Kevin Trudeau Quote

[jjinfla]

Here is a quote from Kevin Trudeau that appeared on BD:

Just think," Trudeau said after the match. "Mike Sigel just earned the biggest single payday in the history of the sport, and it will be the smallest first prize in IPT events!"

That sure says a lot.

Someone is going to get a very nice Christmas present when they win the IPT event at the Convention Center in Orlando.

I was told that there were 662 in attendance in Vegas. I wonder how many will attend in Orlando.

Jake

 

[Snapshot9]

I would say

A 50-60% percent increase, considering the quality
of players competing.

 

[Al-fahl Amir]

What about the $165,000 Efren won in the Japan tournament for 1st.

 

[Colin Colenso]

What about the $165,000 Efren won in the Japan tournament for 1st.

If he meant 8-ball then he's right I guess.

btw: I sat with Mike Sigel on the way to the airport after that IBC Tokyo 9-Ball event. He played but didn't get far.

 

[shoutout33]

What about the $165,000 Efren won in the Japan tournament for 1st.

Point well taken, but what did everybody else get? See, this is what I like about the IPT. Even if you don't win 1st, you can still make some decent money. Although Mike got $150,000 for first place, LJJ received $75,000 for her efforts. How much did the runner up get in this Japan tourney?

 

[chefjeff]

Point well taken, but what did everybody else get? See, this is what I like about the IPT. Even if you don't win 1st, you can still make some decent money. Although Mike got $150,000 for first place, LJJ received $75,000 for her efforts. How much did the runner up get in this Japan tourney?

Those are the gross figures...how much did each govt. take?

Jeff Livingston

 

[macguy]

Those are the gross figures...how much did each govt. take?

Jeff Livingston

Since it was a self promoted thing and everyone was involved they could have just as easily said he won a million dollars. Years ago a start up organization had a tournament in Atlantic City and for the first tournament advertised a big prize fund. It actually didn't exist but they wanted to get attention and money will do that. They were really playing for a piece of the gate. I remember seeing, I think it was Rempy standing there with a big cardboard check for like $15,000 or $20,000 when in reality he got paid like $1200. I guess they weren't doing anything wrong since everyone was in on it and no one was being cheated. If Sigel actually got $150,00 for this exhibition I would be totally shocked.

 

[chefjeff]

Since it was a self promoted thing and everyone was involved they could have just as easily said he won a million dollars. Years ago a start up organization had a tournament in Atlantic City and for the first tournament advertised a big prize fund. It actually didn't exist but they wanted to get attention and money will do that. They were really playing for a piece of the gate. I remember seeing, I think it was Rempy standing there with a big cardboard check for like $15,000 or $20,000 when in reality he got paid like $1200. I guess they weren't doing anything wrong since everyone was in on it and no one was being cheated. If Sigel actually got $150,00 for this exhibition I would be totally shocked.

Someone said they poured the cash payout for Mike onto the table. I was thinking that one of the 600 in attendance was surely someone from the IRS and they got theirs as they always do for the big payouts at the casinos.

This could put Mike into the awkward position of having to pay the Alternative Minimum Tax, which is a killer. The AMT was created in the 60's if memory serves me when it was disclosed that John Wayne and others paid no income tax after writeoffs. It prevents you from writing off expenses as easily.

If you make $10 grand, it's alot easier to reduce that tax burden with expenses, but $150 grand? (Still better than $10 grand, of course)

Jeff Livingston

 

[beetle]

Point well taken, but what did everybody else get? See, this is what I like about the IPT. Even if you don't win 1st, you can still make some decent money. Although Mike got $150,000 for first place, LJJ received $75,000 for her efforts. How much did the runner up get in this Japan tourney?

Neils took second, and over $65,000.
--Steve

 

[Colin Colenso]

Still nothing in the mainstream press about the event (via Google news search)!

But here is the IPT's Press Release:

For immediate release:

SIGEL WINS IPT WORLD 8-BALL CHAMPIONSHIP
Legendary Player Sweeps Loree Jon Jones in Straight Sets & Wins Biggest Prize Money in Pool History

Las Vegas, NV August 20, 2005: Mike Sigel, considered by many the world's greatest living pool player, has officially been crowned the International Pool Tour's World 8-Ball Champion after sweeping Loree Jon Jones in straight sets in front of a star-studded, standing room only crowd at Mandalay Bay in Las Vegas. Sigel won 9-2 and 9-2 and was immediately presented with the richest prize in pool history--$150,000 in cash. Jones, a Hall of Fame player, was awarded a check for $75,000.

Sigel, a 9-time world champion and Hall of Famer, dazzled the crowd with brilliant shot-making and played nearly flawless pool throughout the match. Jones made several uncharacteristic mistakes early in the first set and never seriously challenged Sigel. Jones showed glimpses of her greatness throughout both sets but Sigel's powerful break, and shot-making genius, kept the pressure on her throughout the match. Many in the overflow crowd compared Sigel's performance to watching Sandy Koufax pitch a perfect game or to Michael Jordan in the NBA Finals.

The event had all the trappings and drama of a historic sporting event or a world heavyweight championship fight. In addition to the celebrity audience "pool-side", which included boxing champion Tommy Hearns, hip-hop music legends DMX and DMC, and top cast members from "The Sopranos," "West Wing" and other luminaries, the match was attended by a number of pool's greatest living players, including Jim Rempe, Lou Butera and Nick Varner.

"I think Loree Jon and I were both nervous at the start but I did what I said I would do, " said Sigel. "My break was a big factor and I kept the pressure on her throughout the match. I also capitalized on her mistakes." Asked what this event would mean to pool, he responded "This was the greatest thing ever to happen to pool" said Sigel. "For the first time ever, pool is being seen as a real sport-with real money. It's certainly the greatest victory of my career."

Jones, while disappointed with the outcome, also spoke highly of what the match meant to pool as a sport. "This was like a dream for me," she said. "The top pool players in the world have never been treated like this-as real athletes and real personalities. It felt like a Super Bowl event. I don't think I was prepared for how huge this was going to be."

The International Pool Tour (IPT) was founded by media mogul Kevin Trudeau, who presented both players with the largest-ever cash prizes in pool. "This is the start of a new era for pool, not just for the IPT but for the sport in general" said Trudeau. "This match, with all its drama and excitement, is just the beginning of what the IPT is going to mean to the sport , its fans and players."

The historic showdown between Sigel and Jones will be shown on prime-time television, and throughout the world, in September. The next major IPT event will be the "King of the Hill Invitational 8-Ball shootout November 30-December 4th at the Orlando Convention Center. Prize money will be a guaranteed $1 million.

 

[Johnson]

Still nothing in the mainstream press about the event (via Google news search)!

i noticed this as well and wondered if anyone else did, i remember searching wu's name a few days after the wpc and nothing popped up cept for maybe some pool sites, same as this match up, with all their supposed connections would of thought the ipt would of got some exposure, i think they really butcher pool by not showing it live, but i guess since pools not in any mainstream media for the most part no one knows when they played, or who won/lost
________

 

[macguy]

Still nothing in the mainstream press about the event (via Google news search)!

But here is the IPT's Press Release:

For immediate release:

SIGEL WINS IPT WORLD 8-BALL CHAMPIONSHIP
Legendary Player Sweeps Loree Jon Jones in Straight Sets & Wins Biggest Prize Money in Pool History

Las Vegas, NV August 20, 2005: Mike Sigel, considered by many the world's greatest living pool player, has officially been crowned the International Pool Tour's World 8-Ball Champion after sweeping Loree Jon Jones in straight sets in front of a star-studded, standing room only crowd at Mandalay Bay in Las Vegas. Sigel won 9-2 and 9-2 and was immediately presented with the richest prize in pool history--$150,000 in cash. Jones, a Hall of Fame player, was awarded a check for $75,000.

Sigel, a 9-time world champion and Hall of Famer, dazzled the crowd with brilliant shot-making and played nearly flawless pool throughout the match. Jones made several uncharacteristic mistakes early in the first set and never seriously challenged Sigel. Jones showed glimpses of her greatness throughout both sets but Sigel's powerful break, and shot-making genius, kept the pressure on her throughout the match. Many in the overflow crowd compared Sigel's performance to watching Sandy Koufax pitch a perfect game or to Michael Jordan in the NBA Finals.

The event had all the trappings and drama of a historic sporting event or a world heavyweight championship fight. In addition to the celebrity audience "pool-side", which included boxing champion Tommy Hearns, hip-hop music legends DMX and DMC, and top cast members from "The Sopranos," "West Wing" and other luminaries, the match was attended by a number of pool's greatest living players, including Jim Rempe, Lou Butera and Nick Varner.

"I think Loree Jon and I were both nervous at the start but I did what I said I would do, " said Sigel. "My break was a big factor and I kept the pressure on her throughout the match. I also capitalized on her mistakes." Asked what this event would mean to pool, he responded "This was the greatest thing ever to happen to pool" said Sigel. "For the first time ever, pool is being seen as a real sport-with real money. It's certainly the greatest victory of my career."

Jones, while disappointed with the outcome, also spoke highly of what the match meant to pool as a sport. "This was like a dream for me," she said. "The top pool players in the world have never been treated like this-as real athletes and real personalities. It felt like a Super Bowl event. I don't think I was prepared for how huge this was going to be."

The International Pool Tour (IPT) was founded by media mogul Kevin Trudeau, who presented both players with the largest-ever cash prizes in pool. "This is the start of a new era for pool, not just for the IPT but for the sport in general" said Trudeau. "This match, with all its drama and excitement, is just the beginning of what the IPT is going to mean to the sport , its fans and players."

The historic showdown between Sigel and Jones will be shown on prime-time television, and throughout the world, in September. The next major IPT event will be the "King of the Hill Invitational 8-Ball shootout November 30-December 4th at the Orlando Convention Center. Prize money will be a guaranteed $1 million.

News people see this stuff every day and toss it in the trash and KT should have known that. It is more editorialized advertising then a real press release and would never get published, the media expect to get paid for that kind of stuff. I must say KT's name on the release was almost a guaranteed it would be toss. From what I read that press release was an out and out mistake the way it was done. The whole impact of the event, if there ever was any, has been lost, now What? Maybe LJ should have whacked Mike in the head with a cue when it was over, at least it would have gotten on the news.

 

[T411]

Still nothing in the mainstream press about the event (via Google news search)!

I really do not expect there to be anything in the mainstream press; pool is not mainstream. It's going to take more than one tournament to get it there.

 

[Colin Colenso]

Point well taken, but what did everybody else get? See, this is what I like about the IPT. Even if you don't win 1st, you can still make some decent money. Although Mike got $150,000 for first place, LJJ received $75,000 for her efforts. How much did the runner up get in this Japan tourney?

The Tokyo event was US$800,000 total prizemoney. I think it cost about $200 to enter...but a lot more for most of us to get there.

Prize breakdown was something like this from memory.
1st 160,000
2nd 64,000
3&4 32,000
5-8 16,000
9-16 8,000
17-32 4,000
33-64 2,000
54-128 1,000

1st day was double elimination for non-ranked players to get the top 96. 32 seeds went straight into the 128.

About 250 tried out for those 96 spots.

I set my alarm wrong and missed by bus and the first round. Without a shower I raced via subway - god knows how I found the place - but just in time for my match in the losers.

Got off to a bad start in a race to 11 and was 8-3 down before I got into stroke and pegged back to 10-10 but lost the last to the Japanese who made it to the last 64. I used a 3 week old cue I bought for US$12 straight off the rack of a Shanghai Pool Hall. I'd only ever played in about 10 9-ball events in my life, the others were like $200 prizemoney back in Australia which I'd played using my snooker cue.

Anyway, I was mostly there for the experience and was very happy that my room mate Johl Younger made the last 8, beating Johnny Archer and narrowly losing to Neils Feijin. Another Aussie buddy Emile Rierra knocked off a talkative Earl Strickland on the TV table 13-10 (I think) to make the last 32.

The IBC that ran and funded the event never got the sponsorships or broadcasting sales they were after and so the prizemoney never came near those heights again.

 

[Colin Colenso]

News people see this stuff every day and toss it in the trash and KT should have known that. It is more editorialized advertising then a real press release and would never get published, the media expect to get paid for that kind of stuff. I must say KT's name on the release was almost a guaranteed it would be toss. From what I read that press release was an out and out mistake the way it was done. The whole impact of the event, if there ever was any, has been lost, now What? Maybe LJ should have whacked Mike in the head with a cue when it was over, at least it would have gotten on the news.

It will depend on his PR skills from here I think.

Last year I ran an event that got 30 TV news reports, 60 newspaper reports and over 200 Internet news reports. Most paid for. But once it starts getting in the major media, other outlets follow it up and use it.

He may have to place a few adds with some major media to start the ball rolling. Perhaps he's shooting for highlight rolls for TV news broadcast. I'm not so sure how that works in the us, but I'm sure there are ways.

A few weeks ago I was involved with a skateboard ramp jump over the great wall of China. I'm told it has received extensive TV news coverage worldwide valued at over US$4mill in terms of exposure. This was arranged by a professional media company.

So I guess, that in the right hands, the info will get out there.

 

[T411]

QUOTE=macguy] I must say KT's name on the release was almost a guaranteed it would be toss. From what I read that press release was an out and out mistake the way it was done. The whole impact of the event, if there ever was any, has been lost, now What? Maybe LJ should have whacked Mike in the head with a cue when it was over, at least it would have gotten on the news.[/QUOTE]

Kt’s name on it has nothing to do with no mainstream media in my opinion; it has more to do with pool not being in the mainstream. At this point most people do not care. The whole impact of the event lost? Whatever, KT in my opinion used the event to bring attention to the IPT and show that he is willing to put real prize money up; and that he did.

 

[macguy]

QUOTE=macguy] I must say KT's name on the release was almost a guaranteed it would be toss. From what I read that press release was an out and out mistake the way it was done. The whole impact of the event, if there ever was any, has been lost, now What? Maybe LJ should have whacked Mike in the head with a cue when it was over, at least it would have gotten on the news.

Kt’s name on it has nothing to do with no mainstream media in my opinion; it has more to do with pool not being in the mainstream. At this point most people do not care. The whole impact of the event lost? Whatever, KT in my opinion used the event to bring attention to the IBT and show that he is willing to put real prize money up; and that he did.[/QUOTE]

I don't know, who's attention did he get outside of the very small subculture of the pool world? I do believe if it is an attempt for pool to go main stream his name is a liability. If he wants to be in the background that would be fine but you need someone out front with some creditability, it is an up hill battle at best and why hamstring yourself before you have even started. Again, you would think he would know that and have put someone else out front.

 

[Colin Colenso]

By the look of this, there should be some media. Maybe he had more magazine types there.

 

[henho]

I still can't understand why they picked Mike Sigel and Lori Jon Jones. Neither has that much to do with the modern pool tournament scene anymore. This was definitely a way to get attention for the new tour by getting two charasmatic people to duke out a battle of the sexes, but it doesnt do much for pro competition. The real test of the tour's success will be if and when all the top pros take part.

 

[T411]

At this point the very small subculture of the pool world is all that I think he expects to reach. If it happens to be any more at this point cool, but I do think he knows where he is at and is happy with whom he is reaching right now. I think he realizes this is not going to happen over night. If he has a good product and I think pool can be (hell poker, and bowling are), I do not believe his name will be any type of liability. All it takes is a good product. As fare as credibility goes, he put $225,000 up already; that’s credibility to me.