Prize Pool and Payouts
Currently, the yearly cost of the pool for
each
team is $125 for the season, including playoffs. The money is
managed by
the league statistician, and can be paid in whole or in 5 part
installments
from months August through December. This gives us a pool of
$1000.00 for
prize money to be divided in the following way:
Regular season
Division Winners - $150.00 each division
First Overall in The Whole League - $150.00 Bonus
Team with most points scored during the regular season - $150.00 Bonus
Total - $600.00
Super Bowl
Super Bowl Winner - $300.00
Super Bowl Runner-Up - $100.00
Total Purse - $1000.00
Weekly $5 Points Pool
From weeks 1 to 14 (13 regular season weeks and 1st round of
playoffs),
the team scoring the least amount of points in that week will pay
$5 into
the league fund. If there is a tie for the lowest points,
both teams
will pay the $5 fee accordingly. This fund will accumulate a
minimum
total of $70 by year's end, and will be allotted to the League
Account
and go towards league expenses and purchases.
League Account
To ensure the League secures team dues and other payments properly, a League Account has been created to hold this money through the year. The account will be used to store and pay out dues and winnings, but will also store funds generated by league fines, the weekly $5 points pool ($70), and interest drawn from the account through the year (approx $15-$20).
Each year - after paying website expenses of roughly $30 - the League expects to generate roughly $60-$70 of surplus. The spending of that money will be determined by an ownership vote at each season's annual draft and GM meeting in August.
Starting in 2011, the
team that volunteers to host the BPFL Entry Draft
and GM Meetings will receive a $50 subsidy from the league
account to help
cover the cost of food, supplies, etc.
Starting in 2016, if
the league suffers a financial loss in any given season, each
team shall be given a one-time assessment equivalent to 1/8 of
the amount of the loss. These assessments will be
processed at the beginning of the following season when league
dues are due.