prize money in the Millennium

[GrandmasterP]

I don't know if this thread was u already but I think it's an important topic.

The Millennium increased their starting money this year again.
But with the new prize money concept the winning money will be a lot less.

http://www.millennium-series.com/fee.htm

Depending on how many teams register they prize money will change.
It's devided into three groups 114 teams 140 teams and 150 teams.

Why does it rase for 16 and then for 10 ??? (thats not fair)

But the M5 Division does not count for that. Which means although there were 144 teams in Marseille all teams just got the price money (for 114) starting teams.

Marseille
CPL - 16 teams
Div1 - 38 teams (all time record of starting teams)
Div2 - 31 teams
Div3 - 28 teams

M5 - 28 teams

total 113 teams (exluding M5 - the 3 reffing teams are not counted)
total 141 teams (including M5 - the 3 reffing teams are not counted)

For Maxs Masters there will be the same about of teams or less (as some insider from the MS) told me. But they don't think it will be more then in Marseille.

So they increased the starting fee again but with the new prize system they will lower the prize money drasticly.

I think that's not fair. They should make the M5 teams count as well.
What do you guys think???

 

[Baca Loco]

I know absolutely nothing about any of this but I do know the difference between 114 and 140 is 26, not 16.

 

[Nick Brockdorff]

I just did the math...

Ofcourse M5 should count... they pay entry fee

But, the whole system is warped anyway - would be much better for both promoters and teams, if they just came out and said "X percent of entry fees are going to prize money and divided as follows:".

In Marseille, the MS took in €153,500 in entry fees, and paid out €31,918.50..... or 20,79% of entry fees went to prizes.

To me this sounds extremely low to be honest... only now that I did the math, did realise it was that low a percentage.

Remember, the series also makes a lot of money off sponsors and vendors, so entries are far from their only source of income.

Interestingly, Div. 1 generates 1/3 of the entry fees in all 5 divisions.

I am wondering what the numbers look like in other series, like NPPL, PSP, Centurio, NES, etc.??

Nick

 

[TJ Lambini]

Who said what...

"When I look at the Millennium Board, I see only Laurent with the same type of foresight and that’s pretty much it; some of those guys on the Millennium Board have a degree of interest that directly corresponds to the depth of their own pocket."

"The guys on the Millennium Board were like an old dog needing to be put down – this will give them some credibility again. They seem to be disjointed whereas the PSP have got their act together, with Lane and Keely injecting a lot of passion and player perspective into what they do. Maybe the Millennium will benefit from that because I don’t think they would have done it on their own."

Answers on a postcard...

 

[Christian-Malera]

You are a smart guy(even if you can't design fields) do the math in NPPL, aren't all the figures you need to be found on their homepage?

 

[Robbo]

So they increased the starting fee again but with the new prize system they will lower the prize money drasticly.
I think that's not fair.

...you are looking toward the Millennium to be fair ?????

Excuse me while I pick up my pancreas from the floor after my sides split open

 

[Baca Loco]

After a brief look a the page link it sorta looks like Millennium math is at work here. What is needed is someone schooled in Mil math to explain it.

In the meantime just looking at the CPL is confusing enough. 16 locked teams guaranteed to compete at each event means entry fees from CPL teams alone equal 28000 Euros. 1750 x 16. So far so good except the CPL prize money goes up or down based on total qualifying entries across all divisions except M5. Huh? It also gives a percentage of the purse that a particular finishing position receives and in the CPL it looks very much to me like it adds up to 100%. Even so, at no level of total qualifying entries does the CPL return actually equal 100%.

Now I'm not saying it should, only that Mil math is pretty darn confusing.

As to the M5 entries I think it's fair to suggest that the substantially lower entry to M5 and the modest prizes available mean that to the Mil's way of thinking the M5 teams aren't contributing to the prize pool so their numbers aren't relevant to the calculation.

 

[Nick Brockdorff]

This got me curious - so I just did the math on Huntington beach too

$509,900 entry fees total
$95,000 prizes total

Prizes percentage of entries: 18.63%

I WANT TO BE A TOURNAMENT PROMOTER IN MY NEXT LIFE

Seriously... I honestly believe prizes should be much higher in major leagues.... something like 30¤ of the entry fees sounds just about right....

Nick

 

[TJ Lambini]

I think they should bin prize money and reduce entries across tha board by 20%.

That, or all prize money goes to Pros only.

Or a combination of both.

 

[Robbo]

Seriously... I honestly believe prizes should be much higher in major leagues.... something like 30¤ of the entry fees sounds just about right....

Nick

Nick - you can pull any figure ya like outa ya ass, and it can 'sound' as fair as ya like but it ain't gonna make one blind bit of difference mate because it's not 'fairness' that things like entry / prize ratios are decided upon.

The deciding factor is how much money they can squeeze out, exactly the same principles of business the NPPL are adhering to.
And on that basis, I ain't really got a problem with them because I would not expect them to run these tournaments and lose money.
Hell, I don't even care if they make quite a bit of money, the Millennium wasn't a registered charity last time I looked and we shouldn't really expect it to be run as such or in fact even listen to any equitable requests from any of its customers such as this one.
The Millennium Board tend to only act upon customer requests if either

a) It suits them anyway
or
b) they are forced to by higher powers.


If however these guys on the Board start to milk us dry and are making too much money out of us, then I will have a problem.
The Millennium took about 150 grand in entry fees and paid out about 30 grand in prizes.
I got no real idea what they took in vendor packages but let's for argument's sake they binned 30k which gives us a gross income of 180, paying out 30 in prizes and then all expenses coming out after that.
Hire of staff, judges, etc etc etc !

Well I know one thing, they ain't losing any money.
But as I said, I got no real problem unless they start taking the piss and as long as Laurent maintains control of that board, then all should be OK.
What do you think?