"The Checks are in the mail." Oh Dear...

[Nostroke]

Steve,

I agree with you.....I am reminded of some company meetings I've been in, where suggestions were needed to solve certain problems.....I noticed there were those who made suggestions, and those who never offered a one, but were always voicing the negative side to every suggestion that was made.....finally, I got frustrated when after so many suggestions were "harpooned and speared" by those on the sidelines, that I asked "why don't you offer some suggestions then?" Of course, none was forthcoming...

Ok let me make a suggestion (again).

Kevin/IPT- Tell the truth-Keep your word!

 

[CaptiveBred]

100k is insane. My last contract was 65k and consisted of 18,454 lines of code. maybe I should do web developement instead. Getting a raise and finally getting some sleep would be a nice change... I am a C++, VB programmer, BTW. On my next free afternoon, I think I'll master web developement lol

 

[cueball1950]

David,
I know the efforts you have put into helping the players. But just because Barry hasn't paid Danny, doesn't mean KT isn't going to pay the IPT players.


Steve.....I think it is BRADY NOT BARRY that did not pay Danny Harriman... It was Brady's tournament not Barry's.

You know, i can remember going to many of the old PBT tournaments in Binghamton NY (BC OPEN) and another 1 in Massachusetts. Don't remember if it was Springfield or Worcester. But anyway i can vividly remember Howard Vickery sitting at a side table writing checks to the players as they got knocked out. Granted, it was not 200 players but he sat there until everybody got paid. And i think the BC Open included the women before the WPBA was started and the women did play along side the men...........mike

 

[Gabber]

thank you

I was the one who preiviously posted that KT shared with me and others, including john schmidt that late may/early june that he said he had laready sold 49% of the ipt to a european company.

I have mentioned this at least 3 times now without reply from KT lovers! Its as if they dont want to know.

Gabber.........

 

[Roy Steffensen]

Come on guys, let's wait and see what's happen before we produce old westernposters with Kevin's face on, "Wanted dead or alive"...

 

[jimmyg]

WOW! This issue has been sliced , diced, spun, twisted and ignored. But, like it or not; remain silent because you're on the tour, or be extra vocal because you're not, the bottom line is that it is just plain inconsiderate, disrespectful and a disasterous business practice for any business, especially one that should be trying extra hard to establish it's credibility and trust, to not pay their tour members in the manner that they promised, period. It also shows that the organizations leadership simply does not care about the image they project, or worse, perhaps underlying financial issues.

As far as speculating on what did, could, or should have happened, common sense should prevail over "damage control". Not paying the tour members as promised is unexcusable, and if keeping one's promise was high on KT's agenda they would have been paid.

As I said before, I believe that unless this is the last IPT tournament, the players will be paid. When, and if, the final IPT tournament does occur, the players will not be paid.

Almost without question, when new organizations are created, the existing personalities, business practices, and methods of operation of the creators become a part of the new creation. Why would anyone be so surprised?

 

[TheOne]

100k is insane. My last contract was 65k and consisted of 18,454 lines of code. maybe I should do web developement instead. Getting a raise and finally getting some sleep would be a nice change... I am a C++, VB programmer, BTW. On my next free afternoon, I think I'll master web developement lol

LOL, insane but true and a big underestimate My current company charges developers out at $1500 a day, PM's more and designers slightly less, even if you only had 1 of each working on a site like this via an agency a site like this would prob take atleast 3 months from start to finish. Even if it was in house the same 4 people would prob earning about 75-100k+ (If I recall this was on the IPT website at one point), and they've all been working on it atleast a year already, I'll let you do the mathS.

I built a $1 million dollar website for a large oil company in Oman once in 6 months and flew there to install it, the largest website contract I saw at one of my employers was 7million pounds for a law society website, which is about $12 million dollars.

If I get a free afternoon I might teach myself brain surgery, nah I'll fly to the moon for the day.

 

[Rickw]

I grew up in a small family business. We got a huge multimillion dollar company as a customer and we thought we hit the jackpot. They became our worst customer. They wanted everything for free and they always paid us very late.

To this day I get pissed when big companies have the audacity to charge late fees when individuals are late paying them. It is a common practice for big business to delay paying on time and profiting from the "float" on the money.

I totally agree with the poster that said that the method of payment should have been announced at the players' meeting!! Very poor business management. This is made even worse given KT sold the tour to Ho. Sounds like the players might be the tricks!

 

[jjinfla]

Jake, I will compare my portfolio with yours anytime!!!
Purdman

I'll bet your debit/expenses sheet is a lot bigger than mine. Hint: if it's greater than zero than I win.

But I am open to any investment ideas you have. But no long term ideas, I don't have that much time left.

Harry really does like his cues.

I really am a great pool player. As long as I only play people who I can consistently beat.

Jake

 

[jjinfla]

My players would have me linched and hung on a tree at the end of the event if there were no funds at the event, and the check was in the mail. My name would be trashed all over the internet, and the damage repair would be hard.

:

You are to be commended for doing what is expected. I think.

At your average tournament just how many players receive checks/cash for winning $100 or more?

How many players who finish 17th or higher receive cash/check.

Jake

 

[jjinfla]

I have mentioned this at least 3 times now without reply from KT lovers! Its as if they dont want to know.

Gabber.........

What is your point?

It has been mentioned many times. I believe KT even mentioned it at the latest player's meeting.

I thought that he had RETAINED 49% of the company not that he sold 49% and that he would remain on as running it.

I also heard a rumor that it would go public. But I believe that would be overseas not here. I sure would like to buy some of that stock. It would give me a good reason to sell all my dogs and jump aboard the IPT bandwagon.

Jake

 

[TheOne]

But I am open to any investment ideas you have. But no long term ideas, I don't have that much time left.
Jake

Have you tried that book Natural Cures Jyet ake, I don't know if your seriously ill but there might be a cure in it for you, although Im not sure it covers mental illnesses?

 

[The Kid]

You are to be commended for doing what is expected. I think.

At your average tournament just how many players receive checks/cash for winning $100 or more?

How many players who finish 17th or higher receive cash/check.

Jake

This has been said before, but the big bar table tournaments in Vegas such as the BCA, VNEA or APA pay people by check in Vegas.

We are talking about well over 1,000 checks that are printed out and given to the players a couple of hours after they have been eliminated.

The IPT has no excuse.

They should have either brought the checks with them or have had them shipped to them earlier in the week.

 

[TX Poolnut]

Hey Doug,

Pass me some of that popcorn. Thanks!
(crunch, crunch, crunch)

 

[cueball1950]

Other points of interest...... they problem that they stated was NOT with issuing the checks..... the checks never arrived.

The other point of interest was that they did NOT require players to stay at the host hotel. Players could have stayed at any local hotel with the price of their choice. A luxury that I only wish the other tours would provide.

They did not require players to stay until Sunday. Once you were out of the tournament, you were free to leave. For the first time, however, I think the players actually WANTED to stay! Not just for the payout at the end, but also for the great matches.

Just wanted to throw these out there because their seemed to have been some questions along those lines.

Don't bash me, just reporting!

Tammie Jones

Tammy...in my post i did not state that they were. I simply asked if they were required to stay at the host hotel and i only asked if the players were required to stay until the end and be there all week. But i am glad that you did clear this up for me................mike

 

[rackmsuckr]

From Deno

"The person who sent them to Reno failed to click “Saturday Delivery.” Therefore they did not get delivered in time for Sunday. We are back in the office tomorrow and they will be sent in the mail ASAP."

Looks like a clerical mistake.

 

[DaveK]

It is very hard for me to reconcile the concept of "KT is a billionaire and knows more about making money and running a business than most in the world" and "the IPT is have all sorts of growing pains with the business side".

Dave

 

[TX Poolnut]

Looks like a clerical mistake.

....................................

 

[jay helfert]

Ok let me make a suggestion (again).

Kevin/IPT- Tell the truth-Keep your word!

Tap Tap Tap

 

[jay helfert]

WOW! This issue has been sliced , diced, spun, twisted and ignored. But, like it or not; remain silent because you're on the tour, or be extra vocal because you're not, the bottom line is that it is just plain inconsiderate, disrespectful and a disasterous business practice for any business, especially one that should be trying extra hard to establish it's credibility and trust, to not pay their tour members in the manner that they promised, period. It also shows that the organizations leadership simply does not care about the image they project, or worse, perhaps underlying financial issues.

As far as speculating on what did, could, or should have happened, common sense should prevail over "damage control". Not paying the tour members as promised is unexcusable, and if keeping one's promise was high on KT's agenda they would have been paid.

As I said before, I believe that unless this is the last IPT tournament, the players will be paid. When, and if, the final IPT tournament does occur, the players will not be paid.

Almost without question, when new organizations are created, the existing personalities, business practices, and methods of operation of the creators become a part of the new creation. Why would anyone be so surprised?

Yes, this organization does mirror the prior business practices of its creator.