........ Once again, all the pay outs have been handled in a prompt and courteous manner this year. Just to clear the air on that point, 3rd through 96th were paid in cash immediately (the next day)! First and second are in the process of being paid in full, and in a very timely manner I might add. Corey has received most of his winnings and will get the rest next week. Darren is receiving four equal weekly payments and will be paid in full prior to the Mosconi Cup. I call this full disclosure, so there is nothing to hide. I also wanted to know how payments were being handled this year, so being me, I asked!
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Thanks for the honesty, and the full disclosure. I think paying the next day is absolutely fine, and cash is certainly great as well. Even a check the next day during "normal" business hours is completely acceptable in an event of this stature.
What i am curious about though, as I sure you are expecting to be asked, is why aren't 1st and 2nd paid in the same fashion? I know this is not your fault, as you are not the promoter, but you seem to know a lot about this, and I think it is a fair, objective question.
While I realize it only pertains to 2 participants, the fact remains that there is no reason for it. All entry fees are paid up front. All sponsor money should be collected in advance (standard in most business/promotion situations) and all "gate" revenue is collected on the spot. Considering how many "sketchy" situations exist in the pool world, and that the US Open seems to be the defining/epochal event for many players, why does the US Open set this standard? Why do they not set an example and pay on the spot. Of course, cash is not required as long as a valid check or similar instrument is presented.
While I can understand that receiving the money "within a month" is still pretty nice, why does this problem exist in the pool world, at such a prestigious event? This does not happen at poker tournaments, which are set up almost exactly the same way. By that I mean, players pay an entry fee, the money goes in a pool, the event concludes, the players get paid. Why should Corey and Darren have to wait? Why does the possibility of not getting paid have to exist? Especially considering the current climate of the billiards community.... Paying on the spot (even with a check, which is acceptable for such a large amount) prevents all speculation of "did they get paid?" And it also seems like the proper way to conclude an event and ease the mind of the winners.
Please understand that I am not trying to "stir the pot" or make any accusatory statements. You brought it up, and said it was in the interest of full disclosure, so I am assuming it is open for discussion. I also assume you have an answer, so I would just like to know.
Does it say on the entry form that if you win you will get paid within a month? To be honest, this just doesn't seem right, necessary, or justified.
I can speculate that the amount of added money required to get peoples attention is so high that promoters need to make promises which they may not be able to deliver. And while I am sure the US Open will make sure the winners eventually get paid, there are many people who may try to mimic this example (think Galveston) and then not have the money they promised, thus perpetuating the problem. Which is why, in my opinion, the US Open should set the standard and not let other promoters think this is acceptable.