I don't understand this type of stuff. Or better worded, I don't understand why people are so worried about how much is paid out.
I'm looking to form a club here in Erie, PA and I'd envision hosting tournaments where the average entry fee is about $15 ($20 to non-members, $10 to members) and we might get 30 people. That's $450.
$100 for first place.
$75 for second.
$50 for third.
$25 for fourth.
Players can add cash for an ace pot or a CTP.
The $200 left over goes to the club to help pay for tee pads, signs, etc.
Why should anything close to 100% of the money be paid back out? That's not a tournament - that's just people throwing money in a pot and divvying it up amongst themselves.
It was said in another thread (or maybe this one) that people seem to place $0 of value on playing in "a tournament" in and of itself.
Last edited by iacas; 11-14-2012 at 08:26 PM.