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<h2>Just like in "Highlander", there can ONLY one. If the winner of the 2008 WSOP also happened to earn their way in through FTP, then they become eligible for $10 Million buckaroos.... but, as sweet as that sounds, he or she is basically gonna have to sign off on everything except their left teabag, or milkshake maker, for the next 10 years... INCLUDING UNRELATED ENDORSEMENTS.
</h2><h2>"Full Tilt Poker retains final approval rights in regard to any other endorsements the Player may be interested in pursuing, and will not unreasonably withhold such permission."</h2><h2>No, it doesn't literally say you can't endorse anything else, but the wording - "will not unreasonably withhold" is vague enough that they could deny you even endorsing something like a poker book written by a friend of a friend of a friend of a rival site, claiming their wittholding is not unreasonable. If you disagreed, you'd have to take it up in court and not without the risk of losing.
</h2><h2>So yeah, $10,000,000 is a lot of money, but parceling it out over a 10-yr period ($1M/yr), while you're Full Tilt's garment-wearing, seminar attending, 10-hr/wk playing, endorsement-boy-like, hostage-monkey, still only comes to like $66k per year after taxes.
</h2><h2>Now, before I ask you the ultimate question, I want to point out that I do understand $66k/yr is more money than most of you grinders have seen in the last 10 years. And it would probably be sufficient to help you live out all your current dreams at your current level of play. Even some of you mid-to-above-avg players would find $66k/yr enough of a bankroll to cover you in the quest for countless more, huge online scores.</h2><h2>So here's my question: After looking over all the requirements below and realizing that winning the 2008 Main Event through an FTP-earned entry basically sets you up for the uber-ass-r**ing of your lifetime for the next 10 years....</h2><h2>WOULD YOU STILL DO IT?
AND, IF SO, WHY?
</h2><h2>3. FULL TILT POKER'S $10 MILLION MAIN EVENT MANIA</h2>
All players who earn an entry into the Main Event through Full TiltPoker will be eligible to collect $10,000,000 should they win thetournament.
If a Player reaches the final table of the Main Event, but does notfinish in first place, Full Tilt Poker will provide them with aone-time cash payment of $50,000; provided, however, that the playerwears the Full Tilt Gear whenever possible during the Main Event,including when playing at non-televised tables, and during any and allinterviews. If a player finishes in either second or third position atthe Main Event, Full Tilt Poker will provide them with a one-time cashpayment of $100,000; provided, however, that the player wears the FullTilt Gear whenever possible during the Main Event, including whenplaying at non-televised tables, and during any and all interviews. Aplayer who collects either $50,000 or $100,000 from Full Tilt Pokerwill not be required to fulfill any future promotional obligations onbehalf of Full Tilt Poker.
Full Tilt Poker will pay out the $10,000,000 prize in equal$1,000,000 installments over a 10-year period. Players must agree to a10-year exclusive endorsement contract with Full Tilt Poker allowing usto use their name, voice, and likeness in all future online and offlinepromotions. Additionally, Player agrees to play a minimum of 10 hoursper week at Full Tilt Poker.com, and to attend any promotional eventsor tournaments that Full Tilt Poker deems appropriate. Player will beineligible to promote any other online or offline poker-related company.
Additionally, Player must agree to only wear Full Tilt Poker gear atthe Main Event whenever possible, including when playing atnon-televised tables, and during any and all televised interviews, andat all future tournaments and professional poker-related appearancesthroughout the duration of this agreement, where allowed by the eventorganizer. Player must also agree to star in 3 bestiality films per month for either the full 10 years or until their body gives in, whichever comes first.
Full Tilt Poker retains final approval rights in regard to any otherendorsements the Player may be interested in pursuing, and will notunreasonably withhold such permission. -
they offer a possible absurd promotion, but they retain the rigth not to make it as absurd as they're advertising cause they may not want to get involved too deep involved if the guys not a good move for the site, (ie gold lawsuits etc)
this isnt some small copout, they're just protecting themselves---sites are more than willing to market a good player to market as far as much as they can, but they're not trying to hurt their own image, whcih is understandable. -
Go to bed.
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I'd like to know how you think 93% of the $1M per year would be taxed.
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^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ ^^^^^^^^^^^
I would like to know who would pass up the opportunity to get 10 mil. doing soemthing they like. -
see below
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That was a typo... a pretty serious one, but it doesn't change anything.
Read my reply to my post just below for another angle. -
Grrrr, why is it saying my post is too wide when trying to reply to porter's post?
Anyway, my reply:
Upon winning the main event for probably at least $6M it is totally understandable for someone to be content to just fade into the background and live their life outside the spotlight. -
Ok, there was a typo in the original post ($66k/yr should have read $660k/yr) but it doesn't change the question. Here's my reply to someone else wondering why a person wouldn't take the $10M offer:
"That's what I'm wondering... are there people who like poker enough to be FTPs bitch for the next 10 years? After all, a main event win is going to be $7M-$12M... with that kind of money, someone could start their own poker-related business rather than having to run around wearing Full Tilt gear at all kinds of functions for the next 10 years.
10 years is a long time to be someone's biatch when you just won $8mil free and clear... -
Randinho, it's not YOUR reply that's causing the "post to wide" warning. It's because the person to whom you are replying did something to their post that SOMEHOW makes the forum software thing YOUR post is too wide.
Anyways, thank you, I really don't know yet if your answer is serious but that's why I ask... not everyone wants to be on someone else's leash for 10 years, even at $660k/yr when they just won like $8M and can go start their own poker-related business.
THAT is what FULL-TILT is ultimately trying to do, in my eyes, buy up the potential competition... from either the winner going to work for a competitor, or for a winner to start their own competitive business. -
I figured you would resort to faulty-logic.
You can't magically take taxes out of one number, but not another. You are trying to make the FTP offer look small.
If you say "you just won $8M from a tournament", then you have to say that the FTP deal is 1M/year. If you say the FTP deal is 660k a year, then you have to say that you won 5.28M from the tournament. -
You bring up totally valid points, and I would think there are a lot of people who would be content with just taking their 1st place money and leave it at that. It depends on your perception, really.
Personally, I don't think it's that steep a price to pay for an extra $10 million. I doubt you would be required to travel as much as you might think. Aussie Millions and WSOP immediately come to mind as probable requirements, but what else? 10 hours a week online is nothing. If you're making $1M a year endorsing full tilt why would you be concerned about other endorsements? Seriously. IMO it's a small price to pay to be financially set for life (moreso than winning the event alone) and would be an enjoyable experience. If that's not your cup of tea, then don't do it. -
Give the computer a rest... there's no faulty logic here. Your brain just seems incapable of abstract reasoning... at least on a scale greater than the average.
What does it matter?
If you net $5.8M from winning a main event, are you going to want to be Full Tilt's total biatch for the next 10 years for a net of $660k a year or not? If you're having trouble answering that question then bring along a friend next time. -
What animals do they intend using in the 3 monthly films?
That could be the sweetener for me. Fcuk the $660k a year! -
lol delighted to discover someone who doesn't have ADD these days... good catch! Not sure which animals yet but I'm willing to bet there'll be a horse or an elephant in the wings.
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Some people are, SURPRISE!, enterprising and might want to start their own business, or get involved in some other kind of business venture without having to go to Full Tilt for approval on everything. FTP says they won't be unreasonable but that only sounds good WHEN YOU'RE POOR. When you actually HAVE money, <span>it's going to sound like you have a SIAMESE TWIN who gets to call all the shots!</span>
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Hi Randinho, first, thanks for your genuine response. Secondly, I suspected, in advance, that your reasoning would probably be what most people would think except they might express it a little less eloquently than you.
My perception comes from having worked in a family business for much of my life for which just one division was sold for over $10M.... so, being around big business, even in more ways than just that, I have the experience to anticipate the unexpected since it happens quite often.
When a person is grinding away, playing for that big win, an extra $660k/yr on top of a big win for like $5.8M (thx Gamble ;-) ) to $10M is going to seem like MORE frosting on the cake. But MORE frosting isn't always a good thing because there are consequences, seen and unseen.
So I ask the question as maybe there are a small percentage of people on here who really do want to start their own business or just BE THEIR OWN PERSON ... maybe they want to start a business in 6 years... but they sold their soul for 10... lol
Anyways, I'm not asking for advice on whether or not I should take it. I'm asking why or why not others would or wouldn't take it an expecting that most not only would but that they would think it was pure madness to NOT take it.
Thanks again,
Sam -
You can do what you'd like, so long as it doesn't promote another poker site.
I'm sorry if you don't think that getting paid 1M/year to promote a poker site is worth it, but don't try to make it out like it's some sort of a scam. Do you feel that every pro athlete that signs a multi-year deal with a sports team is that teams bitch? -
Oh the irony...
You just did what you asked me not to do. I didn't say FTP's offer was a SCAM. I described it in terms of an ass-r**ing. That's quite different. The former is an outright attempt to deceive while the latter is just really really painful.
I even pointed out the very specific line where it says they get to decide what you can and can't endorse for 10 years at their discretion.
I'm not even saying it's truly a bad deal... but if you would sell your freedom for 10 years for 660k/yr then you don't really value your time and potential much because any savvy person who just won $10M (or $5.8M net if you prefer), should be able to turn it into WAY more than 660k/yr while having to do FAR less than running around like a pack mule at Full Tilt's beck and call.
So I'm just asking who would go the pack mule route, who wouldn't, and why?
Thanks. -
Again, you can do whatever you'd like so long as it isn't promoting another poker site.
If you think there is some sort of magical market where poker players are getting paid 7 figures, then more power to you. I can tell you for a fact that there is not.
I'm still wondering if you feel that people signing multi-year deals in other walks of life are getting "ass-r**ed"? -
Where in that contract does it say someone can't start their own business?
And how would receiving an extra $660k/year on top of a $5.8M cash have any detrimental effect on a person's life? If there are going to be any consequences on a person's life because of wealth, I'm sure $5.8M would do it to them, and $660k/year wouldn't add any additional negative consequences, seen or unseen.
Also, where in that contract does it say they can't "BE THEIR OWN PERSON"? I see that it says you can't promote another poker site, but surely I could still be myself if I won the main event and took their $10M bonus.
If not promoting another site is really worth $10,000,000 to you, then by all means waste that $10M by not signing FT's contract. But Christ, that might be one of the dumbest things I've heard.
Oh, and the wording "will not unreasonably withhold" clearly states that they will not use these terms on something completely unreasonable, like starting a business (to use your example). I don't see much vague terminology in there -- seems like common TOS verbiage to me. -
I agree with what you say here, save one point. I think you can be your own person. Representing a poker site when you're at a poker relation function/poker event doesn't make you anyone but you. You wear the gear and probably have plenty of good things to say about a site that is paying you $1M a year. You're still your own person though. Look at all the pros across various sites. They aren't all carbon copies of each other. They have their own personalities. Sure, you have your obligations, but who doesn't? Instead of working 9-5 five days a week like other people you have to be present for various events around the world. I still think that the required minimum travel schedule would not be devastating to one's life.
I would probably take the deal, but I would have to know the details of my appearance requirements before diving into it. In ten years I'll be 35 and would like to settle down and start a family before then. If the travel is family friendly as I suspect it is, I would definitely do it. That's the deciding factor for me. -
So what your saying is they should have language that states they will give the winner 1 million bucks a year no strings attached, you can go advocate child molestation, murder, or even worse, you could do a tv spot for absolute poker.
I have an idea. Why don't YOU pony up the ten million and see what rules you attach?
Your kind of like the customers who proclaim they are so dissatisfied when they have a bad experience at a car dealership. They come in offering you 100 bucks profit on a 40K vehicle and then fully expect you to give them free dvd players, bedliners, and of course the best service in the world.
My advice to them is similar. Go find yourself 8 million, buy a dealership, stick a sign in the ground, and then run it exactly as you see fit. -
^^ yer kidding... right? ROFLMAO! First off, if you're observant about FT's already existing 'biatches', I don't think they're suffering too badly. And I don't see them NOT pursuing other interests either... as long as whatever it is has no negative reflection on FT. I dount that this is all that stringent... and is what the legal eagles make them put there.
Would I be their bitch for $8 mil? In a heartbeat. I'm 58 and would spend the rest of my life hopping on/off planes decked out in FT poker regalia! LOL!!

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$660k a year for the next 10 years plus the money from the main event win, you bet your ass I would be FTP's bitch for the next 10 years.
Plus Im sure you would get signed as an FTP pro, thus getting 100% rake back and an hourly rate of play on FTP's site.
Getting that plus getting to travel all over the world repping FTP would be fucking sweet. -
What FTP is offering is a contract, 10 yrs of service for 1M pre-tax per year. They are offering this to all players that qualify thru FTP, ALL PLAYERS THAT QUALIFY.
Now what you have to keep in mind is that the winner of the '08 ME could be a complete and utter asshat, a total douche, someone that could easily bring a large amount of unwanted publicity. FTP has a right, and a duty, to protect itself as much as possible by conditioning the contract in the manner they have. Would you want a representative of your company showing up in ads for poker underwear? Of course not, that would look ridiculous.
Also, the language states "final approval right for any other ENDORSEMENTS", it doesn't say anything about other business endeavors. As long as the player is not endorsing a product or company, that player can go about their business as they see fit, earning a guaranteed income each year for 10 yrs.
Sign me up please. -
"Player must also agree to star in 3 bestiality films per month for either the full 10 years or until their body gives in, whichever comes first."
LOL at the beastiality OP.
I don't know about you guys, but that deal (minus the beastiality thing) is more than fine by me. $10M spread over 10 years, in addition to the $7mill+ taken down for winning the WSOP ME to begin with, works for me. Plus the cash payout of $150K isn't all tha bad either. If it's just to get my name out there, play on their site, and wear their gear....seems plenty reasonable for me. They're covering their asses which is more than understandable, but anyone that doesn't think $10M + $7M for winning the ME isn't a big deal.....doesn't need the $$.
I personally, wouldn't mind in the least. Live off the $10M that FT pays out and invest the other $7M (after taxes of course) and I don't think I'd worry too much about making a decent living.










