Posted by Junelli 4:10 PM
I've quickly thrown together some ideas on how we would structure the WSOP Satellite tournaments. Let me know what you think. Because this blog is limited to 5 "comments," you might want to send me your comments via email.
=======================

The Waring Double Shootout Satellite

The Waring Double Shootout Satellite is a two-tiered tournament that awards a $10,000 seat for the 2005 World Series of Poker Main Event to a player who beats 18 other players (9 at the First Table and 9 more at the Final Table).

There will be 10 “First Table Tournaments” with 10 players each. Each of the winners of the 10 First Table Tournaments will play against each other in the “Final Table Tournament.” The winner of the Final Table Tournament will receive a $10,000 entry into the 2005 World Championship Event.

There will be no cash prizes awarded. The winner of the Final Table Tournament will get his/her entry fee paid for the 2005 WSOP.

The 2005 WSOP will be held June 3 – July 15. I’m not sure of the exact dates for the Main Event, but it is most likely July 9 – July 15.

Buy-In: The Buy-In for the First Table Tournaments will be $100+$15.

Here are the proposed Rules:

Players will be allowed to enter as many First Table Tournaments as they want until the win a seat into the Final Table Tournament. However, a player may only win one seat for the Final Table Tournament. Thus, if you’ve already won a seat for the Final Table Tournament, you can’t enter any subsequent First Table Tournaments.

Seats that have been won for the Final Table Tournament must be played by the player who won the First Table Tournament and cannot be transferred or assigned to anyone else.

If a player has won a seat for the Final Table Tournament, but is unable to attend, that seat will remain empty for the Final Table Tournament (however, the absent Player will still share in the percentage of any ultimate WSOP winnings (see below).

If the number of players for the First Table Tournaments is insufficient, or the tournament is otherwise unable to collect enough money to pay the entry fee into the 2005 WSOP (i.e. $10,000), the winner of the Final Table Tournament will take the entire prize pool as cash, and can elect not to play in the 2005 WSOP.

All players that participate in the Final Table Tournament will have a percentage interest in any earnings at the 2005 WSOP. So if the player who wins the Final Table Tournament, goes to the WSOP, and subsequently wins any money, 10% of those gross winnings will be taken and divided equally amongst the 9 players who played in the Final Table Tournament. For example, if Thad Davis wins the Final Table Tournament, goes to the WSOP, and wins $300,000, the 9 other players would each split $30,000, and receive $3,333.33 each.

The prize is an entry-fee into the 2005 WSOP Main Event. It is not $10,000 in cash. In other words, the winner must play in the 2005 WSOP main event, and cannot simply pocket the cash.

The WSOP entry-fee cannot be assigned or transferred to someone else. In the event the winner is unable to attend the 2005 WSOP, the WSOP entry-fee will go to the 2nd place finisher at the Final Table Tournament, and so-on. If this occurs, an additional 10% of any gross winnings will be taken off the top and paid directly to the 1st place finisher who was unable to attend the event. Of course, another 10% of the gross winnings will be distributed equally among the 8 remaining players. Yes, this means that a 2nd place finisher could go to the WSOP, win money, and have to give up 20% of it (10% to 1st place finisher, and 10% to the rest of the table), but this is still fair since the 2nd place finisher wasn’t supposed to be at the WSOP anyway.

In the event the no one plays in the 2005 WSOP (for whatever reason), the total prize pool ($10,000) will be equally divided amongst the 10 players who participated in the Final Table Tournament (i.e. $1,000 each). Any money already paid out, but not used for the WSOP shall be refunded upon demand to the tournament director for distribution to the remaining players. Should the funds be improperly withheld or not refunded in accordance with these rules, the funds will be owed by the player who retains the funds. In no instance will the tournament director be responsible for paying this debt.

All players must read, understand, and consent to be bound by these rules.

The prize will only consist of an entry into the 2005 WSOP Main Event. It will not include any funds for travel or hotel accommodations while in Vegas. Players are responsible for making their own travel arrangements to Vegas.

There will not be a direct buy-in for the final table, unless we have less than 10 players who qualified by winning a First Table Tournament. In the event we’re short a spot, a player may be allowed to buy-in to the final table for $1,000, subject to the sole discretion of the tournament director.

0 Comment(s):

Post a Comment