QUOTE (General Itals @ 6/2/09 9:56am)

Thanks, FP. You the treasurer this year, too?
I think that is the way it has always been done. I'll have to refer to yo mama on that. I have no problem taking on the accounting for the league. Also, yo mama has agreed to stay on as co-commissioner this season. He will only be used in this capacity if I am unavailable.
From season to season there is usually a $50 buffer in the account (Rule below). This year, however, due to PON winning the week 17 free-for-all and then leaving the league the $50 buffer was paid out leaving the cupboard bare, so-to-speak. So, this season the MFL site was paid by using my personal finances.
QUOTE
VIII. Awarding Prize Money: the league’s base payout equals $540.05: $600 ($50 times 12 teams), minus MFL's software expenses of $59.95. However, the total payout shall include supplemental dues collected in connection with each team’s waiver wire pick ups, in excess of the 10 free pick ups each season. The net payout shall be divided as follows:
The winner of the Week 17 free for all tournament will be credited $50 towards next year’s dues, which the commissioner will hold on to and use to prepay MFL's expense in the subsequent season.
50% of the remaining funds go to the winner of the league’s super bowl;
30% of the remaining funds go to the over-all points leader at the end of the league’s regular season; and
20% of the remaining funds go to the loser of the super bowl.
I can't pay $109.95 to play in the league this season. But... I also want the league ledger to be correct. We should probably recoup that loss. I am proposing a $4.55 increase in league dues for this season only. That would make it a grand total of $54.55 for each league member. Is that agreeable?
Also, the week 17 rule should be amended. If you win the week 17 free-for-all and decide not to return to the league the following season then the CREDIT will go to the next highest point total, and so on. This CREDIT was never intended to be a payout.