Schedule Announced!

[TheOne]

Well there's actually 5 qualifiers for 2006, so that's about 450k revenue.

Still a long way to go to see if so many entrants can be attracted for all the other qualifiers...or if the 2007 Qualifiers will be 1k or 2k entry. But who knows how many could enter after the KOH goes to air. There could be many hundreds of mad gamblers entering these qualifiers...or maybe a very comprehensive mini-qualification systems that brings hundreds of players into the qualifiers.

I'll be impressed if more than 3 million can be generated from the various qualifiers. That would be around 20k each for the IPT members once the 10% is divied up.

Yes I forgot I thought there where just 8 spots. Given this years tour card quals are 2k and only 13k garuanteed I actually expect next years tour card qualifier to be more than 2k given a 100k is garuanteed but I kept it at 2k. I also based these calculations on the a modest 32 entries for each qualifier which given the numbers in recent events is probably low. I also expect to see hundred of mini pre qualifiers pop up like has happened in poker and I wouldn't be suprised if they break the $6 million barrier! I sure hope he starts bringing some cash in from other sources soon as history as shown that tours that rely on the players to fund them don't last very long. And I don't think any of us want the IPT to go away anytime soon!

If the profits from the qualifiers really do go to the current chosen members then that will really be another kick in the teeth for people like crosby, foldes, ortman, peach, etc that had earned the right but never got picked. I hope you are just teasing?

 

[jjinfla]

It would be interesting to see the balance sheet for the qualifiers.

After expenses I wonder if there will be much money left over for the IPT players.

18K for the B&R's. I think 6 received 3 paid entries = 36K

Flying KT, MS & DA in for the tournament.

It all depends on how philanthropic KT want to be. LOL

But in the end, it sure looks like all the IPT players will receive a nice Christmas present this year.

Jake

 

[Colin Colenso]

Not sure what the entry fee to the Q's are going to be, but I DO know that the entry fee to the main event once they qualify will be another $1000, as opposed to $199 for tour members.

Also, most, if not all people qualifying are going to have someone named on their applications, so that the cut to all IPT members will be significantly lower.

Love the signature, Calcul8r!

Hi Linda,
Glad you like my sig

I was just guessing that most qualifier entrants won't be refering anyone...just a guess. I guess we'll find out sooner or later.

btw: I don't think those who qualify have to pay an additional entrance fee. But just guessing again...that would seem a bit tough to me.

Colin

 

[Colin Colenso]

Yes I forgot I thought there where just 8 spots. Given this years tour card quals are 2k and only 13k garuanteed I actually expect next years tour card qualifier to be more than 2k given a 100k is garuanteed but I kept it at 2k. I also based these calculations on the a modest 32 entries for each qualifier which given the numbers in recent events is probably low. I also expect to see hundred of mini pre qualifiers pop up like has happened in poker and I wouldn't be suprised if they break the $6 million barrier! I sure hope he starts bringing some cash in from other sources soon as history as shown that tours that rely on the players to fund them don't last very long. And I don't think any of us want the IPT to go away anytime soon!

If the profits from the qualifiers really do go to the current chosen members then that will really be another kick in the teeth for people like crosby, foldes, ortman, peach, etc that had earned the right but never got picked. I hope you are just teasing?

I was just mentioning the commissions as a matter of general interest. I empathise for the great players such as those you mentioned who may face losing ten thousand or more trying to battle through the qualifiers.

That said, I still think it is an excellent incentive approach to offer commissions...<attempting to leave all biases aside>

 

[TheOne]

That said, I still think it is an excellent incentive approach to offer commissions...<attempting to leave all biases aside>

I’ve just returned to my PC from the pool hall. I now understand that the IPT members will indeed get a share of the entry fees from all the players that where unlucky enough not to be picked - now I can see why non of the IPTers came out and criticized the extremely high entries!

I also came back to a few comments from other players who also see the great injustice of it all. Look at the DCC field, absolute CHAMPIONS battling it out to EARN the right to play on the IPT. OK, so maybe they applied late or got unlucky or didn’t apply at all, but then:

WACK! They are hit with $10,000+ expenses to play in the qualifiers, then wait...

KABOOM! A share of their entry fees go to the IPT players that got a free ride!

I agree Colin it’s a great idea...if your name is on the list! and of course 20k buys you an awful lot of loyalty! I can only imagine what the IPT members of this forum would be saying if they had to go through what the likes of Foldes etc have to go through, I suspect their opinions about the IPT wouldn't be quite as glowing!

The IPT have done amazing things and I sure hope they succeed, but this can't hide the great injustice of the way they selected the first 150.

The sooner we separate the wheat from the chaff the better, role on 2007!

 

[Str8PoolMan]

Fuzzy Math

Well there's actually 5 qualifiers for 2006, so that's about 450k revenue.

Still a long way to go to see if so many entrants can be attracted for all the other qualifiers...or if the 2007 Qualifiers will be 1k or 2k entry. But who knows how many could enter after the KOH goes to air. There could be many hundreds of mad gamblers entering these qualifiers...or maybe a very comprehensive mini-qualification systems that brings hundreds of players into the qualifiers.

I'll be impressed if more than 3 million can be generated from the various qualifiers. That would be around 20k each for the IPT members once the 10% is divied up.

Looking at the figures I have scribbled on my note pad: If the take from the entry fee of the qualifiers is 3 million, 10% of that is 300,000. Divided up among 150 players is 2k each, not 20k each. Or am I missing something? Still, a very nice Christmas bonus.

 

[rackmsuckr]

Hi Linda,
Glad you like my sig

I was just guessing that most qualifier entrants won't be refering anyone...just a guess. I guess we'll find out sooner or later.

btw: I don't think those who qualify have to pay an additional entrance fee. But just guessing again...that would seem a bit tough to me.

Colin

All I know is what I read on the IPT website regarding entry fees to the first 2 tournaments.

Regarding The One's post, we IPT members all know we landed into something good, a pile of gold in fact. No one has more empathy for those trying to qualify than those already sitting in the IPT, watching the activity swirl around the qualifiers and the scheduling. I had a good long talk with Dave Hemmah last week and felt his pain.

I want to just mention that it is almost like Survivor's guilt that we are experiencing...at first so ecstatic to be alive on the IPT, and then feeling shame and guilt that better players are not able to make it on tour. I am sure they will eventually....and at a staggering cost. Truly, we do feel for these players. And that is whether we receive a dime from referrals or royalties or not. We thank God for our good fortune every day; we know how hard everyone else is trying.

Just my .02

 

[jjinfla]

I also came back to a few comments from other players who also see the great injustice of it all. Look at the DCC field, absolute CHAMPIONS battling it out to EARN the right to play on the IPT. !

Aw come on TO, they aren't all Champions. At least not in the second qualifier. I know one local guy who went there and played and he sure was not a champion. I think he won a couple games in two matches. Even I can beat him.

But just think. The players who do qualify, and who do make it to 2007 will really be the elite of the elite and can really call themselves Professional Pool Players. And being on the IPT in 2008 will really be an accomplishment.

I hear people mention a lot of players who didn't make it and I personally don't think they would make the cut anyway. Although good, I doubt that they would be in the top 100 at the end of this year. Yes, they may be better than most of the bottom 50, but, so what? The bottom 50 will have a lot of fun, probably make around 20-25 thousand and have a great experience to remember but they will never be on the tour after this year.

This year they are building the foundation. Next year the cream comes to the top. And along with it the money.

Jake

 

[Colin Colenso]

Looking at the figures I have scribbled on my note pad: If the take from the entry fee of the qualifiers is 3 million, 10% of that is 300,000. Divided up among 150 players is 2k each, not 20k each. Or am I missing something? Still, a very nice Christmas bonus.

oops...may calculator broke ..

 

[Colin Colenso]

I’ve just returned to my PC from the pool hall. I now understand that the IPT members will indeed get a share of the entry fees from all the players that where unlucky enough not to be picked - now I can see why non of the IPTers came out and criticized the extremely high entries!

I also came back to a few comments from other players who also see the great injustice of it all. Look at the DCC field, absolute CHAMPIONS battling it out to EARN the right to play on the IPT. OK, so maybe they applied late or got unlucky or didn’t apply at all, but then:

WACK! They are hit with $10,000+ expenses to play in the qualifiers, then wait...

KABOOM! A share of their entry fees go to the IPT players that got a free ride!

I agree Colin it’s a great idea...if your name is on the list! and of course 20k buys you an awful lot of loyalty! I can only imagine what the IPT members of this forum would be saying if they had to go through what the likes of Foldes etc have to go through, I suspect their opinions about the IPT wouldn't be quite as glowing!

The IPT have done amazing things and I sure hope they succeed, but this can't hide the great injustice of the way they selected the first 150.

The sooner we separate the wheat from the chaff the better, role on 2007!

If they wanted to maximize revenues, my guess is that they would get more by lowering the prices. A bit like the laffer curve effect.

As was pointed out I made a calulation error. The IPT 2006 players may probably get around 2k out of commissions.

I certainly hope good players who didn't get selected don't resent those who were fortunate enough to do so, but I guess jealously / envy is a part of human nature. I certainly empathize for those who have great talent and could lose out financially on this, but there's little that can be done about it.

 

[TheOne]

If they wanted to maximize revenues, my guess is that they would get more by lowering the prices. A bit like the laffer curve effect.

As was pointed out I made a calulation error. The IPT 2006 players may probably get around 2k out of commissions.

I certainly hope good players who didn't get selected don't resent those who were fortunate enough to do so, but I guess jealously / envy is a part of human nature. I certainly empathize for those who have great talent and could lose out financially on this, but there's little that can be done about it.

I think are a few players that may feel some envy, that seems to be human nature when they see things that are so unfair. Personally I feel for them, any of the players that had dedicated their lives to pool for little reward and didn't get selected while others who have done little in pool got the nod.

It was obvious to all when KT released the list that he had mad a few mistakes. I'm sure it became obvious to KT when he got a flood of CV's from great players towards the end of the deadline and he realised he didn't have enough spots left!

I agree with everyone that the 150 have been selected now and we can't change that. But IMO making the unfortunate pay $2k entry and then splitting that money with the players that got a free ride was a big mistake . I also don't agree that nothing can be done about it, we've had 2 qualifiers out of a possible 75+, things can be changed, he CAN be seen to
be fair to the players that missed out.