Entry fee is $ 500, everyone has been paid promptly every year

If we have < 20 teams

Last unbeaten Team Wins $ 1,000

Second Place Wins $ 500

First Place wins the balance

Of course, once it gets down to 2 (or a few), remaining participants can split the pot any way they **unanimously** agree to (one objection from remaining participants, prize distributions will NOT be changed)

If we get to 20 participants, the payout will be

First place $ 7,500

Last unbeaten $ 1,000

2nd place $ 1,000 ($500 for < 20 entries)

3rd place $ 500 (no payout for < 20 entries)

If we have > 20 entries, the payouts will be the 20 team payout plus the additional funds allocated as follows

First place 75%

Last unbeaten 10%

2nd place 10%

3rd place 5%