Win $20,000 In The 2021 NFBC Auction Championship
Posted: Thu Mar 11, 2021 1:54 pm
The NFBC Auction Championship has been around as the industry's only national auction championship since 2010 and we have crowned 10 national champions since then. Unfortunately, that streak was broken last year due to Covid-19 as every live event was cancelled in March and then the season was shortened to 60 games. We cancelled the NFBC Auction Championship completely in 2020, but we were prepared to host multiple live 15-team auction leagues this year and crown another overall champion.
Unfortunately, Covid-19 was able to strike again. It just wasn't a lethal blow this time.
Our original plan that we announced in October was to base prizes for this championship on 12 leagues, a level we've hit each of the previous four years without much trouble. But this year, the Chicago Auction Championship league has been cancelled and we will be getting only two leagues in New York City after having filled five auction leagues each of the last four years. This is all because of Covid as many of our die-hard auction participants just don't feel safe coming into the city yet.
We'll also have fewer auction leagues in Las Vegas this year as right now we have three full leagues after filling six leagues for several years in a row.
The math is pretty easy to do right now on this contest: We have 5 full auction leagues -- three at $1,400 each and two at $2,500 each -- which means something has to be done to this prize pool. We can't base prizes on 12 leagues and finish with only half of that total and still move forward as is. Something has to be done to save this national championship for this season before ramping back up to the old levels in 2022.
And that's what we're going to do right now.
We KNOW the Auction Championship will reach 180 teams again next year, but for right now we have to save this contest by reducing the overall prize pool. We'll do everything we can to fill more than five leagues, and I think we will, but for now let's cancel the original contest and reprise it with a new prize payout plan.
Legally, we must offer everyone who is already signed up for this contest the chance for a refund. If you don't like the new prize structure, please respond to me as soon as possible, especially if you are already in a full league. We'd hate to lose even a single person from this national contest, but if you don't like the new prize structure you will get your money back before the contest starts and we will do all we can to fill your spot.
So here's the plan for the 2021 NFBC Auction Championship:
1) NOTHING CHANGES ON LEAGUE PRIZES! Players in the $1,400 auction leagues are still playing for $12,250 in prizes, including $7,500 for first place. And players in the $2,500 league are still playing for $28,500 in prizes, including $20,000 for first place. NOTHING CHANGES WITHIN THE LEAGUE PRIZES.
2) We are now basing prizes on 7 leagues and reducing the grand prize and the overall prize pool from its original levels. We are hopeful that we can still fill the Sunday Las Vegas $1400 Auction League and even one more league after that. So while we are lowering the prize pool right now, we are taking a chance by guaranteeing the prize money based on two more leagues.
3) The grand prize will now be $20,000 instead of $30,000. We did not want to just cut the grand prize in half and try for six leagues. It was important to have the grand prize as big as the league prize in the $2,500 league. Now one owner can win up to $40,000 total while competing against only 105 owners in seven leagues. If you win your league title you have a pretty good chance now of winning the overall title.
4) We will pay the Top 5 overall finishers a total of $30,000. If we can get more than seven leagues, we will boost 2nd through 5th overall. To do that, we'd need to fill out at least one $1,400 Auction Championship league Online. I think we can do that on Monday, March 29th, so check out that date and time if you're interested.
We apologize for the late change, but it became obvious earlier this month that New York, Chicago and even Las Vegas were going to bring in fewer live participants, and that would definitely affect our final numbers for the auction championship. We waited until we had a feeling of how many leagues we were going to fill and we guaranteed the new prizes on the best possible scenario. We still have work to do, but here we go.
Here is the new prize structure:
2021 NFBC Auction Championship
Overall Prizes
First Place = $20,000
Second Place = $4,000
Third Place = $3,000
Fourth Place = $2,000
Fifth Place = $1,000
NFBC $1,400 Auction League
League Prizes
League Champion $7,500
2nd place finisher $3,350
3rd place finisher $1,400
NFBC $2,500 Auction League
League Prizes
League Champion $20,000
2nd place finisher $6,000
3rd place finisher $2,500
I only need to hear from you if you want a refund under the new prize structure. The deadline for contacting me is this Sunday. If you're okay with this, we will see you in the auction rooms in New York City, Las Vegas and Online. Thanks to everyone who continues to support this contest and our live events and I promise that next year we are going to BLOW OUT the live events in all three cities. We will party like it's 1999!! Thanks all and good luck.
Unfortunately, Covid-19 was able to strike again. It just wasn't a lethal blow this time.
Our original plan that we announced in October was to base prizes for this championship on 12 leagues, a level we've hit each of the previous four years without much trouble. But this year, the Chicago Auction Championship league has been cancelled and we will be getting only two leagues in New York City after having filled five auction leagues each of the last four years. This is all because of Covid as many of our die-hard auction participants just don't feel safe coming into the city yet.
We'll also have fewer auction leagues in Las Vegas this year as right now we have three full leagues after filling six leagues for several years in a row.
The math is pretty easy to do right now on this contest: We have 5 full auction leagues -- three at $1,400 each and two at $2,500 each -- which means something has to be done to this prize pool. We can't base prizes on 12 leagues and finish with only half of that total and still move forward as is. Something has to be done to save this national championship for this season before ramping back up to the old levels in 2022.
And that's what we're going to do right now.
We KNOW the Auction Championship will reach 180 teams again next year, but for right now we have to save this contest by reducing the overall prize pool. We'll do everything we can to fill more than five leagues, and I think we will, but for now let's cancel the original contest and reprise it with a new prize payout plan.
Legally, we must offer everyone who is already signed up for this contest the chance for a refund. If you don't like the new prize structure, please respond to me as soon as possible, especially if you are already in a full league. We'd hate to lose even a single person from this national contest, but if you don't like the new prize structure you will get your money back before the contest starts and we will do all we can to fill your spot.
So here's the plan for the 2021 NFBC Auction Championship:
1) NOTHING CHANGES ON LEAGUE PRIZES! Players in the $1,400 auction leagues are still playing for $12,250 in prizes, including $7,500 for first place. And players in the $2,500 league are still playing for $28,500 in prizes, including $20,000 for first place. NOTHING CHANGES WITHIN THE LEAGUE PRIZES.
2) We are now basing prizes on 7 leagues and reducing the grand prize and the overall prize pool from its original levels. We are hopeful that we can still fill the Sunday Las Vegas $1400 Auction League and even one more league after that. So while we are lowering the prize pool right now, we are taking a chance by guaranteeing the prize money based on two more leagues.
3) The grand prize will now be $20,000 instead of $30,000. We did not want to just cut the grand prize in half and try for six leagues. It was important to have the grand prize as big as the league prize in the $2,500 league. Now one owner can win up to $40,000 total while competing against only 105 owners in seven leagues. If you win your league title you have a pretty good chance now of winning the overall title.
4) We will pay the Top 5 overall finishers a total of $30,000. If we can get more than seven leagues, we will boost 2nd through 5th overall. To do that, we'd need to fill out at least one $1,400 Auction Championship league Online. I think we can do that on Monday, March 29th, so check out that date and time if you're interested.
We apologize for the late change, but it became obvious earlier this month that New York, Chicago and even Las Vegas were going to bring in fewer live participants, and that would definitely affect our final numbers for the auction championship. We waited until we had a feeling of how many leagues we were going to fill and we guaranteed the new prizes on the best possible scenario. We still have work to do, but here we go.
Here is the new prize structure:
2021 NFBC Auction Championship
Overall Prizes
First Place = $20,000
Second Place = $4,000
Third Place = $3,000
Fourth Place = $2,000
Fifth Place = $1,000
NFBC $1,400 Auction League
League Prizes
League Champion $7,500
2nd place finisher $3,350
3rd place finisher $1,400
NFBC $2,500 Auction League
League Prizes
League Champion $20,000
2nd place finisher $6,000
3rd place finisher $2,500
I only need to hear from you if you want a refund under the new prize structure. The deadline for contacting me is this Sunday. If you're okay with this, we will see you in the auction rooms in New York City, Las Vegas and Online. Thanks to everyone who continues to support this contest and our live events and I promise that next year we are going to BLOW OUT the live events in all three cities. We will party like it's 1999!! Thanks all and good luck.