January 2018 CKA Newsletter: Payout Updates, ROY, etc

January 2018 CKA Newsletter

This post address a number of different additions and changes we will implement with CKA for the 2018 season. Topics include payouts, registration fees, the new Rookie of the Year prize, operational costs and the revised Tournament of Champions format. While each change is unique, they are also interdependent.

First, CKA has adjusted its payout format on several occasions over the years. It has done so in order to account for several factors, including the growing popularity of the series as well as to balance sponsor giveaways with cash prizes. Additionally, CKA always considers feedback from the anglers who participate in the series. We listened last season and came up with a solution that was as close as possible to what anglers requested. In these ways and others, the payout update below is no different from past changes. Here are the major points:

 

  1. CKA will pay out more places at each 2018 event. Last season we paid out 10% of the field, or 1 in 10 spots. This season we will pay out deeper into the field, or roughly 1 in 8 spots. For example, we average 58 anglers per event 2017. At an average 2017 event, we paid 5 spots. This season, that will be 8 spots at a 58 angler event (58 being our average attendance). Big Bass payouts will continue for each tournament.
  2. In 2018, the 2-day Tournament of Champions will have a new priority as the culminating event of our season. The new payout structure makes this possible. Please stay tuned for a follow up post with all of the details pertaining to this exciting event, but as it stands, we are budgeting to make it a “free” event so that qualifying anglers will only pay a nominal Tourneyx fee.
  3. CKA will continue to donate to H.O.W. but we have restructured contributions to increase tournament payouts.
  4. CKA will deduct a small amount from each registration fee to cover operating costs. As CKA has grown, tournament directors have paid out of pocket for many costs including user Paypal fees, payments to Tourney X, merchandise advances, compensation of judges and equipment purchases. Rather than ask anglers to pay a membership fee, we will deduct
  5. For the first time in our existence, one new CKA angler will be crowned Rookie of the Year. Details to follow but we are excited about seeing new anglers compete for this title.

During this off season, all four tournament directors debated the best way to sustain the series, expand payouts, maintain charity commitments and reward anglers. We consulted anglers and discussed with series sponsors. It was a long process with one goal in mind: to improve the rewards to anglers. This was our solution, and we hope you will find it reasonable. Thank you for your support.

Announcement: CKA Adopts Paypal

I can’t thank everyone enough for the incredible support for the CKA over the first two events. As a first year group working together (Cory and Wayne are the veterans) running CKA, we are continually reflecting on what we can do to continue to improve the series.

Starting with the Jordan Lake event (April 8th), anglers will see improvement in the efficiency of the check-in and weigh-in processes. We want to ensure that we properly highlight our sponsors, highlight the achievements of the winning anglers and also be fully aware that everyone has had a long day (and at times a long drive home) so we can let anglers be on their way in a timely manner. And so we will begin now with raffles and sponsors (while staff finalizes submissions and prepares the winner’s circle), then proceed to winnings.

One major adjustment we are making is the manner in which we collect entry fees. We have become increasingly uncomfortable with having the large amounts of money  generated at these events being held by an individual with risk that it could be compromised (lost, stolen etc.).  In addition, it is simply just a matter of safety.

With that being said, starting with this tournament cycle and the Jordan Lake sign up, we will be introducing PayPal as the preferred manner of paying for entry fees. Cory will be setting up the account which will be published ASAP with the Jordan Lake Tournament details to allow people to get familiar with the payment system. I know there may be hesitation from some but I assure you it is completely safe, insured, free and super easy to set up. Cory and I have personally used it since it was introduced several years ago. Many of you most likely already use it and it can be linked to your bank account, credit card and a few other methods. It will also allow us to funnel winnings directly back into accounts without having to handle large amounts of cash.

We would definitely like to get 100% PayPal participation for Jordan but I do understand we need to get everyone comfortable with using it. I would like to offer anyone who may be skeptical using this method to contact us via the CKA Message option on this Facebook page with questions and concerns, I will also gladly touch base with anyone to help work through any questions and concerns with this change.

Again, thank you all for the incredible support and we look forward to bigger and better things to come.

Larry and CKA

www.paypal.com