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Daniel Negreanu and PokerStars Part Ways Daniel Negreanu and PokerStars Part Ways

05-26-2019 , 01:18 AM
Can confirm seeing Daniel vs Mimi Tran @ The Wynn headsup for 500K in LHE (lol those were the days!).

...the table was easy to rail, not roped off or hidden.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 06:48 AM
Quote:
Originally Posted by SimpleRick
What about dick pics? You think pokerstars care if their ambassadors blast pics of their dick on twitter?

Daniel Negreanu dick pic.
Are we talking about the tumescent lump in his swimsuit here, or is there an actual dick pick on his twitter account?

Yes, I'm ashamed to say I looked. But if all we're talking about is Daniel's Camel Toe, I doubt anyone would GAF.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 07:24 AM
I think people are wildly off what Dnegs was getting from Pokerstars. Years ago before Black Friday, he explained what his deal was with them to demonstrate how much less he took than he could have gotten from FTP because he hated Howard Lederer.

Basically, Pokerstars had three main tiers of sponsorship. At the bottom was a 100% rakeback deal that paid $35/hr for play on the site. The middle tier included paying for the buyins for tournments up to a certain amount each year. However, they had to be televised events. He was at the top tier. His limit was $400,000 and he could use it for televised or non-televised events. It was a freeroll, since he would keep any winnings. However if he didn't win, he didn't get any extra money.

If Pokerstars wanted him for marketing, they would pay his expenses, but not for his time. Same thing for tournaments where he wasn't ordinarily planning to go. Fossilman has described filling out an expense report and getting reinbursed on his deal.

I find it hard to believe that after Black Friday when Pokerstars was getting rid of a lot of their pros that they would have vastly increased his compensation. I suspect that he over the years inflated the figures he told to others for his own purposes.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 08:56 AM
Quote:
Originally Posted by venice10
I think people are wildly off what Dnegs was getting from Pokerstars. Years ago before Black Friday, he explained what his deal was with them to demonstrate how much less he took than he could have gotten from FTP because he hated Howard Lederer.

Basically, Pokerstars had three main tiers of sponsorship. At the bottom was a 100% rakeback deal that paid $35/hr for play on the site. The middle tier included paying for the buyins for tournments up to a certain amount each year. However, they had to be televised events. He was at the top tier. His limit was $400,000 and he could use it for televised or non-televised events. It was a freeroll, since he would keep any winnings. However if he didn't win, he didn't get any extra money.

If Pokerstars wanted him for marketing, they would pay his expenses, but not for his time. Same thing for tournaments where he wasn't ordinarily planning to go. Fossilman has described filling out an expense report and getting reinbursed on his deal.

I find it hard to believe that after Black Friday when Pokerstars was getting rid of a lot of their pros that they would have vastly increased his compensation. I suspect that he over the years inflated the figures he told to others for his own purposes.
I think most people are pulling the figures from what Koon said on the Joey podcast. He did seem to know exactly how much Ike was getting when he left so I presume he isn't just pulling the figures completely out of the air.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 09:11 AM
Quote:
Originally Posted by venice10
I think people are wildly off what Dnegs was getting from Pokerstars. Years ago before Black Friday, he explained what his deal was with them to demonstrate how much less he took than he could have gotten from FTP because he hated Howard Lederer.

Basically, Pokerstars had three main tiers of sponsorship. At the bottom was a 100% rakeback deal that paid $35/hr for play on the site. The middle tier included paying for the buyins for tournments up to a certain amount each year. However, they had to be televised events. He was at the top tier. His limit was $400,000 and he could use it for televised or non-televised events. It was a freeroll, since he would keep any winnings. However if he didn't win, he didn't get any extra money.

If Pokerstars wanted him for marketing, they would pay his expenses, but not for his time. Same thing for tournaments where he wasn't ordinarily planning to go. Fossilman has described filling out an expense report and getting reinbursed on his deal.

I find it hard to believe that after Black Friday when Pokerstars was getting rid of a lot of their pros that they would have vastly increased his compensation. I suspect that he over the years inflated the figures he told to others for his own purposes.
Negreanu did tons of promotional work for PStars. He was their television face, their print media face, and their main legislative lobbying face. It would be unlikely if he were compensated less than $500K annually, in my opinion.

And while he may have taken a deal that paid less than what the FTP main team received, they were each pulling something on the order of $9 million a year out of the company, from what I've read. So JKoon's information on Daniel's compensation would be fully consistent with that.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 09:47 AM
You realize that at 1 million per month he'd be earning more (in base salary) than most footballers that are known by hundreds of millions of fans around the world? Even 4 million per year is absurdly high.

Poker is a dying game. The big names of full tilt during the peak of popularity didnt make close to those numbers.

~1-2 million per year and x amount of tournament buyins is a reasonable guess.

(what a boring discussion. lets get back to dickpics and narcissistic rants from the dnegs)
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 12:44 PM
Quote:
Originally Posted by Wildspoke
This is such a lie.

Anyone that has been paying attention will realize that this has nothing to with DN and everything to do with economics. Over the last year, PS has been jettisoning their NA pros. From Selbst to Mercier to Nanonoko to Greenstein.

As soon as Sommerville and Moneymaker's contracts are up they will be probably be gone too. Until online poker returns to the US they have little need to carry pros that add little value to the brand.
Nope. Of course money was likely a factor but it's his constant twitter nonsense that sealed the deal.

Sommerville and Moneymaker are locks to stay. Moneymaker's contract is one of the smallest in the stable anyway.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 01:01 PM
Stars was only holding on to him in hopes that US would legalize online poker again.

I think this is a clear sign that Stars doesn’t see that happening for a long time.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 01:09 PM
Quote:
Originally Posted by venice10
Basically, Pokerstars had three main tiers of sponsorship. At the bottom was a 100% rakeback deal that paid $35/hr for play on the site. The middle tier included paying for the buyins for tournments up to a certain amount each year. However, they had to be televised events. He was at the top tier. His limit was $400,000 and he could use it for televised or non-televised events. It was a freeroll, since he would keep any winnings. However if he didn't win, he didn't get any extra money.
The rakeback and $35 hourly was FTP's compensation model for pros, not Stars.

The rest of your post doesn't sound much more accurate either.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 03:02 PM
in before daniel goes broke.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 04:23 PM
Quote:
Originally Posted by kingofcool
You realize that at 1 million per month he'd be earning more (in base salary) than most footballers that are known by hundreds of millions of fans around the world? Even 4 million per year is absurdly high.

Poker is a dying game. The big names of full tilt during the peak of popularity didnt make close to those numbers.
This isn't correct. After Full Tilt went belly up, a number of legal documents became public that demonstrated their top level pros were taking enormous sums out of the company. For instance, during divorce proceedings it was revealed that Ivey was being paid about $900,000 a month, according to Pokernews:
https://www.pokernews.com/news/2012/...ware-11720.htm

So if Negreanu was pulling down the $4 million figure quoted earlier, it would indeed be far less than what the top level Full Tilt pros were making/stealing.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 04:39 PM
Quote:
Originally Posted by namisgr11
This isn't correct. After Full Tilt went belly up, a number of legal documents became public that demonstrated their top level pros were taking enormous sums out of the company. For instance, during divorce proceedings it was revealed that Ivey was being paid about $900,000 a month, according to Pokernews:
https://www.pokernews.com/news/2012/...ware-11720.htm

So if Negreanu was pulling down the $4 million figure quoted earlier, it would indeed be far less than what the top level Full Tilt pros were making/stealing.
Ivey had a large stake in the company. It is not the same as for most the other pros. His status is on par with being an owner. While Negreanu probably does have a very small piece of stars, it is not close to being comparable.

Find numbers for Lindgren, Matusow and the likes. Not Lederer, Ferguson or Ivey. (the former were all in debt to the company, suggesting they were not close to clearing 1 million per month)
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 04:39 PM
Wasn't Ivey a shareholder tho? I think that was a partnership with Ivey and not sponsorship. There was team Full Tilt (part owners) and then Full Tilt friends that were sponsored pros. Big difference and can't be compared to Daniel's deal.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 06:43 PM
Quote:
Originally Posted by venice10
I think people are wildly off what Dnegs was getting from Pokerstars. Years ago before Black Friday, he explained what his deal was with them to demonstrate how much less he took than he could have gotten from FTP because he hated Howard Lederer.

Basically, Pokerstars had three main tiers of sponsorship. At the bottom was a 100% rakeback deal that paid $35/hr for play on the site. The middle tier included paying for the buyins for tournments up to a certain amount each year. However, they had to be televised events. He was at the top tier. His limit was $400,000 and he could use it for televised or non-televised events. It was a freeroll, since he would keep any winnings. However if he didn't win, he didn't get any extra money.

If Pokerstars wanted him for marketing, they would pay his expenses, but not for his time. Same thing for tournaments where he wasn't ordinarily planning to go. Fossilman has described filling out an expense report and getting reinbursed on his deal.

I find it hard to believe that after Black Friday when Pokerstars was getting rid of a lot of their pros that they would have vastly increased his compensation. I suspect that he over the years inflated the figures he told to others for his own purposes.
lol this is completely and utterly wrong. The "bottom tier" you wrote about is the old FTP red pro deal. Stars were and are completely different in the way they structure their sponsorship deals, and Daniel earned more than any other pro. And rightfully so.

What most people misunderstand about these sponsorship deals is that they're not just about acquisitions. In many markets they sign players/celebs that will add legitimacy to their brand, and lots of pros are well connected in their specific markets and assist Stars with various business and political/lobbying deals.

It's very likely that Daniel's contract was up and Stars decided not to re-sign him. Who knows what their reasoning is, but I highly, highly doubt it's to do with his Twitter usage/rants. More likely is that they wanted him to re-sign for a reduced amount and he said no. This wouldn't be the first time it's happened with a Stars pro. Sign of the times, I guess.
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 08:45 PM
Nice one, and congrats to Skjervoy for winning the 5.2k PLO tourney
Obviously PS wanted to decreased the rake so he left LUL, more rake is better...

Also Barry was talking about parting ways in Joey Podcast, so I am wondering who else is no longer part of PS team?
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 09:17 PM
JFC what a complete joke this site is.. it just gets worse by the day, this will be the final nail in the coffin for these greedy idiots who have no respect for players and the game. DN had the ability to pull in and keep the recs coming into the game... oh well Darwin gotta do his thing I guess
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 10:06 PM
Quote:
Originally Posted by kingofcool
They didnt renew his contract because he wasnt worth what they were paying him (anymore, possibly ever).
Quote:
Originally Posted by AKyouwin
Nope. Of course money was likely a factor but it's his constant twitter nonsense that sealed the deal.

Sommerville and Moneymaker are locks to stay. Moneymaker's contract is one of the smallest in the stable anyway.
What bull****, no one at stars cares about the insignificant **** on twitter, this 100% a financial decision by stars

Quote:
Originally Posted by torontotablecpt
What changed? What is he missing now?
hmm, what has changed in online poker in the x number of years since he signed his last contract....?

Great point, basically nothing, I am sure the value proposition for stars is exactly the same now as it was then
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 10:14 PM
Quote:
Originally Posted by PLIKITYPLAK
Unfortunately yes, because now he feels the need to be very vocal about U.S. politics.
Quote:
Originally Posted by namisgr11
If you don't like what he has to say, why do you follow and pay any attention to it?
Quote:
Originally Posted by PLIKITYPLAK
I don't
Well then how do you know that "he feels the need to be very vocal about U.S. politics" ?


Quote:
Originally Posted by PLIKITYPLAK
Quote:
Originally Posted by that_pope
Sure he does. He seeks and relishes approval, just like Trump.
awe man, sick burn! And topical too!
not really a burn, seems to have pushed your buttons though
Daniel Negreanu and PokerStars Part Ways Quote
05-26-2019 , 11:12 PM
Quote:
Originally Posted by Stupor
Well then how do you know that "he feels the need to be very vocal about U.S. politics" ?




not really a burn, seems to have pushed your buttons though
Cool research bro, but I already anticipated this predictable follow up even as I posted my responses (yeah, I am a few levels up on you).

I know because I used to be a DNEGs fan and follow his Twitter. I stopped once his feed became nothing more then political nonsense. He didn't push any buttons, I just can only stand a certain amount of ignorance.

Please let me know if you have any more questions.
Daniel Negreanu and PokerStars Part Ways Quote
05-28-2019 , 01:12 PM
I remember reading that Howard Lederer said that there's only two more players they want on team Full Tilt, Doyle and DN. But he said Doyle has Doyles room and DN has a good deal with stars.

Maybe he was being paid more than what FT were willing to pay or maybe after reading what Venice10 posted he didn't want to sign because of Lederer.
Daniel Negreanu and PokerStars Part Ways Quote
05-28-2019 , 01:35 PM
Daniel likes to be the big fish (not in a poker sense Daniel Negreanu and PokerStars Part Ways). At FTP there were already several major celebrities that were owners. He would not have fit in and he would not have been the big fish.

I highly doubt he would have comfortable reporting to Lederer and Bitar.
Daniel Negreanu and PokerStars Part Ways Quote
05-28-2019 , 08:52 PM
guys, stop pointing out it was his dislike of trump and veganism rants... dude did blackface and pokerstars was cool with it

repeat, dude did black face... pokerstars was ok with it...

this was a business decision only
Daniel Negreanu and PokerStars Part Ways Quote
05-29-2019 , 08:44 AM
Quote:
Originally Posted by rickroll
guys, stop pointing out it was his dislike of trump and veganism rants... dude did blackface and pokerstars was cool with it

repeat, dude did black face... pokerstars was ok with it...

this was a business decision only
From what I remember, the blackface thing was before he joined Stars.
Daniel Negreanu and PokerStars Part Ways Quote
05-29-2019 , 12:08 PM
That's what I remember also.
Daniel Negreanu and PokerStars Part Ways Quote

      
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