PFW PURCHASED FOR $.5 MILL

[dpbarnes]

On November 13, 2006, Promoter Fantasy Wrestling was purchased by International Ventures, Inc. for a reported $500,000. Sweeping changes were made to the pay scale for each active participant on the PFW roster, both wrestler and manager/valet alike. Instead of being paid a certain amount for each fan they draw pwer show, each wrestler and manager/valet on the active roster have signed a 12-month contract for amounts ranging from $1000 to $9000 per year. Below is a chart of what each active PFW participant has signed to:

$9000

Aaron "Chewie" Chiu, Esq.
Jersey Devil
Dark Tyger
Body Count
Jumpin' Jonny Knapik
GrumpyBigBee
Lucas
"Textbook" Philly Madison

$8000

Rayd
All Nite Long
Soug
Andrew Caine
Neilybob the NY Nuisance
A.J. "Goodzilla" Good
Steven Blade
"Barnestormer" David Barnes
"Extreme Icon" Alex Tremaine
"Gravedigger" Keth Vale
Rick "Punisher" Woodbury
Larry "Big Daddy" Swank
Zodiac

$7000

Gothic Dragon
Kevin Angel
"Hostile" Roy Marrow
Jethro
Rowdy Rueben
Sickman
"Bloody" Harker Dirge
"Tennessee Brawler" Travis Lawler
Eek
Rayge
"Pug Ugly" Pillchard Mueck
Shon Maxx
"High Flying" Larry Woodbury
Splattercat

$6000

Ken "The Ace" West
Savage T
David "Bazzy" Basnett
Scott Fire

$5000

Kaz
sWo Beast

$1000

"Wildfire" Laura Phoenix
Mallory Fox
Tessa

The contracts will not take effect until December 2006, which will give I.V Inc.'s outside auditor an opportunity to go over the financial records as well as the won-loss records for each individual and make any necessary adjustments to make certain that all reported numbers are correct. They assure everybody that they will not take away any monies previously earned. As far as they're concerned, December 2006 records will start with an entirely clean slate, money-wise. The new records will show everybody's yearly salary, plus the amount of any merchandise and logo T-shirt pay each participant accumulates after each show.

(OOC: In other words, gang, I'm making a change to my record keeping, as I've decided to use Version #1 of Graymar's COTG Business Model System, which deals with contracted wrestlers. The only aspects of Version #2 - the pay-per-draw system - that I intend to keep are:

1. The Draw calculation itself [Since, after I've reduced New Fans Earned by about 1/10, it now accurately shows how many fans are actually attending the shows.]
2. The merchandise sales and logo shirt sales
3. The Television Ratings and advertising revenue/loss calculation [Since it's originally part of the COTG-BMS, Version #1.]

I like to tweak things from time to time, in order to see what works best for me. I've also created databases in Microsoft Works for each member of the active roster that'll have records of each show a member was scheduled to appear, whether they competed in an singles or tag team match, whether they won or lost the match [If they win a title, it'll be noted under the win column], How many fans they earned for that night, merchandise pay, and Logo T-shirt Pay. I'll be using these databases to double-check myself to make sure that I'm giving everybody an accurate Draw. So far, as of this writing, I've only got 4 people completely done: Aaron Chiu, Adam Smasher, Jonny Knapik, and Zodiac. I hope to have all of the databases completely updated by the beginning of December 2006, when the contract system will take effect in PFW. If the system works well for me in PFW, I'll probably use them in my OWP-sanctioned promotions.)

[rock]

OOC: cool concept, I like it.

Rayd

["Big Time" Adam Smasher]

OOC:So.....where are Body Count and myself? Oh I know, it's cause I get the great $10,000 pay rate. Haha.

[dpbarnes]

adamsmasher said:

OOC:So.....where are Body Count and myself? Oh I know, it's cause I get the great $10,000 pay rate. Haha.

OOC: Body Count's on there under the $9000 contract listing. I don't know how I missed you, Adam. You're supposed to be under the $8000 contract listing. Sorry for the oversight.

["Big Time" Adam Smasher]

Wait a sec...my body guard makes more than me....that doesn't seem right...lol

[dpbarnes]

OOC: According to Graymar's system, contracts are equal to 10 Megacredits (about $10,000) minus a wrestlers Fatigue PIN rating. So since you've got a Fatigue PIN rating of (2), 10 minus 2 equals 8.