Lee Watkinson + FT Qualifier + Winner = $18,250,000

[Matt Savage]

I just heard from a media source that Lee Watkinson is a Full Tilt Poker Qualifier and is playing for an extra $10,000,000 is he wins tomorrow.

Matt Savage

[Ace-Ex]

That's a pretty big EV. We were discussing last night whether there would be any way to chop that.

[Cornell Fiji]

Very smart of FTP to get this into the media.

Now win or lose people will be discussing the fact that he was a FTP qualifier in all articles about him during the next two days.

[Austiger]

Anybody know which type of satellite he won?

[Cornell Fiji]

[ QUOTE ]
That's a pretty big EV. We were discussing last night whether there would be any way to chop that.

[/ QUOTE ]

AFAIK its a sponsorship fee and not a lump sum payment. In return for the 10 mil he would have to do commercials, print ads, etc. for the next few years.

[Dunkman]

[ QUOTE ]
[ QUOTE ]
That's a pretty big EV. We were discussing last night whether there would be any way to chop that.

[/ QUOTE ]

AFAIK its a sponsorship fee and not a lump sum payment. In return for the 10 mil he would have to do commercials, print ads, etc. for the next few years.

[/ QUOTE ]

For 10m I doubt he'll mind.

[ericicecream]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
That's a pretty big EV. We were discussing last night whether there would be any way to chop that.

[/ QUOTE ]

AFAIK its a sponsorship fee and not a lump sum payment. In return for the 10 mil he would have to do commercials, print ads, etc. for the next few years.

[/ QUOTE ]

For 10m I doubt he'll mind.

[/ QUOTE ]

The point is that he can't represent other online casinos who might bid more than 1 million/year for 10 years.

I'll bet that if someone else wins, they will get sponsorship worth in the range of 10 million/ten years or better.

[murph0110]

the only pro who has ever been worth their sponsorship weight is moneymaker... plain and simple... there is no pro/player/winner who would ever be worth 1 million today..

regardless, lee, along with david singer, were the only two qualifiers online through full tilt ass with the site. if lee wins, he gets 1 million a year, for 10 years...

he would have to do commercials, play a set number of events every year, other promotional, cannot promote other sites, etc...

poker stars was 1 million for the winner with no type of contract attached (i think)...

[Cactus Jack]

For Lee Watkinson, this might be a great deal. For Mike Matusow or Daniel or someone with a high-rev motor, this might not be.

[SammySlim]

It is a 10-year, $1 mm/year exclusive promotional and personal services contract. The terms are (or were) on the FT website.

Cheers