Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
I hear you, Woodrow.The reality is that integrity and trust are of paramount importance. I'm hyper sensitive there. It's why we're making such a big deal out of escrowing all the prize money. With that said, there was just no way we could envision coming up with a scenario (and we tried hard) that would allow FBG or FFPC staff to play. Any FBG staffer winning would just kill all credibility that we're trying to build. No matter how legit it was. We tried working an all FBG Staffer league and making it where you guys could play just for bragging rights but with every scenario, there was that hint of possible shadiness that we just couldn't have. Sorry.And yes, I realize this is probably going to cost me dearly with what I have to do to make it up to you guys...Very excited about this
J
Very excited about thisProbably the first time in the last decade I'm actually bummed that I'm a staffer though. Would LOVE to compete in this content.
I've always enjoyed working with Dave and Alex - they have a great business model that focuses on the fantasy players.I'll still enjoy watching the results, free agent moves, etc. Enjoy, all y'all!
Very excited about this
One of the drawbacks we all have (not being able to compete), but I for one am really happy to see this union and this contest. With all of the issues that have been associated in the "big" contests and problems with payouts, adding any credibility to that space helps every fantasy football player (and every fantasy player, for that matter). I'd love to participate as well, but in the bigger picture of things I completely understand the restriction - and I support it.There's a lack of trust in the big contests right now, both with the "guaranteed" money and the backings of the payouts. For Joe and David to step up here AND partner with the FFPC, well, you couldn't ask for two better organizations to back this new challenge.I hope to see this as a major contest and success right out of the gate.
I'm looking forward to my new Bryant Boat.I hear you, Woodrow.Very excited about this
Probably the first time in the last decade I'm actually bummed that I'm a staffer though. Would LOVE to compete in this content.
The reality is that integrity and trust are of paramount importance. I'm hyper sensitive there. It's why we're making such a big deal out of escrowing all the prize money.
With that said, there was just no way we could envision coming up with a scenario (and we tried hard) that would allow FBG or FFPC staff to play. Any FBG staffer winning would just kill all credibility that we're trying to build. No matter how legit it was. We tried working an all FBG Staffer league and making it where you guys could play just for bragging rights but with every scenario, there was that hint of possible shadiness that we just couldn't have. Sorry.
And yes, I realize this is probably going to cost me dearly with what I have to do to make it up to you guys...
J
Regarding the contest, this is completely understandable and is pretty much standard for any contest. Credibility and integrity is paramount for this and if successful, it will benefit the industry and all of us.
Jeff you can't play in this Contest? Please tell me that Aaron Rudnicki, Chase Stuart can. Please.SpeedVery excited about thisOne of the drawbacks we all have (not being able to compete), but I for one am really happy to see this union and this contest. With all of the issues that have been associated in the "big" contests and problems with payouts, adding any credibility to that space helps every fantasy football player (and every fantasy player, for that matter). I'd love to participate as well, but in the bigger picture of things I completely understand the restriction - and I support it.There's a lack of trust in the big contests right now, both with the "guaranteed" money and the backings of the payouts. For Joe and David to step up here AND partner with the FFPC, well, you couldn't ask for two better organizations to back this new challenge.I hope to see this as a major contest and success right out of the gate.
Hi Rody,It would be just current FBG staff that can't play. Former News Bloggers would be fine. I guess we'd need to make a call on Street Team guys or someone that wrote a guest article. My "line" that feels right would be FBG Staff are out. And Street Teamers and Guest article writers would be ok. I'll get with David and the FFPC guys.J
Just got with David and he's in agreement. Just current Footballguys staff listed on the website are excluded. Former guys or current street teamers or guys that write a freelance article etc are ok.J
David & Alex can chime in here but we don't withhold anything. But anything paid over $600 (I believe that's right) has to be reported by us to the IRS that we're paying the money to you. J
Can you pay me and some buddies in chunks of $500 if I happen to win that much?
Sorry Ramblin'. I hate paying taxes as much as the next guy. But I like staying clear with the IRS.Can you pay me and some buddies in chunks of $500 if I happen to win that much?
J
I thought there had to be withholding for anything "big". Maybe that doesn't apply to FF, I'm not sure, which is why I was asking. I'm pretty sure that if you win big in Vegas in Roulette or something (say 10Gs for example), they withhold a nice chunk (maybe 30% or somewhere around there), and good ole' Uncle Sam hangs on to it for you.
First, let me just say how excited and honored Dave and myself are to be working with Joe and David. More than that, it's actually very cool!Sorry Ramblin'. I hate paying taxes as much as the next guy. But I like staying clear with the IRS.Can you pay me and some buddies in chunks of $500 if I happen to win that much?
With regard to the tax question, this is the unfortunate reality of winning money - or should I say, earning money - in high stakes fantasy football. Joe is correct. We will not deduct anything ourselves but all cash prizes of $600 or more must be reported to the IRS and the prize winner will receive a 1099M for the calendar year in which the prizes were won.Btw, this is not exclusive to the Footballguys Players Championship or the FFPC. It applies to any fantasy contest. Also, this is NOT considered gambling winnings. Federal law excludes fantasy sports from the gambling industry therefore the IRS reporting will be via a 1099M (miscellaneous income) not a 1099G (G = gambling income).The good news is, you should be able to deduct entry fees and other expenses relating to the FF hobby. This is something I cannot advise you on but I'm sure there plenty of high stakes players here who can share their experiences.
Alex, not to get too far off subject here, but a 1099M is issued if you win $600+ Does that include the $350 entry fee? Say I win $600 but I actually profited only $250 because of the $350 entry fee, would I still get a 1099?First, let me just say how excited and honored Dave and myself are to be working with Joe and David. More than that, it's actually very cool!
Yes. It's what they pay you back. Not what you net. Still, you can write off the entry fee as an expense against your winnings.Alex, not to get too far off subject here, but a 1099M is issued if you win $600+ Does that include the $350 entry fee? Say I win $600 but I actually profited only $250 because of the $350 entry fee, would I still get a 1099?First, let me just say how excited and honored Dave and myself are to be working with Joe and David. More than that, it's actually very cool!With regard to the tax question, this is the unfortunate reality of winning money - or should I say, earning money - in high stakes fantasy football. Joe is correct. We will not deduct anything ourselves but all cash prizes of $600 or more must be reported to the IRS and the prize winner will receive a 1099M for the calendar year in which the prizes were won.Btw, this is not exclusive to the Footballguys Players Championship or the FFPC. It applies to any fantasy contest. Also, this is NOT considered gambling winnings. Federal law excludes fantasy sports from the gambling industry therefore the IRS reporting will be via a 1099M (miscellaneous income) not a 1099G (G = gambling income).The good news is, you should be able to deduct entry fees and other expenses relating to the FF hobby. This is something I cannot advise you on but I'm sure there plenty of high stakes players here who can share their experiences.
We can either add another year or refund you the money. Either way is fine with us.ramsfan said:
Yes this contest will go off regardless to the number of entries. We are GUARANTEEING the prize pool at 50 leagues (even if we have fewer entries)
I know I am in the extreme minority, but I would be happy to win the trophy. Cant wait to see what a $600 trophy looks like. And am I correct in understanding that there are winners that will win lifetime FBGs subscriptions.
I don't know. Today sometime. Hopefully sooner rather than later.What time will the new site be launched
yes 20 people will win lifetime subscriptions.
Yes, Brianhatch,As David said, the contest goes on with the 50,000 prize regardless. This is the risk in running a contest. If a 300 people sign up to play, we obviously don't bring in nearly enough money to cover the payout and we just lose money. What we're betting on in is that we can get enough folks to sign up so that we at least cover the prizes. Any help you guys can do there to help us spread the word is greatly appreciated. J
Thanks Rody. David is hoping to have it all up here soon. Using the old link for now until it's all stable. The new site has just about done me in over the last few months but I'm real pleased with how it's coming out. My friend, Sean Alsobrooks did the design and he's been excellent work for. I tell him what I'm looking for and he makes it happen. Just the right balance of being creative on his own but also doing what I ask. Thanks for the good words.J
Hi Bob,The Footballguys Players Championship will have an 11 week regular season. The League Playoff is Weeks 12 & 13. The Championship Round and Consolation Round is Weeks 14-16.
The teams with the next highest points will win prizes as listed in the Prize section.
That's a nice vig for you guys
Where can you see the new site?
Check out the link in Post #90.Edit: sorry, the link doesn't go to the new website page anymore. Earlier it went to a new page on FBG that looked pretty cool. New colors and layout. Pretty impressive actually.
It'll be a while for that Karma. Still a few months away.J
