1) Tournaments will be held the second Friday of each month and will begin at 7pm.
2) Tournaments will take place at Pat and Jana's home.
3) Beginning chip stacks will be $1500T
4) Blind levels will last 15 minutes. Blind levels are $10-20, 15-30, 20-40, 30-60, 40-80, 50-100, 75-150, 100-200, 150-300, 200-400, 300-600, 500-1000 (capped). This should make each tournament last 3-3 1/2 hours.
5) Point System. 1st-10 points, 2nd-9 pts, 3rd-8 pts, 4th-7 pts, 5th-6 pts, 6th-5 pts, 7th-4 pts, 8th-3 pts, 9th-2 pts, 10th- 1 pt.
6) If a player misses a tournament, he or she is still responsible for the entry fee for that month. The player will not be awarded any points for the missed tournament.
7) Players can be late for a tourney. However, late players must be seated at the tournament table before the third blind level ($20-40) ends or the player will not be able to join the tournament.
8) Each player's lowest two tournament scores will be dropped from his or her total at the end of the league. This allows each player to miss up to two tournaments without penalty.
9) A substitute player can play in up to two tournaments if the league player is unable to attend.
10) If a player is forced to withdraw from the league due to health issues, a replacement player will be picked by the remaining league players. If a suitable replacement cannot be located, the remaining players will increase their monthly buy-in to cover the difference. This is to keep the prize pool at $4,800.
11) The league will last 12 months, beginning in May 2016 and ending in April 2017.
12) Entry fee is $40 per tournament per player.
13) First and second place will both receive $2,400. Both players will be REQUIRED to enter one tournament at the 2016 World Series of Poker in Las Vegas. The prize money should cover round trip airfare, hotel, and entry fee. Player is responsible for any additional costs.
14) If either or both winning players cash in the WSOP Tournament they have entered, 50% of the prize money in the WSOP Tournament (after taxes) will go to the winning player and 50% will be divided between the remaining nine league players.
15) Pete will be responsible for the league's prize money.
16) If there is a tie between 2nd and 3rd place, the players have several options to settle the tie. The players can split the prize ($1140 each), play a heads up tournament to determine a winner, or negotiate a deal. If players divide the prize, both players are still REQUIRED to enter a tournament in the 2016 WSOP in Las Vegas and will be responsible for their own transportation, hotel and food. If a deal is negotiated, at least one of the players is REQUIRED to enter a tournament in the 2016 WSOP in Las Vegas and will be responsible for their own transportation, hotel and food If a heads up tournament is played, the blind levels and times will be the same as the full ring league tournaments.
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