Bob Poolos 98,500 Mitchell Smith 83,350 Chino Rheem 75,600 Chance Kornuth 63,550 Alan Percal 57,300 Brian Hastings 53,430 Mukul Pahuja 46,000 Nancy Todd Tyner 44,000 Darryll Fish 42,000 Nick Schwarmann 31,600 Tyler Denson 27,650 Eric ...
Low Interest Expected for November-Nine Money
$21.1 Million Waits Safe and Secure for Finalists
With a volatile U.S. market and low interest rates, the final nine players in the 2011 World Series of Poker main event likely will not accrue significant interest dollars on their $21.1 million remaining prize pool in the weeks leading up to November’s finale.
Although it won’t be known exactly how much interest will be earned until the funds are withdrawn from the Goldman Sachs account, the money is expected to be risk-free. The fund’s objective seeks to “maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity.”
“With the market volatility we want the money safe and secure and that’s the priority,” said Seth Palansky, Communications Director for WSOP.
Last year, after the finalists were each paid ninth-place prize money from the initial final-table prize pool, the remaining amount of $21.7 million for spots 1-8 accrued $459 in interest over a three-month period. After the funds were withdrawn in late October, the interest dollars were redistributed amongst the top eight places in a sliding scale percentage consistent with the original payout structure. The same thing will happen this year.
Here is a look at the interest dollars in the brief history of the November Nine:
|Year||Prize Pool Amount||Interest Dollars|
|1||Poker Strategy With Matt Matros: The Poker Paradox|
|2||Dan Smith Wins 2013 World Poker Tour Five Diamond Main Event|
|3||Brian Rast Wins Five Diamond $100,000 High Roller At Bellagio|
|4||PokerStars' Review Suspended In New Jersey|
|5||Poker Strategy For The Rest Of Us: Kristen Bicknell|
|6||Norwegian Politician Throws In Towel In Poker Battle|
|7||Bellagio's Jack McClelland Retiring After 2013 WPT Five Diamond|
|8||Police Bust Poker Game At Oklahoma Bar|
|9||High-Stakes Online Poker: Niklas Heinecker Up $6 Million As 2013 Winds Down|
|10||Dan Bilzerian Says He Won $10.8 Million Playing Heads-Up Poker At Stakes $5,000-$10,000|
|1||Dan Bilzerian Says He Won $10.8 Million Playing Heads-Up Poker At Stakes $5,000-$10,000|
|2||Hansen In The Abyss $15 Million On Full Tilt Poker|
|3||Poker Pro Fends Off Two Robberies In One Day|
|4||Poker's Thankful: Great Suckouts From 2013|
|5||Bryan Devonshire: It Can Always Get Worse|
|6||New Jersey Sees Full Launch Of Web Poker|
|7||Sheldon Adelson: 'Willing To Spend Whatever It Takes' To Thwart Online Poker In United States|
|8||Online Poker: Niklas Heinecker Up $4.2 Million|
|9||Jay Farber Says He Is Buying A House, Ferrari And Aston Martin With His Poker Winnings|
|10||Borgata Allowing I-Poker Signups Ahead Of Launch|