Check out the website links for more info, Joel!
joel2me said:
We are not given enough time on this project to get into all the ins and outs of how every detail surrounding the sport operates. The name of the class is "The Economics of Sports." Our assignment for the class is to explain how the current business model of the sport generally leads to revenues and for whom and by whom.
Revenues are derived from pool-related sponsors; industry members, if you will. League organizations make money because of the masses of pool player members. The BCA makes money because its membership is print media and industry members. BCA website:
http://www.bca-pool.com
99 percent of "pro players" pay their own travel expenses, entry fees, and associated expenses. When you attend a pool tournament with $20,000 added, which by the way is the NORM for tournament purses, that lasts 5, 6, and 7 days long, you have to come in fourth place to break even in most instances. Entry fees range from $100 to $500, depending on the event. $20,000 added means in addition to the collection of tournament entry fees. Then they slice the money up to the top 25 or 33-1/3 percent.
The expenses of attending pool tournaments far outweigh the tournament payouts. Most aspiring players who desire to go pro end up leaving the sport because they cannot make ends meet and want a different lifestyle.
joel2me said:
It is then our job to be creative and come up with a way in which to improve or change that business model in a way we feel would lead to better revenues. The place we need the biggest help in is determining where the money is now.
Currently, it is the organizations which seem to derive the most financial gain, and those running the organizations.
joel2me said:
From our basic knowledge their doesn't appear to be a Major League of Billiards like in baseball.
There is a BCA Hall of Fame. The candidates are selected by industry members. The BCA members, consisting of print media and industry members, then votes for the most qualified AND who will serve the BCA best (IMO). Legends of the game are often overlooked because these pool players won't bring financial gain to the membership of the BCA. The BCA's mission is to advance the sport. They've been around for quite a long time. Check out their website and there is lots of helpful info about the history of pool and what they are trying to do to get it out of the dark ages.
joel2me said:
So who determines who is a pro and who isn't?
For the women's pro organization, the WPBA, there is a qualifying and ranking system which is available for full disclosure to its members. The lady pros have to compete and climb the ladder to be called a "pro player." WPBA website:
http://www.wpba.com
For the pro men's organization, the UPA, an aspiring player can pay 100 bucks and be labeled a "UPA touring pro." UPA website:
http://www.upa.com
joel2me said:
Who says one league is more legit than another?
As of late, the leagues are plentiful. I'm not familiar with all the acronyms, but here's a few: BCA League, TAP, and APA. I'm sure I've missed a couple. There are strong feelings about one league being better than the other. The way I see it, if I wanted to play pool recreationally speaking, I'm going to join the league nearest to my home. Leagues are fun, and this is where the MAJORITY of pool players play. BCA League website:
http://www.bcaleague.com TAP website:
http://www.tapleague.com APA website:
http://www.poolplayers.com
joel2me said:
Is money from sponsors the main source of prize money?
Absolutely yes. There is very little outside monies. However, the World Summit of Pool held in Grand Central Station last year did get Amberbock to sponsor this event.
joel2me said:
Is anyone salaried as a pro?
Earl Strickland and Allison Fisher are sponsored by Cuetec, a BIG industry member. Johnny Archer is sponsored by Olhausen, which is one of the GIANTS in the pool industry. They have individual arrangements with their sponsors which enable them to enjoy a fairly decent wage and lifestyle.
I heard it through the grapevine that Olhausen was going to go public with its stock, but then did not. They seem to be a VERY BIG SPONSOR at high-profile events. Olhausen does everything first class in the events I have witnessed. Very, very nice sponsor to players and tournament promoters alike. Mueller Recreational Products is another pool-related sponsor, very loyal to the sport (IMO). Diamond Tables is very popular. I see Diamond tables at the majority of tournaments I attend, and I go to quite a few.
I have to reserve comment about Brunswick because of personal reasons, but they're probably the OLDEST pool industry member. Sardo Rack is another loyal and dedicated sponsor. Then you've got Simonis cloth, whose name appears on every TV event, Aramith balls (another biggie).
As you may have noticed, these are ALL pool-related sponsors. Out of all of the above, I happen to like Olhausen the BEST.
For pool players, pros and aspiring pros, most do actually pay their own way. They are not salaried. The lifestyle is such that many do have full-time jobs to support their interest in pool. Because of the financial hardships endured by most, these unsalaried pro pool players end up leaving the sport for good. The existing lot of "professional" players is truly diminishing.
Ironically, pool isn't a big money-maker in Europe either. AND many lady aspiring pro players come to the States to live out their dreams because the opoprtunities for women overseas isn't as prevalent as it is for the men. Snooker, on the other hand, that might have been a better pick for your study, Joel! Snooker is a money-maker, at least that's what I've been reading.
Philippines' number-one celebrity is Efren Reyes, a professional pool player. He was recently inducted into the Billiard Congress of America's Hall of Fame. Pool is very popular in the Philippines, shown on TV live in many instances.
Accu-Stats and Billiard Club Network provide recording services to the industry. If you were to speak to these entities, they may be able to provide further insight that may be helpful to your study.
joel2me said:
Those are the type of questions we are looking for answers for in order to determine a business model for billiards. With knowledge of the way things work in billiards, we will hopefully be able to come up with new marketing techniques, or improve some aspect of the way things currently work.
I am hoping to hear more about this project, Joel2me, as it develops. Maybe a look at the industry from the outside looking in may be the ticket. Your study will be objective and may come up with some GREAT ideas. Good luck.
JAM