New Castle Poker Tour 2014 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: $280 membership fee plus $480 pre-pay of Contribution to year end pot to be applied to first eight tournaments.
Regular Tournament Buy-in: $300 for members, with $60 going to year end pot, $240 for non-members with nothing going to year end pot.
Regular-Tournament Structure: Members finishing in 1st-through 10th place will be receiving points in the following manner: 13 points to 1st place, 10 to 2nd, 8 to 3rd, 6 to 4th, 4 to 5th, 3 to 6th, 2 to 7th, 1.5 to 8th, and 1 to 9th and 10th. 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 to award. Non-members finishing in a point slot will take the point slot away from a member.
Tournament Schedule: 12 games to be scheduled over the course of the next year.
Pace of Play Guidelines – no cell phones, texting, emailing, etc. while at table. 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, two best average finishers will make the TPC. 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. Each TPC player will be given 100 chips per (point total/4) rounded to nearest 50 in chips. In addition, chips will be awarded to TPC members for the following:
Knockout Chip Award – each month knockouts will be kept track of. For those qualifying for the TPC 1st, 2nd and 3rd in total knockouts over the year will get 500, 300 and 200 in extra chips.
Highest Average Finish Chip Award: 500, 300, and 200 to 1st through 3rd.
Best P&L Chip Award: 500, 300, and 200 to 1st through 3rd.
Year End Awards: Year End Awards must be used within one year of receipt or are subject to forfeiture.
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.
Regular Season Champ- Should receive five 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 the Regular Season Champ.
TPC Runner Ups – The Second place finisher at the TPC should each receive $500 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 the respective Runner-Ups.
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 % cut will be adjusted appropriately.
If the regular season point leader wins the TPC, then the Regular Season Champ award will be split up between the TPC Runner Up and the Regular Season Second Place points finisher.
Canceled 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.
Any money available after paying out awards and other league expenses will be split among winners approximately in the following manner – 40% to TPC Champ, 30% to Regular Season Champ, 15% to each Runner up.
League Commissioner has the ability to fine, change rules or dismiss 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.