NFBC Prize Payment Update and Timeline

Asumijet · Post by **Asumijet** » Wed Nov 03, 2010 10:36 am

Originally posted by Chest Rockwell:

One other thing that is a misconception to clear up.

I sent out an email to four bankers wanting to park 2 million dollars and the best rate I have gotten back .7 percent.

So assuming Fanball is getting similar rates and holding 1 million dollars in total prizes they are netting themselves an extra 135 bucks a week doing it. Not even Ryan E Houston makes decisions over 135 bucks a week. Chesty- the appropriate rate is not what they can park the $1M for, but the rate for which they would have to borrow the $1M. Figure 6% at best. Hopefully that is still peanuts.

TOXIC ASSETS · Post by **TOXIC ASSETS** » Wed Nov 03, 2010 10:48 am

I can guarantee you that Fanball is making more than .7% interest on the money. Since salaries, etc need to be paid out, I'm also sure they don't have $1M sitting in the bank either. But what is there, is paying more than .7%.

Jim Christie · Post by **Jim Christie** » Wed Nov 03, 2010 10:50 am

Just got home (Wednesday)and no payment information in my account. I did get my New York State paycheck today, and NY is broke.

Chest Rockwell · Post by **Chest Rockwell** » Wed Nov 03, 2010 11:34 am

Originally posted by Asumijet:

quote:Originally posted by Chest Rockwell:

One other thing that is a misconception to clear up.

I sent out an email to four bankers wanting to park 2 million dollars and the best rate I have gotten back .7 percent.

So assuming Fanball is getting similar rates and holding 1 million dollars in total prizes they are netting themselves an extra 135 bucks a week doing it. Not even Ryan E Houston makes decisions over 135 bucks a week. Chesty- the appropriate rate is not what they can park the $1M for, but the rate for which they would have to borrow the $1M. Figure 6% at best. Hopefully that is still peanuts. [/QUOTE]you are correct Neal- I was trying to keep it simple although in Ryan's asset light world you would have a terribly hard time getting money that cheap.

Chest Rockwell · Post by **Chest Rockwell** » Wed Nov 03, 2010 11:35 am

Originally posted by TOXIC ASSETS:

I can guarantee you that Fanball is making more than .7% interest on the money. Since salaries, etc need to be paid out, I'm also sure they don't have $1M sitting in the bank either. But what is there, is paying more than .7%. Mr Kramer it is if you have no formal business training whatsoever.

Quack & Willy · Post by **Quack & Willy** » Wed Nov 03, 2010 11:38 am

Prizes posted....claimed. Thanks Greg, Tom!

Gekko · Post by **Gekko** » Wed Nov 03, 2010 11:54 am

Originally posted by Quack & Willy:

Prizes posted....claimed. Thanks Greg, Tom! thanks for the heads-up. i'll check them after junior goes to bed

Jim Christie · Post by **Jim Christie** » Wed Nov 03, 2010 11:55 am

Ask and you shall receive

Sack · Post by **Sack** » Wed Nov 03, 2010 12:01 pm

Hey Christie, mail from Jersey to Rochester is even slower than you KEN imagine. Better ADD a few months to your wait.......

Hopefully, you cashed in on one of those hundreds of slow drafts you participated in this season.

Gekko · Post by **Gekko** » Wed Nov 03, 2010 12:10 pm

THANKS FANBALL FOR "ALLOWING" US TO CLAIM OUR PRIZES.

Now the screen says checks will be sent in 2 to 4 weeks, which means they'll be sent Nov 19th at the earliest and Dec 3rd at the latest. Anything you can do to expedite payment is appreciated.

[ November 03, 2010, 06:14 PM: Message edited by: Gekko ]

Jim Christie · Post by **Jim Christie** » Wed Nov 03, 2010 12:25 pm

Hey Sack, I expect it to be hand delivered!!!

Head 2 Head · Post by **Head 2 Head** » Wed Nov 03, 2010 12:27 pm

Don't you think an email to all the NFBC players telling them they can NOW claim their prizes might be nice. I happen to be on the Message Board as I am in a Mock Draft but would not know otherwise.

DOUGHBOYS · Post by **DOUGHBOYS** » Wed Nov 03, 2010 12:32 pm

Originally posted by Jim Christie:

Hey Sack, I expect it to be hand delivered!!!

Lou Brock, Willie McGee, Vince Coleman...

The mail used to be carried fast in St Louis.

Now with LaRussa, Duncan, and McGwire running the show, it leaves town via clydesdale

DOUGHBOYS · Post by **DOUGHBOYS** » Wed Nov 03, 2010 12:34 pm

Originally posted by Head 2 Head:

Don't you think an email to all the NFBC players telling them they can NOW claim their prizes might be nice. I happen to be on the Message Board as I am in a Mock Draft but would not know otherwise. This is where the winners are!

I kid, and you are right.

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Nov 03, 2010 12:39 pm

Originally posted by Head 2 Head:

Don't you think an email to all the NFBC players telling them they can NOW claim their prizes might be nice. I happen to be on the Message Board as I am in a Mock Draft but would not know otherwise. Yes, an email should be going out to let you know about this. I think the guys in St. Louis were eager to get this live for everyone and either an email is going out now or will be first thing tomorrow. Heck, I found out this was live from Jeff Dobies!! Glad to see we got this live today as we had promised. Now get this done on your part ASAP and claim your prizes.

An email to all winners and all NFBC members will be going out tomorrow at the latest, I promise. Thanks for your patience everyone and good job guys in St. Louis.

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Nov 03, 2010 12:43 pm

Originally posted by Gekko:

THANKS FANBALL FOR "ALLOWING" US TO CLAIM OUR PRIZES.

Now the screen says checks will be sent in 2 to 4 weeks, which means they'll be sent Nov 19th at the earliest and Dec 3rd at the latest. Anything you can do to expedite payment is appreciated. Hey Mark, STOP ALREADY!!

Geez, we're doing all we can to get this all done. We went live the first week of November as promised. Claim your prize already. Hopefully checks go out sooner than we're estimating. Geez, we're working hard and I think most people understand that. All Fanball winners can now claim their prizes and checks will start to go out as soon as we can get them started.

Jim Christie · Post by **Jim Christie** » Wed Nov 03, 2010 12:45 pm

Being a long time CDM/Fanball member, I always knew how to claim these prizes

just had to check each day

DOUGHBOYS · Post by **DOUGHBOYS** » Wed Nov 03, 2010 12:46 pm

Originally posted by Jim Christie:

Being a long time CDM/Fanball member, I always knew how to claim these prizes

just had to check each day TEACHER'S PET!

Jim Christie · Post by **Jim Christie** » Wed Nov 03, 2010 12:56 pm

One more point, after claiming my prize, I usually received the check within one week; that was before Fanball took over NFBC; it was QUICK

Gekko · Post by **Gekko** » Wed Nov 03, 2010 1:10 pm

Originally posted by Greg Ambrosius:

Hey Mark, STOP ALREADY!!

Geez, we're doing all we can to get this all done. We went live the first week of November as promised. Claim your prize already. Hopefully checks go out sooner than we're estimating. Geez, we're working hard and I think most people understand that. All Fanball winners can now claim their prizes and checks will start to go out as soon as we can get them started. Greg,

my posts (and most people posting about "Fanball" on these boards) are really directed toward Fanball Headquarters (HQ).

as i've repeatedly said, you, tom and geoff are fantastic. hopefully some of your good qualities will rub off on some of the fanball workers at HQ

[ November 03, 2010, 07:11 PM: Message edited by: Gekko ]

Gekko · Post by **Gekko** » Wed Nov 03, 2010 1:12 pm

Originally posted by Jim Christie:

One more point, after claiming my prize, I usually received the check within one week; that was before Fanball took over NFBC; it was QUICK Jim - why are you getting my hopes up?

DOUGHBOYS · Post by **DOUGHBOYS** » Wed Nov 03, 2010 1:24 pm

I'm still laughing over 'claiming my prizes'.

Sort of like the audience participation portion of our show.

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Nov 03, 2010 1:48 pm

Originally posted by Gekko:

quote:Originally posted by Greg Ambrosius:

Hey Mark, STOP ALREADY!!

Geez, we're doing all we can to get this all done. We went live the first week of November as promised. Claim your prize already. Hopefully checks go out sooner than we're estimating. Geez, we're working hard and I think most people understand that. All Fanball winners can now claim their prizes and checks will start to go out as soon as we can get them started. Greg,

my posts (and most people posting about "Fanball" on these boards) are really directed toward Fanball Headquarters (HQ).

as i've repeatedly said, you, tom and geoff are fantastic. hopefully some of your good qualities will rub off on some of the fanball workers at HQ [/QUOTE]Mark, Tom and I and Geoff ARE FANBALL. We're all part of the same team. And when Fanball said they were going to have the Claim Prizes link up the first week of November they came through. Again, if you didn't like that date, go off, but it's the date we stated and it's now live.

Now let us get the payments out and either praise us or kill us over that time table. But speculating how long that process is going to work is a waste of time. I think some checks will get out quicker than you think, or quicker than you are stating here. Hopefully you'll acknowledge that when your check arrives.

Thanks again to all. I think Ryan and everyone involved has done a great job getting all prize winners set up and payments ready to go. We'll hit you over the head via email going forward to claim your prizes and make sure you get paid ASAP. Then you can start thinking about 2011 NFBC.

Gekko · Post by **Gekko** » Wed Nov 03, 2010 2:44 pm

Originally posted by Greg Ambrosius:

Then you can start thinking about 2011 NFBC. now THAT'S what i want to be spending my time doing.

i already have a preliminary draft plan laid out. is it too early for that

CC's Desperados · Post by **CC's Desperados** » Wed Nov 03, 2010 2:53 pm

Originally posted by Gekko:

quote:Originally posted by Greg Ambrosius:

Then you can start thinking about 2011 NFBC. now THAT'S what i want to be spending my time doing.

i already have a preliminary draft plan laid out. is it too early for that

[/QUOTE]There's no way you get your check by Thanksgiving. So why are you wasting your time? I was kind of hoping Greg would kick it under his desk just to test your Walla Walla dead line.