Looking for other ideas on ways to structure payout for a league of mine next year. I have my ideas, but was curious to see how others did it. Not really a high dollar league, so I can't spread the wealth much.
What do you guys ise?
Thanks in advance.
I've been in as many as five money leagues and I think there are two best practices you should strive for:
[*]League Champ takes home at least 50-60% of the total prize money
[*]3rd Place should recoup their entry fee
There are infinite number of possibilities beyond that concerning transaction costs or keeping owners interested by giving out weekly bonus money or having a toilet bowl tourney, et al. Do whatever you think makes it fun. At the end of the day, the most important criteria are how much the champ wins and how many teams make their money back. The former is personal preference, the latter can't be more than 3 or 4, else you eat into the winners incentive.