool playing revenue.

Terry

 

[rackmsuckr]

There are what,four events? They aren't held to just participating in the IPT are they? So they pretty much are in the same boat as before with regards to what they make in other tours, events, lessons,exhibitions etc.
The IPT is in addition to their normal pool playing revenue.

Terry

Yes, and we would be practicing anyway, which I don't call work, but FUUUUNNNN!

Jake, you are right, the $13,000 comes without winning a match, plus any profit sharing and referral fees.

 

[macguy]

Actually, when Jake said "not bad for having to work only 30 days," his number was too high, not too low.

An IPT roster member can earn the minimum without ever practicing, and as it will be quite certain they wouldn't have to play more than the first day or two of any event, I suspect the number of days they HAVE to work to earn the minimum income is more like 10.

Of course, you have a legitimate point when you comment that any hours devoted to practice should count as work. I agree.

I would hope that even the worst player on the tour has some commitment to it. That is why I believe that after possibly even just the first real tournament you will see a number of dropouts. You have players on there that could possibly not win a match and have zero chance of finishing in the top 100 no matter what they do. Once the novelty of standing around in their suits holding their cases with their names emblazoned on the side pretending they are professional pool players wares off and maybe some embarrassment that they don't really belong there and are little more then bye's for the good players, they may see it for what it is. A tough competitive stressful sport, as all professional sports are.

Earl doesn't act like he does for no reason and people like Wade Crane don't leave a convention center after a loss and smash their cue and case around a poll because it is fun. It is one F''en tough way to make a living. Jim Kiick used to hang in a bar near my house and I once asked him to autograph his book for me. He told me to throw it in the garbage it was all lies anyway. Pro sports is not the dream that most fans think. Pool can be fun, you enter a tournament get yourself up for it and do the best you can, but that is it. The IPT requires such a commitment on behalf of the player that except for the very top players, I think most will suffer both financially as well as emotionally. Pro sports is best left to the pros and too many on that list are not pros and are possibly being sold a bill of goods.

 

[Tbeaux]

The IPT requires such a commitment on behalf of the player that except for the very top players, I think most will suffer both financially as well as emotionally. Pro sports is best left to the pros and too many on that list are not pros and are possibly being sold a bill of goods.

They're adults(with the exception of Austin Murphy). They know 50 will be dropped at the end of the season. The people you refer to will undoubtably fall into that group, but they will have had one season to live their dream. What I'd like to know from Linda and Colin is if the HOFers are also subject to being dropped?

Terry

 

[jjinfla]

You're cold MacGuy - just like the frog.
I'm sure many of the so called weaker players will do okay.

Sigel and Varner lost and I doubt they went outside and smashed their cues. You're thinking of the old days when there was no pay, or a very small one, when you lost.

The real definition of a professional sport player is one who gets paid for performing. So the lucky people who are in the IPT will be true professionals in that they will be paid for performing. Of course the better ones will be paid more. But isn't that true in all the sports right now. The better ones command a higher salary.

I suspect that by the end of 2007 there will be some really great players in the IPT - most likely all of them. And they all will be earning a pretty penny. And most likely by then they will lower the number who get cut off at the end of the year.

Once royalties start rolling in I seriously doubt if you will be seeing the pros play in anything but the IPT. No more giving away their performances for free. Sorta stupid to play in a tournament for a few thousand with the chance of being mugged or having a wreck on the way there.

Jake

 

[macguy]

You're cold MacGuy - just like the frog.
I'm sure many of the so called weaker players will do okay.

Round robin pool against top players is tough, some's best hope will be not to embarrass themselves but it will become evident pretty quick which players are a joke and don't belong. I see at least a few drop outs and at some point as they are weeded out it will be a real pro tour, but if they picked real pros to start with it would have been better. They would have been better off to have done it through a lottery system with the most qualified players in the world put in a the hat to start and picked the first 150. Have a big publicized public drawing with a lot of fanfare live on TV to kick it off and draw the first roster of players for the new multi-million dollar IPT tour. They would have gotten world wide coverage. Instead they do most their publicity through an Internet forum, go figure.

 

[jjinfla]

Perhaps you should send in your resume to KT and apply for a job with him you seem to have all the answers. I'm sure he could use a man like you in his organization.

Poor KT. He was planning the IPT for 5 years before he set it in motion and he still can't please everyone.

But then, when you are running the show, with your own money, I suppose the only one you have to please is yourself, and everyone else can go pound sand.

 

[macguy]

Perhaps you should send in your resume to KT and apply for a job with him you seem to have all the answers. I'm sure he could use a man like you in his organization.

Poor KT. He was planning the IPT for 5 years before he set it in motion and he still can't please everyone.

But then, when you are running the show, with your own money, I suppose the only one you have to please is yourself, and everyone else can go pound sand.

You can't be objectively honest can you? If this thing has been carefully planed for 5 years it sure looks like they are making it up as they go along, it wasn't much of a plan and yes, my lottery idea to pick the players (and I am sure there are others) is "WAY" better then what they did and would have given them a better kick off and a better field of players.

 

[jjinfla]

You can't be objectively honest can you? If this thing has been carefully planed for 5 years it sure looks like they are making it up as they go along, it wasn't much of a plan and yes, my lottery idea to pick the players (and I am sure there are others) is "WAY" better then what they did and would have given them a better kick off and a better field of players.

Five years in the planning shows that he didn't just willy-nilly jump into it.

But I am agreeing with you - you have something to offer - why not send in a resume to KT and apply for a consulting job? Unless you do that they will never know your ideas. And telling us your ideas is senseless since we have no input to KT either.

And if you are on his team then you might be given reasons behind his decisions. Why he decided to do something one way or the other. Until then you are just spitting in the wind.

Jake

 

[JAM]

Five years in the planning shows that he didn't just willy-nilly jump into it.

But I am agreeing with you - you have something to offer - why not send in a resume to KT and apply for a consulting job? Unless you do that they will never know your ideas. And telling us your ideas is senseless since we have no input to KT either.

And if you are on his team then you might be given reasons behind his decisions. Why he decided to do something one way or the other. Until then you are just spitting in the wind.

Good point, JJinFLA! BTW, for those who think they have something to offer the IPT, check out the link below. There is an opening for an "Event Planner," offering $100,000 a year plus bonuses: http://internationalpooltour.com/ipt_content/careers/default.asp

JAM

 

[jjinfla]

Good point, JJinFLA! BTW, for those who think they have something to offer the IPT, check out the link below. There is an opening for an "Event Planner," offering $100,000 a year plus bonuses: http://internationalpooltour.com/ipt_content/careers/default.asp

JAM

Well now, isn't that something. It is refreshing to see how well it is written and thought out. And no typos. Very professional. I like the first sentence: "We pay the best. But you must be the best..." In a couple positions.

I can think of a few tour directors who could be seriously considering applying.

I looked high and low but didn't see an opening for "rack boy".

Jake