Saturday, April 16, 2011

"Caveat Emptor"-Latin for Buyer Beware, FPA makes announcement on WCOFF

FPA follow up email/statement concerning WCOFF *******************************************
All winners must be paid out before the FPA will support any player depositing funds for 2011. In past conversation, Dustin has stated that the WCOFF books will not be opened to the FPA. That's fine. If that is the stance, then the players are only left with late or non payment of prizes to date and unfortunately left to assume what is true and what isn't. An example of this would be the observation as others have pointed out, that the baseball champion for 2010 was not paid until after baseball money for 2011 came in. Truly speaking, there is only one way to mis-manage a contest and that is, not to have enough funds to pay prize winners. Not one time has there been a confirmation or denial that the Grand Prize winner has been paid. Confirming this and other concerns would set players minds at ease and would reduce player suspicions. For that reason, it is the stance of the FPA that deposits for Football 2011 should never have been accepted until all 2010 requests for payment are paid. The FPA cannot be supportive of the WCOFF any other way, otherwise what is really being supported is the possibility and suspicion that this dilemma is simply passed on to next year's winning players to deal with. The FPA has reached out to Dustin this morning for more information as to the current happenings and what is in store for the future players of the WCOFF. We can only hope that these questions and concerns are treated with more seriousness and resolved quickly.

Background: On March 8, 2011 The Fantasy Players Association (FPA) (http://www.fantasyplayersassociation.com/) placed the World Championship of Fantasy Football (WCOFF) "on the clock" for "failing to pay some of their 2010 football prize winners by the posted deadline". The FPA statement is reposted below: FPA’s Statement: It seems like high-stakes fantasy players just can’t catch a break. Even playing in the biggest contest in the land, issues still arise. We at the FPA are very disappointed to be revisiting this issue in 2011 after the off-season promises for improvement. It is our opinion that their rules already give a very lenient payout date of February 15th, 6 full weeks after the Championship week has concluded. WCOFF has been the premier contest for 9 years now, but will have challenges to remain so in the hearts of the players if payment issues continue to persist. With such vague public responses as to the specific issue causing these delays, one is left only to wonder if this issue is due to paperwork mishaps, incompetency or cash flow, however it appears that if more off the record details are desired, that Dustin and the WCOFF are only a phone call away. The FPA encourages everyone with questions or concerns to contact Dustin or the FPA for more information.
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As of today, tax day, April 15th the issue is not resolved. I hope all winners are paid immediately.

I have played in the WCOFF for several years and have never had any problem receiving my winnings. However, I have not played in the WCOFF the past two years due to travel commitments which precluded attending the draft. It seems like the payouts have taken longer and longer in the past few years. This years delay is especially troubling.


In the past when companies have gone bust and not paid players they simply do not pay winners period.


The WCOFF situation appears to be different in that payments are slowly being made to winners, just not in a timely manner.


As with any fantasy sports league you are thinking of entering, you must do your homework and evaluate all issues-rules, set up, commissioner, format, ROI and management. One key step in the evaluation process is to determine if all winners from the previous year(s) were paid. Often the message boards are the first place to find out about these 'red flags". But as with anything, take some of the posts with a grain of salt as there are some who wish to damage a contest with posts that reflect them in an unfavorable light. Bottom line: do your homework!


Caveat Emptor



-------------------------------------------------------------------------------------In NFL Draft news, the current opinion has the top three picks of 2011 as:

1 Cam Newton QB to CAR

2 Marcell Dareus DT to DEN

3 Von Miller LB to BUF

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