[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

BGonline.org Forums

What is the Fair Settlement here?

Posted By: Rich Munitz
Date: Wednesday, 25 November 2009, at 8:40 p.m.

In Response To: What is the Fair Settlement here? (Charlie Raichle)

The math presented by the others is correct. But there is the value to you of being able to leave early and you are willing to pay a premium for that.

Since you agreed to take $200 of a guaranteed $470 Second Place finish, you both at that point felt that a 42.5%/57.5% split of winnings was fair (rather than 50/50).

The final was worth an additional $630 to the winner. Had you made the same unequal split on this money, you would have received an additional $268. So the agreed $250 was an even more lopsided split in favor of the other guy. But it is clear that if the semifinal split was considered fair by the other guy, that he must also agree that the agreed finals split is fair.

Perhaps he is a much stronger player and somebody pointed out that he should have asked for odds on that basis? Maybe. But an agreement is an agreement and the time to negotiate is at the beginning, not after the fact.

Also, I agree with the others that it is unacceptable to enter such an agreement without the director's consent, as the arrangement violates US tournament rules. Not only are there other stakeholders left in the event and Calcutta owners, but if this is an ABT event, there are also ABT points at stake to the winners which makes every player in the country a potential stakeholder.

Messages In This Thread

 

Post Response
Your Name:
Your E-Mail Address:
Subject:
Message:

If necessary, enter your password below:

Password:
 

 

[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

BGonline.org Forums is maintained by Stick with WebBBS 5.12.