What do we do with your entry fee?

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Presentation transcript:

What do we do with your entry fee? As our league exploded over recent years we have thousands of dollars of entry fees entering our coffers every fall. We take trust and transparency of league finances very seriously so created this page to make our finances absolutely clear to prospective and existing league members alike. Here are the highlights: Neither the commish or any of the league cronies make any money on this league – not a single red cent. We spend the time and effort because we love what we’ve created and spreading our vision to more and more members We aim to balance spreading the prize money out to multiple winners and also maintaining a large prize for our ultimate champion. See detailed prize summary below. While playoff performance is the ultimate prize, we aim to reward regular season performance too (note that this increased due to recent manager feedback – democracy in action) We incentive recruiting with a $10 credit. This also applies to anyone that wants a second team.

Overview of Last Year’s Prize Allocation 2nd -12th place playoff payouts 40% 1st place playoff payout 30% Regular season awards 24% Recruiting incentives 4% Infrastructure – website 1% Commish/cronies payment 0% Grand Total 100%

Details of Last Year’s Prize Allocation PHL242 2017-18 Payout Schedule   Allocation Total #teams entry fee: $100 $16,500 165 Other 2nd Team Discounts $200 1.2% $10/team Recruiting Incentives $510 3.1% Infrastructure/more swag $100 0.6% contingency pool for future infrastructure, payback of minibuckets/renovation Website Fee Regular Season Presidents Trophy $600 3.6% most points in regular season (all divs) Other Div Winners $3,000 18.2% non-president trophy division winners, $300 each x 10 other divisions Goals $75 0.5% Highest of all divisions Assists $50 0.3% Wins PIM Blocks/Hits Boobie Randomly assigned by commish Playoffs 1st $5,000 30.3% 2nd $2,500 15.2% 3rd $1,300 7.9% 4th $700 4.2% 5th $415 2.5% 6th $300 1.8% 7th $275 1.7% 8th $250 1.5% 9th $225 1.4% 10th 11th $175 1.1% 12th $150 0.9% Bucket Bounty take out last season's Bucket winner in playoffs (carries over if incumbent doesn't make playoffs) Rookie of Year rookie of the year TOTAL 100.0% unallocated balance $0