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 E. Owner Expenses

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Minnesota Eternals
 
 
Minnesota Eternals


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E. Owner Expenses Empty
PostSubject: E. Owner Expenses   E. Owner Expenses EmptyWed Jan 25, 2017 10:35 am

All funds being sent to/from Roster Wars must be initiated by the RWP.  DO NOT for any reason send money to the RWP without being instructed to do so.  Failure to follow these instructions will result in a $20 processing fee being assessed .

E.1 Owner Insurance (50.00 per owner **one time only**)

A. The owner of each franchise must pay a one time $50 insurance deposit.  
A refund of the insurance money to a departing franchise will not occur if the Insurance Company feels any of the questions below can be answered with YES:

Criteria for Roster Wars CLICK HERE:

Criteria for Futures League CLICK HERE:

The RWP reserves the right to approve or deny an insurance refund even if the above conditions are met if he deems there are circumstances that this rule could not foresee. By being an owner in the RWDOC you acknowledge the RWP's decision will be final.

B. All monies collected for insurance purposes will be held in the Roster Wars Insurance Fund and will be governed by the Insurance Company along with the RWP.  The Insurance Company consists of several RWDOC owner volunteers approved by the RWP.

C. In the event that a vacant team is deemed by this committee to be in such bad shape that it is unreasonable to expect a new owner to be able to turn the franchise around within three (3) years, the Insurance Company may approve to use the Insurance Fund to pay for one full season of league dues for that franchise.
1. The incoming owner must pay the $50 insurance money to enter the league.
2. The incoming owner must pay for one full season of their league dues and that would be non-refundable.  This will in effect make the new owner’s second season free.
3. If a dispersal draft occurs, no incoming owner will receive funds from the Insurance Fund.
4. The Insurance Company's ruling on payments is final.  
5. If a member of the Insurance Company is directly involved in a case, the RWP or a substitute long-standing owner will take their place in ruling on the case.
6. If the Insurance Company is to pay for one free season, any prizes won by that franchise in that free season will be awarded to the Progressive Pot.

D. There are separate insurance funds per league.  Every franchise must be insured.  An owner with a franchise in the Main League must pay a separate insurance for their Futures League franchise.

E. The Insurance Funds at full strength would be equivalent to (the number of franchises in that league + 2) x ($50 insurance).  Any overage obtained through changes in ownership will be added to the progressive pot.  Any shortages will be replenished through turnover not requiring reparations.  


E.2 Club Dues
Each owner is required to pay club dues within one week of the conclusion of the annual January Owner’s Meeting each year.  Failure to pay club dues will result in a penalty imposed by the RWP which could include expulsion from the club. Such penalty will be the sole judgement of the RWP.   

An owner with a franchise in the Main League must pay separate dues if they own a Futures League franchise.

Roster Wars club dues CLICK HERE:

Futures League club dues CLICK HERE:


E.3 Club Fees
In addition to the dues and insurance above, each owner must pay club fees within a week of the conclusion of the annual January Owner’s Meeting each year to cover the cost of playing our game.  

An owner with a franchise in the Main League must pay separate fees if they own a Futures League franchise.

RWDOC  fees are $8/owner and the RWDOC will disburse funds to the following companies:
1. $7 per owner for myfantasyleague.com service ($159+$149)
2. $1 per owner for MFLhistory.com ($15)


The RWDOC only works with whole dollar amounts, therefore when services are paid for, any change over the nearest whole dollar is paid to the RWP for his services.  It is assumed that he is deserving of something less than $1 per year.   laughing

Any funds that are unspent will be continually tracked.  Once the total unspent funds reaches the correct amount, RWDOC owners will receive one year of myfantasyleague.com and one year of MFLhistory.com for free.  


E.4 Disclaimer
All costs are subject to change yearly at the discretion of the RWP due to fluctuations beyond his control.

All funds being sent to/from Roster Wars must be initiated by the RWP.  DO NOT for any reason send money without being instructed to do so.  Failure to follow these instructions will result in a $20 processing fee being tacked on.


E.5 Andrew's Workshop
Changes to team designs should be rare, but sometimes it's important for an owner to have new colors or a new look.  If desired, reach out to the RWP via email and make your request.  It must be approved and will come at your expense.  The RWP owns MyFantasyGraphics and will charge a discounted rate for the time/work.


E. Owner Expenses Sigete14
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