TL;DR: Setting up a WSOP-C ME Tournament League. Have an initial set-up for prize money distribution but am looking for opinions on variation. Didn't figure it was worth a separate thread since it's just general brain storming stuff.
After a disappointing response to the idea of a WSOP tournament league (to give away a seat to a WSOP non-ME tournament), the advent of a WSOP-C event in Cherokee (about 3 hours away) provided another opportunity (as I'd had a few people express an interest in doing one for a circuit event but not the WSOP itself).
Right now, I have 9 definites (including myself) and about 6 'maybes' (generally "check with the wife/timing/etc hold-offs). Given that it's not set to start until November, it's likely we could see two full tables and give away two seats to the Cherokee WSOP-C ME.
For those who don't check the Looking for Games in Atlanta thread, here is the proposed set-up:
5 monthly tournaments for a $120 buy-in. $60 of it goes to the prize pool for the tournament that night, $40 goes to the tournament points leader prize (the C-ME seat), and $20 goes to the consolation tournament. All the tournaments are going to be T10000 in chips with 25 minute blinds starting at 25/50 (total structure puts time at between 6-7 hours to finish the tournament at the longest).
As currently proposed, for 10 players, you have the following breakdown:
$2000 to the points leader for the WSOP-C ME buy-in ($1675) plus traveling money ($325).
$600 for each monthly tournament for the prize pool (paying out $300/$180/$120).
$1000 for the consolation tournament (for those who don't win the seat, paying out $500/$300/$200).
One of the maybes has suggested doing away with the consolation tournament and lowering the monthly tournament payout to be able to give away two seats to the ME per 10 players. My primary concern with that idea is players losing interest toward the end if they're out of the running for one of the ME seats. Even with a gentlemens' agreement that you're going to pay for all the tournaments, I have no way to enforce it other than Wheaton's Law.
So thoughts on prize money distribution? Structure? Etc?
I ordered the tournament chips this morning, going with some lower end but not complete crap chips that are only for tournaments. With what I ordered, I could conceivably run this for up to 40 players (though where I'd find the space for that, I have no idea--even if we get 20, it's going to be pushing it).