Player auction question.........Opinions!!!

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00WorldBeater00

Registered
I was in a tournament recently. It was a large tournament and there was a calcutta with a lot of money in the pot. Well I bought some players in the auction and also a friend of mine that was with me that didnt play had also bought a very strong player. It was an awesome weekend!

After the event I had found out that the tournament director has taken out 5% of the calcutta. When I heard this I was appauled! I can't believe they would do that being it was an auction. I dont think it is right to take money out of an auction especially when people like my friend that was not even playing in the event and just came to buy up players.

Do you think this is right?

Let me know your opinions!
 
As long as it is disclosed,, I have no prob with it. How did you find out?

And I think 5% is a pretty fair administrative charge, for dealing with you mofos , anyways.;)
 
00WorldBeater00 said:
I was in a tournament recently. It was a large tournament and there was a calcutta with a lot of money in the pot. Well I bought some players in the auction and also a friend of mine that was with me that didnt play had also bought a very strong player. It was an awesome weekend!

After the event I had found out that the tournament director has taken out 5% of the calcutta. When I heard this I was appauled! I can't believe they would do that being it was an auction. I dont think it is right to take money out of an auction especially when people like my friend that was not even playing in the event and just came to buy up players.

Do you think this is right?

Let me know your opinions!
Click to expand...

You know what a pain in the ass the auction part is as well as the collecting and disbursing the money part? The guy is a Prince if he is only charging 5% imo
 
There is nothing wrong with it as long as it was disclosed before hand and legal in your area to take a percentage of the pot. Next time, you should offer to run the auction for free if you are that against taking a rake for running it.
 
It takes a lot of work to run a tournament. If there not any compensation why would anyone want to do it. But on the other hand it is important that things such as this
are disclosed.
 
As long as it is mentioned before hand. Five percent is kind of low, I normally see it 10-15%.
 
Same thing with people complaining about greens fees at a tournamet. 10% is very standard for a Calcutta, it is a lot of time, work, and dealing with money and records to deal with
 
I've run a tour, it went for 3 years. I had to stop it last year due to my work schedule. We averaged 75 players, we never took 1 penny from the auction. However, I ran 2 bigger events, they took 3/4 days each, we did tell everyone 5% was being taken. No one complained because we didn't have a green fee or registration fee to make 1 cent, because it was bar tables.

Normally I see most taking a min. 10% some do 15%. I prefer zero myself but when it takes 3 months to get off the kind of tourney we did you have to be compensated a little. The Calcutta brought in 28k, second Calcutta 9k, so a total of 37k. That was for the main event only. We also ran a banks, one pocket, women's, and seniors, we had no Calcutta in those 4 events. So for running the 5 events over 4 days we made a total of $1,850. Obviously I'm not running these for a living.

Before you say that's great pay for 4 days, we worked on this thing 3 months out, put a lot of hours into promoting it at other events, which cost time, gas, hotel, food, etc. So it was break even or a losing deal.

F.Y.I, no one complained about it because we explained all that up front. We had full 128 in the 9 ball event, full 32 in the one day seniors event, 28 of possible 32 in the women's event, full 16 in banks invitational, and full 16 in one pocket invitational. A lot of work for peanuts. But I like to do those types of events to see how many players we can get there to play, that's what's fun. :)
 
Pretty common practice, I believe. Should make the bidders aware before beginning, though.
 
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