How to Start a Keeper League – Version #6
This ‘Lifetime Insanity Pool’ is fairly typical, but it puts heavier emphasis on defensemen scoring. It also requires roster updates every two weeks, i.e. choose the 16 guys you would like to activate.
They also make it clear that wimps need not apply – strict rules with regards to emails, etc. I like that – you need to be firm with that rule before starting a hockey pool, or you will be left with one or two boneheads who do not email promptly, or are not available when you need them. Thanks to Jaron for this one.
This pool is designed for the 'extreme' hockey fan. If you are merely a casual fan of the NHL, you may find the work associated with this pool overwhelming. If, however, you think you know as much as the average NHL GM, this is the pool for you. If you follow the NHL pretty closely, this pool shouldn't be a lot of extra work for you.
1. The number of teams in this pool will remain relative to the number of teams in the NHL.
a. Based on the depth of talent in the league, every two(2) NHL teams in existence will warrant one fantasy team. Currently there are thirty (30) teams in the league, which allows for fifteen (15) fantasy teams. We currently have 14 lifetime teams.
2. The cost of the pool may change from year to year.
a. The annual fee (per team) is currently set at $50.
b. For the inaugural season, the one-time expansion fee applied to new teams is waived, as this is a brand new league.
c. Total purse collected will be $700.
d. The winner takes home $500 (see FAQ*). Second place takes home $100, third $60, and fourth $40. The nominal payout to the top four finishers, although not a large amount, is intended to reward the better teams. This also discourages GMs from sandbagging toward the end of the season. Trying for an extra $20 should outweigh the motivation of trying for a slightly better draft pick the next season. You will see that a GM can affect his team's performance throughout the year by changing his roster. There is also a small penalty implemented (see FAQ*) to discourage teams near the bottom of the standings from intentionally finishing in last place (for the first draft pick).
3. It is not uncommon for people to sell their teams for a profit in year-to-year hockey pools. Your team is truly an investment.
a. As friends/coworkers of your fellow GMs hear about this style of pool, there is often great demand to acquire a team. The fact that the initial 14 teams DO NOT have an expansion fee is a great opportunity for you to get in on the ground floor.
b. As people lose interest in the pool, go traveling, or are hard-up for cash, there may be turnover of team owners from year to year. So if your friends are interested, they may want to buy a team (assuming they are not one of the original 14).
c. It is also common practice for a GM to sell a successful (i.e. potentially profitable) team, and invest in a new expansion franchise when the league grows.
4. In the case of expansion, a one-time expansion fee of half of the annual fee is required before the standard annual fee payable from the new GM every season.
a. This additional money (i.e. $25 expansion fee) is put toward the first place purse for that season.
1. To be eligible to participate in this pool you must have an email account that you check regularly (almost daily).
a. The majority of the administrative work for the pool is executed electronically.