Gabber said:
For
" A TOUR CARD guarantees entry into ALL IPT events as well as the fabled $100,000 earnings guarantee."
LOL. Exactly. 'THE FABLED'. LOL
If they refuse to pay out $2,000 checks after 9 months of boasting about Real Rules and Real Money, how do you think they will be about handing out $100,000 checks?
The $100,000 is not a check at the end of the year, it is an earnings guarantee. If you win more than $100,000 in prize money - you get nothing extra. If you win less than $100,000 or your winnings and other "IPT related income" are less than $100,000, KT said he would cut them a check for the difference. He guaranteed that an IPT tour card holder would make $100,000 in income FOR 2007. Note, there's no pay date guarantee, but we can assume it would be after the 2007 season is complete.
Guarantee? KT's whole history shows that he cannot be trusted.
Well, yeah, he's not the most ethical person ever. He's one of the most successful snakeoil salesman of all time. However, he has spent millions of dolllars already, and has paid out massive prize money in pool - the likes of which has never been seen before. It doesn't appear that he's going to rip off anyone.
I too am skeptical about the $100,000 guarantee. We won't find out until probably December of 2007 when the 2007 season is over and when some tour card holders do not make winnings equally $100,000 or more, or other "IPT related income"...
Here we have the FIRST tourny and the draw is fixed [ at the very least it was done in secret and a very easy draw was provided for the ipt frontman!
So what!?! They never made any guarantees that I know of that the draw was going to be produced in any specific way. They never made promises about the draw that I know of, so they haven't gone back on their word. Even with the fixed draw, the best still rose to the top and no one complained. Seeding Sigel in with a relatively easy group didn't help him much but to advance him one lousy round.
KT goes back on his word to pay after every round and everyone [ players] are too scared to object!
Give us a break with that already. No players that I know of or spoke with have complained about it. Maybe you know a player or two you'd like to share with us who was angry because they didn't get paid in time to handle the excruciating financial burden of attending an IPT tournament.
If I go to a tourny at considerable expense expecting to be paid MY prizemoney at an agreed time and they turn round and change that agreemenT [ because thats what it is!] I WOULDN'T BE TOO PLEASED!
1] You're not going to be in an IPT tournament, so don't sweat it.
2] There was no "agreement" whatsoever about payday. KT said one thing back then, he changed it later on. But he DID give notice. He told them at the players meeting. Do you know what that means? That means if you got eliminated day 1, you KNOW in advance (players meeting) to LEAVE so that you don't incur uneccessary hotel expenses. WOW. What a concept! They'll mail you the check. If you're so concerned about players getting ripped off, ask them why they hung around for?
3] The IPT isn't that special when it comes to expenses. Yes, the Venetian is more expensive than other tournaments of the past, but the difference isn't anything to freak out over. The players already pay a lot of money in travel, lodging and dining to go to the US Open to play for $40,000 first place. It's not like the players don't have any credit or means to get to a tourney to the point that they need the check that second or the hotel will call the cops. If that were the case, most of these guys wouldn't even travel to any tournament - but they do. They go to dozens of tournaments that don't even pay back what they spend to get there, at least the IPT does and you even profit for losing.
If we want to convince the world that Pool is a real sport, we have to do better than this!
Oh yes indeed. I'm prepared like you are to throw the baby out with the bathwater. This is just unacceptable. These blunders will totally sink the IPT. KT better improve his management skills because he will anger too many fans like Gabber.