Team Texas SLAM Pot
with 100% Payback
Check option during registration
Supporting the Seabrook Association’s Scholarship Fund and Shriners Hospitals for Children
2018 SEABROOK SALTWATER DERBY CAPT. MEETING / CALCUTTA
(To be held on Thursday, September 27th)
Concept: We will auction each Team off to the highest bidder (Opening bid $50.00). The Highest bidder becomes the Team owner. The weigh-in will reveal which Team won the overall Heaviest Red, Heaviest Red Stringer, Heaviest Spec, and Heaviest Spec Stringer of all Categories. The winning Team owners of each category will spilt the Calcutta pot (See payout below).
Pay Out: 20% (Charity) / 80% (Winning Teams) Split Payout to Heaviest Red, Heaviest Red Stringer, Heaviest Spec, and Heaviest Spec Stringer Team owners. The winning bidder/owner of each Team must pay by cash or check before the close of the Calcutta.
How Winners are Determined: The Calcutta pot will be split between the “Team owners” of the Heaviest Red, Heaviest Red Stringer, Heaviest Spec, and Heaviest Spec Stringer.
For example, if there is $10,000 in the Calcutta pot, the Derby will hold back 20% (Charity) and the remaining 80% ($8,000) will be split between the “Team owners” of each category ($2,000 to Heaviest Red, $2,000 to Heaviest Red Stringer, $2,000 Heaviest Spec, and $2,000 Heaviest Spec Stringer.
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