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Post by Commish on Jan 26, 2013 18:26:13 GMT -5
I am interested to discuss entry fee and payouts. I am willing to play for as low as $75 or as high as $150. I am looking for your opinions as to how much you want to pay entry fee.
Also - I think the ideal payout structure is:
1st place -approx. 55%
2nd place - approx. 33%
3rd place - approx. 12%
So for example if we have 15 players at $100 each, that's $1500 in the pot.
With the above pay structure it would round out to:
1st place - $800
2nd place - $500
3rd place - $200
Again I am open to negotiation and while I am willing to do the duties of commish, I am not a dictator.
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Post by Commish on Jan 27, 2013 16:58:17 GMT -5
On the other link - everyone voted for $150 so far - so I am setting the entry fee at $150.
This is my proposed payout structure - looking for your inputs if you think one should be higher or lower
1st - $1150 ;D
2nd - $625
3rd - $325
That is $2100 total - which includes ($150 times 14 players) and $150 for the CBS sportsline fee.
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Post by Commish on Jan 29, 2013 20:16:28 GMT -5
UPDATED On the other link - everyone voted for $150 so far - so I am setting the entry fee at $150. This is my proposed payout structure - looking for your inputs if you think one should be higher or lower 1st - $1150 ;D 2nd - $625 3rd - $325 That is $2100 total - which includes ($150 times 14 players) and $150 for the CBS sportsline fee. By the way that works out to: 54.8% 1st - $1150 ;D 29.8% 2nd - $625 15.4% 3rd - $325 Read more: 2013nfbcslowdraft.proboards.com/index.cgi?action=display&board=rules&thread=4&page=1#ixzz2JPviZxyx |
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Post by seamonkey on Jan 30, 2013 22:12:55 GMT -5
Not to question anyones morals but since we all dont know eachother, shouldnt the leaguesafe payout option be league vote instead of commish decides? That's kind of the whole point of using leaguesafe with strangers. Commish youre most likely trustworthy but unfortunately I've had that experience once b4 (one commish took all the $ at the end of the season).
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Post by Commish on Jan 30, 2013 22:18:48 GMT -5
The only reason I put it to commish elects payouts is because it's nearly immediate after the season.
If we do a vote - then its like a 8-10 day waiting period - (unless everyone votes quickly - which never happens.)
But I am fine with changing it.
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Post by seamonkey on Jan 30, 2013 22:26:55 GMT -5
The only reason I put it to commish elects payouts is because it's nearly immediate after the season. If we do a vote - then its like a 8-10 day waiting period - (unless everyone votes quickly - which never happens.) But I am fine with changing it. sweet, thanks. once it's changed i'll pay right away, i was in the process when i noticed the payout format. It's just hard to join after having never seen any of the $1400 I was supposed to get for winning that former league. Just FYI, I've done leaguesafe twice with league vote and both times it took 2 days or less to distribute payouts. An active league with good guys should be fine. |
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Post by Commish on Jan 30, 2013 23:44:54 GMT -5
OK I went in and tried to change the setting but it says once an owner has paid the commissioner cannot make any changes to the league settings. I emailed everyone a screenshot of the alert I am seeing.
I have no reason to cheat but I understand everyone wants to have a fair league and I have been cheated by crappy commissioners before so I have no problem trying to resolve this before we proceed.
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Post by Commish on Jan 30, 2013 23:47:23 GMT -5
By the way I found a link on the site to send customer service an email I am going to try to see if they can override that error. I will keep everyone posted.
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Post by Commish on Jan 31, 2013 12:02:43 GMT -5
LEAGUE SAFE has corrected the payout rule to majority rule.
Once commish inputs results - all payouts will be distributed once 51% of owners have confirmed.
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Post by seamonkey on Jan 31, 2013 21:49:45 GMT -5
Thanks. I just sent payment. Should be fun!
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Post by frankl69 on Feb 1, 2013 16:34:09 GMT -5
Do we need an invitation to access leaguesafe for this league?
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Post by Commish on Feb 1, 2013 17:13:35 GMT -5
not sure what you mean there - I thought you already paid?
I show Frank Lennon frankl69@aol.com $150.00 Paid $150.00 on league safe
If you mean you want to invite someone else - I need to verify the couple owners who haven't paid yet to make sure they are in before we invite someone new.
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Post by frankl69 on Feb 2, 2013 11:35:17 GMT -5
Doh. Mixed it up with another league!
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