Events Fees & Co-Manager Fees For 2012
Posted: Thu Dec 01, 2011 9:18 am
We unveiled all of our products on the updated NFBC Home Page last night and all of us here at STATS are very excited about the upcoming baseball season. We believe that we finally have stability here at the NFBC and we also believe the high-stakes baseball community finally has stability again. Let's work together to keep these things this way and grow this space together.
Many of our products and guarantees are very similar to past years and based on our final numbers of last year. For instance:
NFBC Main Event: $1,400 entry fee, $100,000 grand prize based on 390 teams, which is what we had last year. In 2010, we had 435 teams
NFBC XII: Our new 12-team Main Event has a $1,000 entry fee and a $50,000 grand prize based on 300 teams
NFBC Online Championship: Our 12-team online contest has a $350 entry fee and a $50,000 grand prize based on 600 teams. We had 600 teams in 2009 before adding the Live Double Play and had 552 Online teams last year
NFBC Auction Championship: The mixed league auction event has an $850 entry fee, and a $15,000 grand prize again based on 135 teams. The first two years of this competition have been fantastic and we hope this event continues to grow
NFBC Slow Draft DC Championship: Last year we had 23 leagues and we believe we'll top that this year with no interruption in the draft season. We hope to get these started in the next week and have offerings at $150, $375 and $1,000. These will run once a league is full and keep going through late March.
We also have a full slate of 15-team and 12-team satellite leagues this year with payouts of 80 percent in each format and at each price point. Those will begin in full in late February and continue right up to Draft Day. I think we'll have a record number of online drafts this year.
While we are excited about everything we are offering this year, the reality of hosting live events is that the costs keep increasing each year. An analysis of our live event expenses last year showed that it costs us more than $100 per team in each city and twice that in New York. Our live event costs last year topped six figures and while we have great relationships at many of these hotels the cost of business certainly isn't going down this year. We still want to put on first class events, so we just can't eat all of these costs if we want to continue to pay prizes at an average level of 80+% among all of our events.
So with that in mind, we are including $50 Events Fees this year for each team in the NFBC XII and NFBC Auction Championship and a $75 Events Fee for the NFBC Main Event. As you folks know, we will provide food and drink in each city as part of this, which should help you during these 3-5 hour drafts. You worry about your draft and we'll make sure you're taken care of during the draft. These fees are less than the $100 we charged under Fanball in 2009 and we will continue to waive them for owners who purchase multiple teams. Just an FYI: The Events Fees are included for Online teams in the Main Event and NFBC XII because our goal is to continue growing the live events model and it's not in our best interests to incentivize people NOT to attend the live drafts. We are all growing this model together.
Again, the Events fees are waived for the following:
** 2 Main Event teams, in any combination of two Mains, two NFBC XII's or one of each. The co-manager fee of $50 remains if an owner brings a buddy. So in this method, it's a savings of $150.
** A Three-Pack of NFBC Main, NFBC XII and Auction Championship. The Events Fee and co-manager fee is waived for all three events, so this could be a savings of $325.
** I will also waive this for teams that take a Main Event and any of the following: Super, Ultimate, Diamond.
For a lot of our members, they do multiple events and this year I do believe people will like the two Main Events we have a play both of them. The incentive is there to do that. But the reality also is there that our costs are rising and we have to be more responsive to that while still providing the live event experience you expect from the NFBC. We're in this together and hopefully we both know that fiscal responsibility is going to keep the NFBC alive and well for years to come.
Thanks for understanding everyone and if you have any questions you can contact me at [email protected] or at 715-254-5553. We are VERY excited to get this season started and we KNOW it's going to be our best season yet. Thanks all and let's get the 9th season of the NFBC underway.
Many of our products and guarantees are very similar to past years and based on our final numbers of last year. For instance:
NFBC Main Event: $1,400 entry fee, $100,000 grand prize based on 390 teams, which is what we had last year. In 2010, we had 435 teams
NFBC XII: Our new 12-team Main Event has a $1,000 entry fee and a $50,000 grand prize based on 300 teams
NFBC Online Championship: Our 12-team online contest has a $350 entry fee and a $50,000 grand prize based on 600 teams. We had 600 teams in 2009 before adding the Live Double Play and had 552 Online teams last year
NFBC Auction Championship: The mixed league auction event has an $850 entry fee, and a $15,000 grand prize again based on 135 teams. The first two years of this competition have been fantastic and we hope this event continues to grow
NFBC Slow Draft DC Championship: Last year we had 23 leagues and we believe we'll top that this year with no interruption in the draft season. We hope to get these started in the next week and have offerings at $150, $375 and $1,000. These will run once a league is full and keep going through late March.
We also have a full slate of 15-team and 12-team satellite leagues this year with payouts of 80 percent in each format and at each price point. Those will begin in full in late February and continue right up to Draft Day. I think we'll have a record number of online drafts this year.
While we are excited about everything we are offering this year, the reality of hosting live events is that the costs keep increasing each year. An analysis of our live event expenses last year showed that it costs us more than $100 per team in each city and twice that in New York. Our live event costs last year topped six figures and while we have great relationships at many of these hotels the cost of business certainly isn't going down this year. We still want to put on first class events, so we just can't eat all of these costs if we want to continue to pay prizes at an average level of 80+% among all of our events.
So with that in mind, we are including $50 Events Fees this year for each team in the NFBC XII and NFBC Auction Championship and a $75 Events Fee for the NFBC Main Event. As you folks know, we will provide food and drink in each city as part of this, which should help you during these 3-5 hour drafts. You worry about your draft and we'll make sure you're taken care of during the draft. These fees are less than the $100 we charged under Fanball in 2009 and we will continue to waive them for owners who purchase multiple teams. Just an FYI: The Events Fees are included for Online teams in the Main Event and NFBC XII because our goal is to continue growing the live events model and it's not in our best interests to incentivize people NOT to attend the live drafts. We are all growing this model together.
Again, the Events fees are waived for the following:
** 2 Main Event teams, in any combination of two Mains, two NFBC XII's or one of each. The co-manager fee of $50 remains if an owner brings a buddy. So in this method, it's a savings of $150.
** A Three-Pack of NFBC Main, NFBC XII and Auction Championship. The Events Fee and co-manager fee is waived for all three events, so this could be a savings of $325.
** I will also waive this for teams that take a Main Event and any of the following: Super, Ultimate, Diamond.
For a lot of our members, they do multiple events and this year I do believe people will like the two Main Events we have a play both of them. The incentive is there to do that. But the reality also is there that our costs are rising and we have to be more responsive to that while still providing the live event experience you expect from the NFBC. We're in this together and hopefully we both know that fiscal responsibility is going to keep the NFBC alive and well for years to come.
Thanks for understanding everyone and if you have any questions you can contact me at [email protected] or at 715-254-5553. We are VERY excited to get this season started and we KNOW it's going to be our best season yet. Thanks all and let's get the 9th season of the NFBC underway.