First Game Invite and Term Sheet- September 18th.

First some membership news.  We lost my friend Jay as a member, not a shock as he only came 6 times.  Sadly,  Mr. Baines decided not to re-up as well.  In a nutshell, not a big fan of tournament formats and doesn’t want to travel far to be sent home early.  I am sure we will see both as a guest from time to time.

Replacing Jay and Steven, will be none other than regular guest Jay “Whoa or Wow” Wolin, and cash game guru Steven Silverman.  Welcome to the Jungle boys.

The temporary schedule is now sacrosanct and is the following:

First game will be 9/18 and it will be our standard multi-table sit and go.  Buy in will be $300, with one rebuy allowed over first two blind levels.  Members will need to bring at least $820 for this first game – $300 for buy in, and $520 for membership fees.  Shotgun start time 730 at Trump.  I will be responsible for first snack.

Rest of schedule will remain as follows:

10/16, 11/6, 12/4, 1/8, 1/29, 2/26, 3/19, 4/9, 4/30, 5/21, 6/11 with TPC on or about 6/25.  Snow day will be 5/14.

League Term Sheet below, please read and reply with your acceptance of terms and whether you will not be attending first game.   The Term Sheet spells a lot out, but also leaves a few things still under my control to be determined as I am still working on some details.  You will need to trust me.

Here are the important new issues:

Membership Fees – $200 membership, plus $40 additional per game charge.   Each member required to prepay first 8 games, or $320, for a total of $320.

League Game Structure:

Four Games of Multi-Table Sit and Go – $300 buy in, one rebuy allowed over first two blind levels.  Assuming 27 players, will pay out top 5, with top 10 receiving points.

Four Games of Single Table Sit and Go – $300 buy in, one rebuy allowed over first three blind levels.  Top three at each table will receive prizes and points.

Four Games of Cash Tournament –  $300 buy, $1/2 blinds, $600 total add-ons/rebuys allowed.  Top 10 most profitable will receive points.

Points available are approximately the same for each format; only their distribution varies.  Top 10 point holders on the Year will play in TPC for Grand Prize, which will have terms of acceptance similar to past years.

New Castle Poker Tour 2015 Term Sheet

League Size:    Limited to 28 members.

Membership Privileges:  Only members can qualify for year-end TPC and can share in the winnings of the League Champs. In addition, all members have first right of refusal for monthly tournaments for a period of up to one week prior to a schedule game.

Membership Fee:  $200 membership fee plus $320 pre-pay of Contribution to year end pot to be applied to first eight tournaments.

League Structure:  Twelve games divided as follows:

Four Games of Multi-Table Sit and Go (“Multi-Table”)– $300 buy in, one rebuy allowed over first two blind levels.  Assuming 27 players, will pay out top 5, with top 10 receiving points.

Four Games of Single Table Sit and Go (“Single Table”)- $300 buy in, one rebuy allowed over first three blind levels.  Top three at each table will receive prizes and points.

Four Games of Cash Tournament (“Cash”) –  $300 buy, $1/2 blinds, $600 total add-ons/rebuys allowed.  Top 10 most profitable will receive points.

Points in each game will be awarded as follows:

Multi-Table Points – Members finishing in 1st-through 10th place will be receiving points in the following manner:  13 points to 1st place, then 10 to 2nd, followed by 8, 7, 6, 5, 4, 3, 2, and 1.  Each place point will be  multiplied by the square root of number of players at the tournament –so tournaments with more players have more points available.

Single Table Points: Top three will be receiving points as follows, 14th to 1st, followed by 11 to 2nd and 9 to third. Each place point will be multiplied by the square root of number of players at each table.

Cash Points: Members finishing in 1st-through 10th place will be receiving points in the following manner:  11 points to 1st place, then 10 to 2nd, followed by 9, 8, 6, 5, 4, 3, 2, and 1.  Each place point will be  multiplied by the square root of number of players at the tournament

Non-members finishing in a point slot will take the point slot away from a member.

Pace of Play Guidelines –Unless doing hosting responsibilities, if not in your seat at time of play, hand will be folded.   At all times, players should be cognizant of the pace of play, and to keep the game going.  Penalties can be imposed on any player for not abiding by Pace of Play Guidelines.

TPC Qualification:  Top 10 point holders from regular season will qualify for TPC.  If there is a two-way tie for 10th place, TPC will be expanded to 11.  More than a two place tie will be determined by a coin toss.  If a member cannot make TPC, next place finisher in league qualifies for TPC.

Tournament of Champions Format (TPC):  For those who qualify for TPC, their regular season point totals will be converted to chips and our TPC Champion will be that tournament winner.  Points will be converted into chip totals in a manner determined by Commissioner, and will reflect regular seat point total rankings. Chips may be added for Kills, Average Finish, and Profitability, but those will be determined by Commissioner over course of the year.

TPC Champ – Should receive ten thousand dollars, which they must use to buy into a tournament at casino of their choosing. Anything they win in that tournament will be shared with league membership as follows: 30% of the first $200 thousand dollars in prize money and 20% percent on incremental prize amounts above $200 thousand dollars will be shared with the League.  Any amounts received by League will be split equally among league members not inclusive of Champ.   This award should be used in approximately one year from receipt or will be returned to League at request of Commissioner.

Additional League Prizes- Any prize to be awarded other than to TPC champ will be determined over the course of the year by Commissioner.

Members can receive multiple awards and all terms of each award are additive; but no one member can receive more than the TPC Award.  If Awards are used towards higher buy-in tournaments (i.e. Member provides own money towards tournament), the league membership percentage cut will be adjusted appropriately.

Cancelled Games – games that are canceled due to weather or force majeure will be re-scheduled on a best efforts basis by league commissioners.  Re-schedule games require the presence of 14 members to qualify as a normal league game.

League Commissioner has the ability to change all terms and modify rules continued herein for the betterment of the League, and has the right of fining or dismissing members for behavior not favorable to promoting an enjoyable playing atmosphere.

By joining the league, you agree to all terms and conditions stated herewith, and you also agree that all League matters or conflicts to be adjudicated by league commissioner.

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