How does the prize money get distributed?
Please Read the following important information The formula below is based on a minimum of 50 divers. Less than 50 will cause the formula to be adjusted to cover the fixed cost associated with the successful operation of the tournament. For example: t-shirts, trophies, scale’s, and other necessary expenses. Prize Disbursement Formula Example: 50 Divers enter at $55.00 each = $2750.00 $40.00 per entry goes to prize pool. The remaining $15.00 of the entry fee to be used for tournament operations. The breakdown: 50 entries X $40.00 = $2000.00 divided by 5 (Fish Categories) less the operation funds leaves $400.00 per fish category. 1st place would receive $200.00 2nd place would receive $125.00 3rd place would receive $75.00 Notice: Remember cash disbursements will vary depending on whether there are more or less divers participating and number of fish categories.
