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Post by bomber on Jul 6, 2011 16:16:50 GMT -5
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Post by An Bradon Charters on Jul 6, 2011 16:49:37 GMT -5
Bill, Thanks for posting that. So a total of 140,000 was paid out in cash and prizes. looks like a large sum the Cold water Bonus as well as the warm water bonus and teams paid out the most cash? Correct me if I am wrong but each of those is an additional purchase to the regular registration? Also the pay out depends on how many folks enter these extras?. So in reality the people who chose these add ons are the ones that paid out? Maybe Sugarpie can shed some light on this? I believe she got 3,000 something for getting the top Salmon. I also believe she PURCHASED an extra add on and that was around 6,000.00 and was based on a percentage of what the total take was for that add on? ?? One last question. It is my belief that only the top 3 in each category are paid cash? The rest are a retail value of DONATED prizes? So how much CASH was paid out? Not values but COLD HARD CASH Excluding the add ons? One would think it would be easy for that to be listed as well? Looking forward to the answer. Capt. Tony www.anbradoncharters.com
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Post by Sugarpie (Effie) on Jul 6, 2011 18:48:46 GMT -5
The total "cold hard cash" was: $84,979. The 1st place teams all had a boat with a value of $16,900 (X's=$50,700) All of the "youth divisions" were also given "prize bags" Total value of each division $1630 (X's=$4890) Cash prizes were awarded to the top ten fish in each species. I DID purchase the extra "mystery cash" option for $5 and yes that payout is supposedly 1/3 of the amount collected from the "mystery cash" option... When asked last Wednesday by the reporter that interviewed me, the LCI said they still did not have an exact count of how many people had purchased the mystery cash option... Sooooo... How did they know how much to split three ways?
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Post by An Bradon Charters on Jul 6, 2011 18:57:27 GMT -5
The total "cold hard cash" was: $84,979. The 1st place teams all had a boat with a value of $16,900 (X's=$50,700) All of the "youth divisions" were also given "prize bags" Total value of each division $1630 (X's=$4890) Cash prizes were awarded to the top ten fish in each species. I DID purchase the extra "mystery cash" option for $5 and yes that payout is supposedly 1/3 of the amount collected from the "mystery cash" option... When asked last Wednesday by the reporter that interviewed me, the LCI said they still did not have an exact count of how many people had purchased the mystery cash option... Sooooo... How did they know how much to split three ways? Sugarpie, The number you posted $84,979.00 Is the total hard cash INCLUDING the extra buy ins? Coldwater bonus, team etc??? As to your question on what is a third? You would think they would have that answer right away as they would need it to award the prize in the first place. Capt. Tony www.anbradoncharters.com
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Post by Sugarpie (Effie) on Jul 6, 2011 19:55:04 GMT -5
So the actual cash amount NOT including the super bonus money is: $64,856.50 The total handed out for the super bonus (all three divisions) was $20,122.50 Which means that 4,024.5 (alright who was the half wit that only bought half the super bonus buy in! LOL) people purchased the extra super bonus or "mystery money" option at $5 each. So just taking it one step further, let's say that EVERYONE that entered the derby purchased that, so let's say that 4,024.5 people was the total number of derby anglers. At $35 to register (now I'm not counting any team entries in here, someone else can do that math! lol) the LCI brought in $140,857.50. So that's just registration fees. What do the sponsors give to the LCI???
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Post by fishinmachine on Jul 6, 2011 21:25:12 GMT -5
sugarpie,you are now starting to ask the questions that a lot of us have been asking for a long time.....where does all the money go?
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Post by maefly on Jul 7, 2011 7:43:37 GMT -5
When you guys are done with Ehlers direct your outrage towards FLW, ESPN, BASS, and all the countless out of state clubs that come, rape and pillage the resource under the the watchful eye and protection of our own F&W Dept., then carry all the cash out of state. I only mention this on the off chance it's not just something personal with Ehlers, and you really do care about where the money goes.
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Post by in t h e o f f i c e on Jul 7, 2011 8:30:32 GMT -5
Just an observation slightly off-topic but not really: being a little bit quick on the numbers and business sense, and without looking past threads up or doing any research:
LCI has to have some paid staff. *Assuming* that they have office expenses and *assuming* that most sponsors provide donations and not cash, the registrations themselves (on the surface anyway) don't add up to enough money to run the thing. All the other shady-sounding stuff -and the fact that probably do get some cash from sponsors- aside, LCI sounds a little bankrupt from my shoes. Which if they are *that* cash-starved might be why they "couldn't buy insurance" for a certain award as mentioned in another thread?
Seems like it would be in LCI's best interest to disclose some info in a very succinct and complete press release to answer the questions that they obviously have been getting. Even if things (at LCI) are a little shady, publishing the info and disclosing even the "embarrassing" stuff and then stating their plans for the future would probably assuage participants and insure LCIs existence in future years.
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Post by schodackbassman on Jul 7, 2011 8:39:12 GMT -5
Think there is a big difference between the tournaments that come and go over a period of one week and launch only out of one town and the LCI. Without getting into the prize money issue, I think a lot of local businesses did well because of the LCI. I know our marina and I'm sure many others saw many more customers then on a normal weekend, even more then this past 4th of July weekend. So LCI does benefit local businesses if that has any impact on folks opinion of the tournament. I don't fish it so I got no dog in this hunt but thought that fact should be considered.
Oh, BTW, thankfully, ESPN is no longer owners of B.A.S.S. and I think the new owners will address a lot of issues ESPN brought to the table.
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Post by fishinmachine on Jul 7, 2011 9:22:20 GMT -5
the FLW,BASS, and ESPN don't take your money and then claim to be doing wonderful things for the lake with that money, like the LCI does.Just out of curiosity, does anyone know what percentage of entry fee money that a FLW tournament charges to enter, goes back as prize money to the participants?and Maefly,this is not outrage,it's merely asking simple questions that we don't get answers to.
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Post by lateforsupper on Jul 7, 2011 9:26:59 GMT -5
To start with I think LCI is great for local businesses and the economy. To shed some light on the mystery fish the LCI comes to its sponsors and collects the cash for the insurance policy I don't believe they put any money in toward it.I believe they have office expenses and payroll that might be a little higher than it should be to pay out of there moneys and no one should work for nothing 140,000. cash and prizes is still a lot and someone has to spend time getting sponsors The LCI also does a lot of sportsman shows promoting Lake Champlain and its fishery so all in all the LCI does good for the lake and economy so if you choose to fish it great but if you don't then why do you care what they pay out.I agree the the mystery money this year was bullsh!t but ever body had a chance to win and the sponsors are the ones that lost out because of lack of advertising with out the gazette
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Post by sleepswithdafishes on Jul 7, 2011 9:57:52 GMT -5
Paul I think you hit it dead on!!!!! I think the Lci could save it self a lot of bs. if it would be a little more open with there accounting!! But after all this event is supposed to be fun!! But it seams any time money is involved things turn to sh!t !!! I do know Paul and his family have been sponsors for years so if anybody should feel screwed it probably should be them and the other sponsors!!! Just my 2 cents!! Sleeps
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