2014 League Fees

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I would like to first thank the entire League for reliably paying their fees on-time each season. I expect this year to be no different. And like last season, the fees are $100 per team to be paid out 75/25 to the 2014 Champion and Runner-Up, respectively.

There are several ways you can pay your 2014 League Fees:

  1. The easiest and best way is to send it via Google Wallet to bdimond@gmail.com. If you’ve never used Google Wallet, I highly recommend it. It is simple and FREE (if you use your bank account).
  2. Although Google Wallet is highly preferred, you may also send me the money via PayPal to commish@badnewsbarristers.com.
  3. If you want to use the old fashioned method, please email me separately and I will give you my home address.

If I don’t receive payment from you by Friday, August 1st, I will send you an electronic invoice as a reminder. And remember, if your fees are not paid by September 4, 2014, your team will forfeit each game until the fees are paid. But we’ve never had that happen before, so we don’t intend to start this season.

Thanks to those owners who have already paid their 2014 dues. Much appreciated.

Payouts & Prizes

I regret to inform you all that the League trophy, casually referred to as the Bad News Barristers Cup, is no more. After only one season in use, it has been irreparably damaged in transit between our 2011 and 2012 champions. Although every precaution was taken to ensure the trophy’s safe transport, including providing a budget for its proper packaging, and supplying a custom-made shipping crate for packaging (at no cost to the League), this tragedy was ultimately my fault for believing that a trophy of such magnificence could survive as a long term traveling trophy. But the candle that burns twice as bright burns half as long, and the Bad News Barristers Cup was, in the end, too beautiful for this world.

But you all chipped in on that thing and one you was going to win it this year, so the loss effects us all. To make up for my hubris, I will pay the cost of the replacement. If we choose a trophy, I will have one constructed here that is more suitable for regular travel and pay the cost of its creation and shipment. I will do so quickly, so that Hank can enjoy it for as long as possible before a new champion is crowned. (Sorry Hank, I don’t see a repeat in your future, as the Power Rankings make clear.) But, in lieu of a trophy, I suggest an alternative prize for our league champion…

That ring is made by Jostens, the good people who make class rings (you know, those things no one buys anymore). It costs about $320, but if you want it in real gold or with real diamonds, the cost goes up considerably. But you can add the League name and your team name to the sides of the ring for free. Of course, buying a ring for each year’s champion would eat into the winner’s purse, but it would also allow for a permanent, easy to keep memorial of your fantasy glory. You could even display it in a little case, if you didn’t see yourself wearing it to work. Josten’s does make less expensive rings (if your peruse their website), so it is conceivable to think that not every champion would have to get the same ring. Hold that thought, I’ll come back to this idea in a minute…

The League coffers are now swoll with $1200 (American). To quote the immortal words of some douche in my Enterprise Organization class:  What are we going to do with all that money? Well, here’s what I suggest we do with it… Let’s give $100 to the highest scoring team every quarter. The season has 13 weeks, so the first quarter would 4 weeks long and then the final three distributions would occur after Weeks 7, 10 and 13.

That leaves $800 left in the pot. We could simply give $500 to the champion and $300 to the runner up (similar to what we have always done). Or we could decide to throw something at the consolation champion (but no more than $100, because we shouldn’t reward someone for being a loser). Or we could allow the champion to design his own championship ring with that $800 and keep whatever is left over. Sure it screws second place out of some cash, but remember what I said about not rewarding losers?

I will email each of you individually calling for a vote on these issues. Please respond no later than next Thursday, October 3rd so that we can promptly distribute winnings for the first quarter of the season.

Decision 2013!

Okay, fellas, the time has come to make some decisions. I will keep this short and sweet…

The first order of business is the Draft. The Bad News Barristers have always had a high turnout on Draft Night, and we are aiming for perfect attendance this year. So please take a moment to select your available dates/times here:

doodle.com/r5eq2zggk4sh974x

Remember, you’re not choosing only your favorite time, but rather selecting all the options that you could attend. Don’t worry, you don’t have to sign in/up to/for this website to vote.

Once everyone has participated, we can easily and quickly select the best date/time for everyone. Please vote as soon as possible, so we can schedule the Draft soon, because I’m sure everyone’s August/September is rapidly filling up.

Next, we need to decide the three changes that have been proposed. Please respond to each of the following questions:

This poll is closed! Poll activity:
start_date 06/08/2013 09:33:16
end_date 15/08/2013 00:00:00
Poll Results:
Add a 3rd Keeper
This poll is closed! Poll activity:
start_date 06/08/2013 09:33:16
end_date 15/08/2013 00:00:00
Poll Results:
Adopt the K-System
This poll is closed! Poll activity:
start_date 06/08/2013 09:33:16
end_date 15/08/2013 00:00:00
Poll Results:
Raise Entry Fee to $100

 

The voting will remain open through Wednesday, August 14th. A simply majority will decide each issue, which means 7 votes are needed for a proposal to pass (even if everyone does not vote). The K-System is outline here. If a third keeper is added and the K-System is adopted, the third keeper will be converted to a two-year contract extension (subject to tweaks by League vote). Regardless of whether the K-System is adopted, a third keeper will not be added until the 2014 season. If there is a fee increase, it will be effective immediately. If you have any questions, don’t hesitate to email me.

More Money, More… Fun!

When the Bad News Barristers began in fall of 2007, gas was $1.25 per gallon, a gallon of milk cost a quarter, and you could get a z-job on any corner for a nickle and a song… A $50 entry fee made sense in that time and place. But in 2013, even a dime-bag costs twenty bucks. You can see where this is going…

I propose that we raise the entry fee. But rather than just give the champion more sweaty cash, here are some ways more money might mean more… Fun!

The most obvious way to spread the good times around is to keep final payouts the same and to add mid-season payouts. We could, for instance, offer $50 to the highest scoring team every week. Or, we could give $100 to the last undefeated team, or the mid-way points leader.money

Another fun twist would be to offer $100 for the best draft(er), or best general manager–which could be determined through league-wide votes. I suppose it’s possible that people would just vote for themselves, but with 12 votes, I still expect the cream to rise to the top.

Although I’m not set on any amount or specific use for the money, I do think if we could offer some early-to-mid-season payouts for certain achievements, it would increase excitement for everyone. And we can do all of that by increasing the entry fee by just $50 per team. There are probably a number of other good ideas for what we could do with a little extra cash–which I welcome by email or in the comments…

Trade-Deadline Party in Vegas?

Regarding League Finances

As many of you have noticed, the League has transitioned from using LeagueSafe.com to collect fees and distribute winnings to using WePay.com. In case you’ve wondered, here’s why…

LeagueSafe was an excellent option back in 2007 when sending money to-and-fro online was a tricky business, but it lacks the flexibility that services like WePay offer (and that our League demands). The League needs to be able to accept payments in any amount, at any time of financesyear, and without penalty. LeagueSafe could not deliver that. To say nothing of the fact that there is no good reason to allow a third-party service to retain the time value of League funds (however paltry that sum may be). LeagueSafe is for beginners, the Bad News Barristers are seasoned veterans.

WePay is way more flexible, but since it ties to a personal bank account (rather than in escrow with LeagueSafe), it requires that funds be tracked to prevent administrative mistakes. And while I would never embezzle from the League, it is not impossible to imagine a dispute over whether an owner had paid their dues as the result of a bookkeeping error. To solve that problem, I created a separate bank account with Citi (ending in x1099) solely for Bad News Barristers league business. So whenever you receive a WePay invoice from the League, you can be assured that your money will be deposited directly into the League account where it will remain safely until it is to be properly distributed.

Does this stop me from absconding with all of the League’s dough? No, I suppose it doesn’t. It does, however, mean that all monies going in-and-out of that account are League monies, which makes it very easy to monitor–including producing an accounting of all League financial transactions to any owner who might request it.

The Bad News Barristers have an excellent record of paying all League fees on time. Thank you very much for your continued diligence in making those timely payments. And of course, do not hesitate to ask any questions regarding League finances.