lucky ball & chain
Some rules that I want to steal from the guys whose idea for the local WSOP satellite I stole in the first place. They have an actual form that the winner agrees to that allows the others at the final table to have a 'stake' in that players earnings at the WSOP.
From their rules:
a.In the event that a satellite winner cashes in his chosen WSOP event, 1% of his winnings AFTER withholding 28%, THEN deducting $20,000, will be distributed to each of the final table participants. It is realized that if a satellite is not totally full, the number of recipients may not be 9, but a lesser number.
Example 1: The satellite winner goes to the WSOP and wins $75,000.
$75,000 28% = $54,000 - $20,000 = $34,000 * .01 = $340 per finalist.
Example 1: The satellite winner goes to the WSOP and wins $25,000.
$25,000 28% = $18,000 - $20,000 = - $2,000 (Finalists receive $0)
I like this idea, and will do something similar with mine.
Start telling your friends. I still believe we're going to start in March!