Jerry Yang on Online Poker

[luckbalks]

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Maybe Jerry saw that episode of Tilt where the online player was 3 tabling: 1 table on 3 separate monitors.

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ROFL House

[olivert]

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When I covered the WSOP last year, I overheard a conversation between an online poker room rep and one of the players that had made the final two tables of the ME, but had no sponsor at the time.

The rep offered him $30K to display a logo during the final two tables. If he made it to third place, he would get $100K. Second place, $250K. First, $1 million.

The guy wanted $50K minimum just for wearing the logo and wanted the agreement in writing. Since they were on a short break, the rep told him they didn't have time for a written agreement and he'd just have to take his company's word for it. The player stood firm, and while I don't know what the deal ended up being, it looked like the company might have been willing to up the price. The rep called the big boss, who was in his suite at the Rio, and the two men hurried off to meet him.

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The Poker Royalty guys who approached me also wanted to just do a 'handshake' agreement. had i ended up going with them, i def woulda insisted on something in writing. I went on my own, and absolute sponsored me.
Speaking as a lawyer, "Handshake" agreements are not smart. I can't believe that any agency that wants to take itself seriously would resort to them. At least have a boilerplate agreement drawn up that u can put in front of the player. Protects BOTH of us.

Oliver, how do u do biz?

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During the 2007 WSOP, I operated on "handshake" agreements for the single-event logo deals I did with players (I did a total of 5 deals: Jon "Pearljammer" Turner and Andreas Krause in ESPN-televised preliminary events; Philip Hilm, Alex Kravchenko, and Jerry Yang for the main event.)

I don't know yet what procedure I will use at the 2008 WSOP, given that all agents, VIP badges or no VIP badges, will NOT be able to solicit players on the tournament floor and will have to do business in the hallways.

I generally will NOT present a player to a prospective sponsor for a 1-year deal (or longer) unless I have a written representation agreement in place.

In some cases, I will require a written non-disclosure agreement (NDA) in place before I will show a player a "marketing plan" with privileged information that my competitors do NOT have.

The representation agreement can be worded to cover just one particular company or a particular category (i.e. online poker, video games).

I don't believe in having complete exclusivity over a player, as I don't believe a single agent can handle all of a player's needs.

A typical "Tier 1" player will need to have 2 or 3 different agents: one for poker-related endorsements (i.e. online poker, land-based casinos, video games), one for entertainment projects (paid film and television guest appearances), and one to handle book deals.

My agency's core competency is poker-related endorsement deals.

A "Tier 1" or "Tier 2" sponsored-player also needs to hire his/her own lawyer who can look over legal documents for the player.

A "Tier 1" or "Tier 2" player also need to have a competent tax accountant who has experience dealing with professional gamblers.

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I do know that some players out there will ONLY do handshake deals, as they don't like to sign representation agreements with agents. J.C. Tran and Alex Kravchenko are two examples.

[imabigdeal]

teddyFBI what TV final table were you at?

[dersl]

yang is such a [censored] lucky retard

[Sponger.]

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will the next winner be playing simply to remove as much money from the poker ecosystem as possible?

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I'm going to go out on a limb here and say yes

[suzzer99]

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Maybe Jerry saw that episode of Tilt where the online player was 3 tabling: 1 table on 3 separate monitors.

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Wicked setup.

[Oliver Nipples]

Apology for the quick hijack, but does Jamie have any recourse to sue SI for calling him a cheater? Pretty big defamation of character and in his quasi-full time line of work as a poker player, could mess up future business.

[teddyFBI]

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teddyFBI what TV final table were you at?

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3K-NL. Televised in 2 wks i think. Will undoubtedly be made to look like either:
a) gigantic douchenozzle
b) complete poker n00b
c) Hellmuth fanboy
d) all of the above

[horrorshow]

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omg 4 games at once

He also failed to neglect the two porn windows going and the message board reading.

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If it involves nuns and sextoys it's not porn.

[EL Burro Loco]

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Seeing this guy win the main event made me wanna puke!!!
I cant even understand how a gambler can pray 2 a holy god.

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Um Doyle, unless he's leveling everyone. Also, Daniel N, and it's insanely annoying.