Back in 1987 the Peter Vitalie Invitational 9-Ball format was Two Out of Three Sets, each set a Race to Seven. It was a Single Elimination tournament as well, starting with 64 players (four women in the field). We played winner breaks. It was to be a prototype for a pro tour, which unfortunately never got off the ground. The matches were very interesting with many going to a third set. The fans loved it, and the players also seemed to like the format. They got a lot of play for their money, and a loss in the first set (even 7-0 or 7-1) could be overcome. Every round the prize money went up starting with 750 if you won one match. The losing finalist got 7,500 and the champion won 15,000. Good prize money back then.
We played the tournament in the Biltmore Hotel in downtown L.A. in a large meeting room called the Biltmore Bowl. It was a semi circle shaped room with comfortable built in seating for 1,500. All good seats with an elevation gain from the front to the back. Every morning there was a line from the ticket office down the long hallway and up the curving staircase with people waiting to get in. Maybe a few hundred in line before we opened each day. Tickets were $10 for the day and night sessions. We played five days with nine "gates." Two each day until the final day with only one entrance for the semis and finals. Price went up to $20 on the last day. We sold over a thousand tickets each of the first two days, and over 2,000 a day on Friday and Saturday and 1,000 more on Sunday (it was one gate only). You do the math!
The entry fee was 500 each for 32,000 and we added 32,000 for a 64K purse. The overall expenses to produce the tournament were about 60K. We actually turned a small profit and I was paid $2,500 as TD, my biggest pay check to date. There were maybe ten or twelve vendors outside who each paid 500 for their booth and we garnered over 25K in sponsorship. The Peter Vitalie pool tables (eight of them) were each sold for 3K, plus arena banners went for 500 each. I produced a souvenir program and sold about 5,000 in Ads. The programs sold for $2 each and we sold maybe 500 of them. We printed 2,000 programs and lost money there. This was the event that taught me that a pool tournament could be profitable if done right. The ballroom cost us 1,500 a day! And the hotel owned the bar and food sold there.
Everybody (with a few exceptions!) had a good time and left happy. Miz won about 2,000 and said he couldn't even pay his expenses. Of course he stayed at the Biltmore Hotel (100/day for a week) and ate in their restaurants every day. Ah, memories
