Rules are in this google doc
https://drive.google.com/file/d/0B_I6Echm3x62dWVQUWgzRVZuNnM/preview?pli=1
1) League Fees & Prize Money
a) The league fees will be $500 a year. 100% of year 1 fees and 50% of year 2 fees will
be required when league forms.
b) Upon requesting a franchise, $250 as a down payment is needed book your spot,
this is non-refundable if you drop out of the league (unless you have already someone
else to replace you). This down payment into leaguesafe is required in before the
commissioner will grant ownership. The remaining $500 will be required before the
league is opened for trading and draft pick allocation etc.
c) After the first season, fees will be due on March 1st each year as defined in the league
calendar. These fees will include payment for ½ of the next seasons fees.
For example:
Year 1: $750 ($500 for season 1 and 50% of season 2)
Year 2: $500 (50% of season 2 and 50% of season 3)
Year 3: $500 (50% of season 3 and 50% of season 4)
d) 100% of fees (minus cost of myfantasyleague.com) will be paid out.
e) Failure to meet the payment deadline will result in a new owner being sought. Any
concerns about not being able to meet the payment deadline should be communicated to
the league commissioner ASAP.
f) 25% of Prize Pool. Year 1-4, will be held over to create a "Super Pool" in year 5, at
which point, the prize pool will be more than double the previous year's 1-4 payouts.
This creates a strong incentive for teams to build for now and for the future. It also
creates another incentive for people to stay for full 5 years as they are forgoing paid
money not to mention the chance at the Super Pool. This concept makes attracting new
owners to the league much easier for abandoned teams. The 25% prize pool concept is
ongoing meaning that in Years 6-9, 25% is held again for the Year 10 Super Pool and so
on. The prize pool is estimated to be $16,000 in year 5!
g) Any team making the playoffs will automatically earn a prize. The four final teams
(conference championship participants) will also earn further prizes based on their
playoff results. Lastly, the team that was the highest total point scorer from weeks 1-16,
regardless of their participation or standing in the playoffs, is also rewarded.
h) The following percentages for the eligible prize pool each year, less MFL league site
fees, are paid out after the aggregate super pool funds (above) are withheld:
Super Bowl Winner = 26%
Super Bowl Runner Up = 18%
Conference Championship Losers = 8% x 2 teams = 16%
Playoff 2nd Rd losers = 6% x 4 teams = 24%
Playoff 1st
Rd losers = 3.5% x 4 teams = 14%
Highest Point Scorer = 2%
