I received an email from the IPT today that revealed the format of the tourament as well as the payouts.
I can honestly say that the payouts look very, very nice!
Intenational Pool Tour
IPT™ Announcement October 7, 2005
King of the hill invitational format and prize money distribution
(Chicago, IL) The International Pool Tour announces the format and prize money distribution for the “King of the Hill” Invitational event November 30 through December 4th, 2005.
All rounds will be Round Robin with the exception of the final match for the “King of the Hill” title. All matches will be a single race to nine except for the King of the Hill match which is a Best of Three series of races to nine. The winning order in each round robin group is determined by wins versus losses. Ties in wins and losses for player positions are broken using the following methodologies: Games Lost Index*; if still tied then the Number of Break-and-Run-Outs in that round of play; if still tied the Number of Eight Balls Made on Break in that round of play. More detailed rules will be available on the internationalpooltour.com web site.
Day 1- LEVEL A
30 Players start the tournament playing in five groups of six players each. The top three players from each group advance to the next level. Players who lose in the first round will be paid $6,200 each for their participation.
Day 2- LEVEL B
The 15 players who advanced from level A play in three groups of five players each. Two players from each group advance to the next level. Players in Level B who do not advance to the next level earn $13,000 each.
Day 3- LEVEL C- Hall of Fame Round
The six players who advanced from Level B are placed into three groups, each group having four Hall of Fame members. Two players from each group will advance to the next round. Players in Level C who do not advance to the next level earn $20,000 each ($30k if Hall of Fame member)
Day 4- LEVEL D- Final Round Robin
The final six players compete, and the winner of the round will play the current King of the Hill, Mike Sigel, in the final match.
Day 5- King of the Hill Finals
The prize fund is an unprecidented $1,000,000. The prize money break-down for the top seven spots are as follows:
King of the Hill Champion -
$200,000
Second Place- $100,000
Third Place - $ 70,000
Fourth Place - $ 60,000
Fifth Place - $ 50,000
Sixth Place - $ 40,000
Seventh Place - $ 30,000
* The Games Lost Index (GLI) is the average number of games lost per match by a player in a tournament. Another way to think of it is the average number of games per match a player’s opponents wins against that player in a tournament. For example, a player who plays five matches (winning three) with scores of 9/3, 9/4, 9/4, 6/9. 7/9 will have a GLI of 5.8. Here is the calculation: [3+4+4+9+9] / 5, or 29 / 5= 5.8. The index will be calculated to three decimal places.
I can honestly say that the payouts look very, very nice!
Intenational Pool Tour
IPT™ Announcement October 7, 2005
King of the hill invitational format and prize money distribution
(Chicago, IL) The International Pool Tour announces the format and prize money distribution for the “King of the Hill” Invitational event November 30 through December 4th, 2005.
All rounds will be Round Robin with the exception of the final match for the “King of the Hill” title. All matches will be a single race to nine except for the King of the Hill match which is a Best of Three series of races to nine. The winning order in each round robin group is determined by wins versus losses. Ties in wins and losses for player positions are broken using the following methodologies: Games Lost Index*; if still tied then the Number of Break-and-Run-Outs in that round of play; if still tied the Number of Eight Balls Made on Break in that round of play. More detailed rules will be available on the internationalpooltour.com web site.
Day 1- LEVEL A
30 Players start the tournament playing in five groups of six players each. The top three players from each group advance to the next level. Players who lose in the first round will be paid $6,200 each for their participation.
Day 2- LEVEL B
The 15 players who advanced from level A play in three groups of five players each. Two players from each group advance to the next level. Players in Level B who do not advance to the next level earn $13,000 each.
Day 3- LEVEL C- Hall of Fame Round
The six players who advanced from Level B are placed into three groups, each group having four Hall of Fame members. Two players from each group will advance to the next round. Players in Level C who do not advance to the next level earn $20,000 each ($30k if Hall of Fame member)
Day 4- LEVEL D- Final Round Robin
The final six players compete, and the winner of the round will play the current King of the Hill, Mike Sigel, in the final match.
Day 5- King of the Hill Finals
The prize fund is an unprecidented $1,000,000. The prize money break-down for the top seven spots are as follows:
King of the Hill Champion -
$200,000
Second Place- $100,000
Third Place - $ 70,000
Fourth Place - $ 60,000
Fifth Place - $ 50,000
Sixth Place - $ 40,000
Seventh Place - $ 30,000
* The Games Lost Index (GLI) is the average number of games lost per match by a player in a tournament. Another way to think of it is the average number of games per match a player’s opponents wins against that player in a tournament. For example, a player who plays five matches (winning three) with scores of 9/3, 9/4, 9/4, 6/9. 7/9 will have a GLI of 5.8. Here is the calculation: [3+4+4+9+9] / 5, or 29 / 5= 5.8. The index will be calculated to three decimal places.
