Fantasy Sports Insurance For Main Events/Auction Championships

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Mar 08, 2011 3:52 am

Okay, I apologize for the delay in announcing an insurance policy for those who pay by check this year, but it's been a hectic, hectic time and we just couldn't finalize this much sooner. We are definitely going to offer an insurance policy this year for NFBC owners, but it has to be slightly different to make sense for everyone. And if anyone likes the FSI policy well enough to buy additional insurance on their players they can.

I don't have all of the details yet, but I hope to have it very soon and post it here. Basically the details are that if you pay for your Main Event and/or Auction Championship the NFBC will give you free insurance on one player that is on the FSI player list. If that person spends 60 or more days on the DL you get paid a certain percentage of your entry fee for the damage. Simple enough and unfortunately several NFBC owners were paid accordingly in 2010.

This is available free for Main Event and Auction Championship participants. Last year we did offer it for the Diamond, Ultimate and Super too as we asked all owners to pay via check for those events. I honestly can't justify paying that expense on top of the prize payouts this year and hopefully you will understand why.

We are already paying out 93.3% in the Diamond and last year Fanball still paid an additional 2% on top of that for the insurance. I understand why we did that, but it's a tough $3,000 expense for that league. Same with the Ultimate League, which was a $1,500 expense. Instead, we increased the Ultimate League prizes 2.5% to 90% and used that money to increase second place. The Supers also have a solid 87.5% payout without free insurance.

I am asking all of those owners to pay via check rather than credit card so that we can continue with these high payouts while still providing a great live draft experience. We still have a lot of costs with the live drafts and we have food and drink without any Events Fees. So hopefully those owners will understand why another freebie -- free insurance -- isn't financially possible this year. But if any owner in the Diamond, Ultimate or Super League wants to buy insurance on any player FSI will make that available to them at a 2% cost. More details on that later.

But I'm pretty sure we can handle insurance for the Mains and Auctions and FSI will have a web site where you'll select your player after the drafts and auctions. Yes, you can send in your checks now for any and all events and just email Tom at [email protected] once you do that so that we don't also hit your credit card. We get daily reports about checks arriving, but feel free to email us as well and we'll be on the same page immediately.

Send checks to:

STATS LLC

NFBC: Attention Accounting Department

2775 Shermer Road

Northbrook, IL 60062

Thanks all and look for more details soon.

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Mar 08, 2011 3:56 am

One other note, today we are ready to start running credit cards for NFBC events. Tom and I will be going through everyone's team pages today to set these up for payment. You may start to see charges for the Slow Drafts, Satellite Leagues and live events very soon. Please update your home page soon if you have to change your choice of credit card or anything else.

As for the early Slow Drafts that were held on Fanball -- 10 of them in all -- we will start to hit those credit cards today and tomorrow as well. There are team links on your MY TEAMS pages, but the draft results are not yet loaded. Those are still missing some data and we need to finalize some of that first, but we are close to getting those entered. We haven't forgotten those.

Thanks all for your patience. We are getting close.

76erfan · Post by **76erfan** » Tue Mar 08, 2011 4:00 am

Thanks Greg. I still need to register for a league that we did via email. Dan Kenyon ran it for us. How do I sign up for that so I can be appropriately charged?

MadCow Sez · Post by **MadCow Sez** » Tue Mar 08, 2011 1:00 pm

Originally posted by Greg Ambrosius:

One other note, today we are ready to start running credit cards for NFBC events. Tom and I will be going through everyone's team pages today to set these up for payment. You may start to see charges for the Slow Drafts, Satellite Leagues and live events very soon. Please update your home page soon if you have to change your choice of credit card or anything else.

As for the early Slow Drafts that were held on Fanball -- 10 of them in all -- we will start to hit those credit cards today and tomorrow as well. There are team links on your MY TEAMS pages, but the draft results are not yet loaded. Those are still missing some data and we need to finalize some of that first, but we are close to getting those entered. We haven't forgotten those.

Thanks all for your patience. We are getting close. Aloha GA, When can we expect to see the links to the slow drafts done on the artists formerly known as FanBall site on the "My Teams" link?

Greg Ambrosius · Post by **Greg Ambrosius** » Tue Mar 08, 2011 1:55 pm

Originally posted by 76erfan:

Thanks Greg. I still need to register for a league that we did via email. Dan Kenyon ran it for us. How do I sign up for that so I can be appropriately charged? All of you who did the early Slow Drafts or Dan's league will see those leagues shortly. I think we'll be able to enter your registrations for you when we create these leagues. We had some data transfer issues to deal with on these and in fact Dan if you still have your draft order from these with the owners' names email them to me and Tom so that we make sure we load the right teams to the right owners. That will help us load these better. We'll find the others online.

So give us a bit and with any luck we'll have these leagues loaded and you folks paid up shortly. We're finally getting down to this on our To-Do list. Thanks for your patience all.

DOUGHBOYS · Post by **DOUGHBOYS** » Tue Mar 08, 2011 2:49 pm

I'll get those to you in the morning, Greg.