SportFishing and Charters Forum - Tournament winnings split....

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View Full Version : Tournament winnings split....


Rod27
04-15-2011, 07:48 AM
Again.....crewmember is nickel and diming me......i said boat gets a share of any winnings and expenses are split up front, of which i usually under estimate it and pay out of pocket. I also end up catching all the bait and the expenses associated with that in gas, and i ice the boat up on my own dime. What does the gallery say? Does the boat get a share of the winnings?


maxwolf
04-15-2011, 08:00 AM
Most often the boat gets a full share.Regardless,the Capt makes the ultimate decision how the winnings are split(in advance of course) and if a particular crew member is unhappy he should keep his mouth shut and find another boat to fish on.

GT FISH
04-15-2011, 08:01 AM
Yes boat gets a share!


Antares13
04-15-2011, 08:22 AM
Boat gets a share.

Seamus Day
04-15-2011, 08:22 AM
our boat gets a share first and foremost and if someone doesn't like it they can go forth and multiply! Sounds like you need some new crew! If you are prepared to carry the investment of the boat and provide all the bait, ice etc. sounds like you are being too nice and they are taking advantage.

A Few Dollars
04-15-2011, 08:24 AM
boat gets 1/3, capt gets 1/3, crew splits 1/3

Don't like it - Don't fish.

James36c
04-15-2011, 08:25 AM
deduct all expenses from winnings split balance between crew and one for the boat. tell them if they dont like it to buy there own boat and you will fish on it and they can eat the expenses ;?

Rod27
04-15-2011, 08:42 AM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?

earlyriser
04-15-2011, 08:50 AM
Right 100%:)

Rod27
04-15-2011, 08:52 AM
Not so fast. You pay me $1k not to fish, leaving $9k to split between boat,capt and crew. I didn't even look to see what second pays.

Huh? I don't understand.

Antares13
04-15-2011, 08:59 AM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?



Yea. If you dont like it get your own boat.

seaquin
04-15-2011, 10:08 AM
if they dont contribute for the tourney then they shouldnt expect any of the winnings, just a regular day of fishing but with a new t shirt and a weigh in party simple as that

im in coral gables at the U if you need crew send me a pm
i know my stuff and wont take a share, just need a boat to jump on

tunatango123
04-15-2011, 10:36 AM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?




this is the way I do it. If they dont like it let them fork out 250k for a boat.

lumberman
04-15-2011, 10:47 AM
we do the same.. take the winnings, deduct taxes because YOU will pay them. Then.. deduct all expences, then split the rest up 5 ways.. 1 for the boat and each of the 4 members of the team.

SCSaltwater
04-15-2011, 10:48 AM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?

:thumbsup: Exactly, just be sure to let them know before hand so theres no confusion later down the road.

rcoleman
04-15-2011, 10:48 AM
Sounds right to me as well.

As others have said, you dont like it get the F off my boat.

rcoleman
04-15-2011, 10:49 AM
we do the same.. take the winnings, deduct taxes because YOU will pay them. Then.. deduct all expences, then split the rest up 5 ways.. 1 for the boat and each of the 4 members of the team.


Aw yes, taxes! forgot about those fun things. Split is AFTER taxes are set aside.

CG_MKC
04-15-2011, 12:08 PM
What people dont understand is the cost in owning a boat these days, much less taking it out and running hard for a week/weekend of tourney fishing. Some people have the mindset of you got a boat, we will pitch in for SOME of the expenses and you take us fishing.

Ask them if they chartered a boat for a tourney, do they expect to go for free?

Do all the negotiating up front so there hopefully are no hard feelings at the end.

SCSaltwater
04-15-2011, 12:12 PM
Do all the negotiating up front so there hopefully are no hard feelings at the end.

Exactly, I've been the guy running the boat and Ive worked on others boats.And no matter if Im the guy collecting money or paying someone else I always like to get everything out of the way the night before just so once we're on the water, I don't have to worry about the financial situation again until its time for payout.:grin:

Sudden Strike Fishing
04-15-2011, 05:27 PM
Again.....crewmember is nickel and diming me......i said boat gets a share of any winnings and expenses are split up front, of which i usually under estimate it and pay out of pocket. I also end up catching all the bait and the expenses associated with that in gas, and i ice the boat up on my own dime. What does the gallery say? Does the boat get a share of the winnings?

If ALL expenses are shared equally then the winnings should be shared equally!!! If you are doing or paying more then the rest then YOU decide the split as the boat owner and if someone does not like it then tell them to enter THEIR own boat!!!

tokinred
04-15-2011, 06:27 PM
Damn, you are more patient than i am. The crew member in question should become crew on another boat. I have found that the best crew members are FORMER boat owners. They understand. I agree with A Few Dollars for the record.

Rod27
04-15-2011, 06:33 PM
He didn't agree, got pissed off and and backed out. He said stuff like times were tough, some other guys paid for their crew, it made no sense for the boat to get a share.....yada yada yada.....stuff like that. But he's going to Vegas next weekend so I guess things aren't that bad. It's cool.....he saved his money but probably lost a bit more. Plus the good friend I had told no gets to fill his spot.

Thx for the info....I wanted to make sure I was being fair.

tokinred
04-15-2011, 06:43 PM
To be clear, you were being WAY more than fair. You spend 7-10 years in college so you can afford the better things in life and this fella feels entitled to his share of your hard work--BS. Good riddance to bad rubbish.

Miss Trial
04-15-2011, 06:44 PM
Always best to get the money squared away before you leave the dock.

Rod27
04-15-2011, 06:51 PM
Tournament is 2 weeks away.

Miss Trial
04-15-2011, 06:57 PM
Here's one I did, you are welcome to steal it.

http://i254.photobucket.com/albums/hh87/stebab/Untitled-19.jpg

Capt Lindsay
04-15-2011, 07:46 PM
Assuming this is a charter - Expenses come off the top. The balance is then split as follows: Boat, full share; Captain, full share, Mate(s), full share, balance split evenly among the rest of the crew.

We actually sign a contract with the charter party prior to the event. That way there are no misunderstandings.

Rod27
04-15-2011, 07:49 PM
Thx Miss Trial.....that's awesome of u. You are the King of Awesomeness.

SCSaltwater
04-15-2011, 07:51 PM
Here's one I did, you are welcome to steal it.



Should add a line at the bottom for your boat to sign, and sign it by drawing a prop.:thumbsup: Guess that wouldn't look so great if you had to bring it to court though. lol

grouperkng
04-15-2011, 09:03 PM
Hum .. going to disagree if it is a true to the term "charter " as mentioned a few times here. If I hire a charter boat at let's say 3000$ - 8000$ to fish a turny they have been paid up front for any winnings up front with 0 risk . I would be taking all the risk as the customer . If they don't put me on fish no sweat off their balls they have been paid.. its on me to tip them out if we win, but nothing more if i paid for the charter. I have ran charters and that is how we worked it. If we were to place in the money the customer normally tipped us fat. This changes is everyone is sharing expenses up front .. then it gets split up as mentioned in previous post

*EDIT, Risk as in not placing in the money and being out of pocket for the turny.

Miss Trial
04-16-2011, 04:21 AM
Hum .. going to disagree if it is a true to the term "charter " as mentioned a few times here. If I hire a charter boat at let's say 3000$ - 8000$ to fish a turny they have been paid up front for any winnings up front with 0 risk . I would be taking all the risk as the customer . If they don't put me on fish no sweat off their balls they have been paid.. its on me to tip them out if we win, but nothing more if i paid for the charter. I have ran charters and that is how we worked it. If we were to place in the money the customer normally tipped us fat. This changes is everyone is sharing expenses up front .. then it gets split up as mentioned in previous post


I would agree with that. I'm not sure how this really works, because i've never chartered in a tournament, but seems like if you were paid your charter fee, you would be paid in full.

Striper4
04-16-2011, 05:05 AM
[quote=Rod27;3686114]He didn't agree, got pissed off and and backed out. He said stuff like times were tough, some other guys paid for their crew, it made no sense for the boat to get a share.....yada yada yada.....stuff like that. But he's going to Vegas next weekend so I guess things aren't that bad. It's cool.....he saved his money but probably lost a bit more. Plus the good friend I had told no gets to fill his spot.

Rod27,

Exact same thing happened to me a couple Tournaments ago. Co-worker wanted to fish a Tourney with me but didnt like the idea of the boat getting a cut. After explaining all the expenses and then letting him know that if he didnt like it he didnt need to fish. (on my boat anyway) He finally agreed and fished the Tournament and had a Great Time. I also do not nickel and dime the crew and always pay more than my share wether its a Tournament or just a regular fishing day.

bluewaterseeker
04-16-2011, 05:10 AM
I don't tournament fish but if I did I would use A Few Dollars scenario. 1/3 to boat, 1/3 to captain and 1/3 to crew. This would be after expenses and taxes were taken out.

Non boat owners have no idea how much money we spend all year long.

Duma Key
04-16-2011, 06:01 AM
MT:

Why does your contract identify 'firemen' in #3?

Miss Trial
04-16-2011, 06:08 AM
MT:

Why does your contract identify 'firemen' in #3?

In case a fire breaks out during the tournament. Duh.

Duma Key
04-16-2011, 06:21 AM
"In case a fire breaks out during the tournament. Duh."

Ahhhhh. Then maybe you should have a #4. which addresses qualified barmaids in case any cold beer breaks out during that same tournament......;)

swellhunter
04-16-2011, 06:29 AM
My tournament crew are guys that know the deal.

My policy is all expenses are split up front. Entry, fuel, ice, bait, calcuttas, etc.

Then, if we cash in we deduct taxes right off the top of the winnings. Then we make one more share then there are guys. The boat gets half of that share. The other half of that share is split between everyone.

Say we have $4000 after taxes and 3 guys total with me included. We each get $1000 up front. My boat gets $500. Then we split the last $500 three ways or $166 each.

So I walk with $1666 and each crew with $1166.

I believe offering a good payout gets me good crew. I expect to maintain my boat anyway as it is part of being an owner. Any additional $ is just a bonus to me. I put any winnings back into the boat as it is.

fishinmaniac
04-16-2011, 08:49 AM
Boat absolutely gets a share, it should receive a bigger share than the crew IMO. I haven't done the tournament thing but I would want the boat getting closer to 1/2, running hard for a tournament tends to break things and breaking chit is expensive. If they don't like it then I'm sure you can find someone who is cool with it.

grouperkng
04-16-2011, 09:02 AM
Assuming this is a charter - Expenses come off the top. The balance is then split as follows: Boat, full share; Captain, full share, Mate(s), full share, balance split evenly among the rest of the crew.

We actually sign a contract with the charter party prior to the event. That way there are no misunderstandings.
I was going off this post the assuming this is a charter part...

auguste
04-16-2011, 10:15 AM
Here's one I did, you are welcome to steal it.

http://i254.photobucket.com/albums/hh87/stebab/Untitled-19.jpg


Nice and simple and fair

Great job :)

jdm61
04-16-2011, 01:39 PM
Back when we were chartering boats for a tournament i the Panhandle, anglers paid the cost of the charter, entry fees, calcutta entry, etc. Anglers got 60% and boat/captain/crew/what have you got 40% and argued amongst themselves over how to split it. Not sure how the expenses were dealt with.;? My dad, brother and a couple of friends won Bay Point back around '89 and I remember the total prize being well north of $150,000, so the "boat got better than $60K before taxes, etc. It may have been more because my brat of a younger brother had enough left over to buy a brand new Mustang GT convertible for cash.:mad::grin:

76 Stamas
04-16-2011, 07:23 PM
Boat should always get a share. Unless everyone who is part of the team wants to pitch in for Insurance, maintainence, depreciation and the eventual re-power one day. Also depreciation, on the use of the tow vehicle (where applicable), trailer and everything else.

auguste
04-17-2011, 05:05 AM
A factor influencing the size of the boat's share is the number of crew fishing with you.

The larger the crew the smaller the share for the boat

Just thinking out loud ;cool;

C Skip R
04-17-2011, 05:26 AM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?

No I would deduct all of your expenses from the top ($10,000) and then split it how you want with the crew and boat. What happens if the $250 a person doesn't cover your expenses? Are you out the difference? You have alot more to lose and the chances of your team winning are probably not in your favor. Just my opinion.

Tower Todd
04-19-2011, 09:49 AM
Instead of taking out taxes, can't you just give each person a 1099?

offshore3144
04-19-2011, 11:34 AM
we do the same.. take the winnings, deduct taxes because YOU will pay them. Then.. deduct all expences, then split the rest up 5 ways.. 1 for the boat and each of the 4 members of the team.

This is what many that I know do. Boat always gets its own share.

Pipo6007
04-20-2011, 11:57 AM
What if your boat breaks down during the tournament do the anglers get a refund or do they have to pay the expenses for the repair?

alacrity
04-20-2011, 06:06 PM
i have found that sometimes people take for granted your generosity. it seems that is the case here. if people understood all of the money that goes into fishing and the little most owners ask of guests, they would pay double and keep their mouths shut.

like rod27,. i take a lot of people out on my boat and do not expect them to contribute much. they have other priorities and cannot afford to contribute money, but they contribute in sweat and labor and without them i could not fish some times.

if the norm is that the boat takes a share, then that's the norm. it is what it is.

Rod27
04-20-2011, 06:35 PM
it is what it is.

What does that mean?....:grin:

freeporttuna
04-21-2011, 04:17 AM
Bait fuel ice tourny entry and any tourny expensis get split equally among capt and crew.I lay it all out and right it down.Byob and your own food no liquor,no drunks,I explain the aproxamet cost with the fuel being the only tangeable depending on where we are going to fish,that everything is split evenly with the boat getting a cut of any winnings.Any one that even questions it I say stay home.

Shady Business
04-21-2011, 04:37 AM
Also remember it costs $15 an hour to run the boat before fuel. 100 hour service on three motors is at least $1500.

ReelAddiction001
04-21-2011, 05:36 AM
Expenses are split, and winnings are shared equally among the crew, and the boat gets a share. Always been.

tunatango123
04-21-2011, 08:43 PM
Instead of taking out taxes, can't you just give each person a 1099?


the 1099 goes in one persons name who signed up for the tournament , so taxes off the top and go in a seperate envelope.

The Neighborhood Hooker
04-27-2011, 08:22 AM
Here's a gray area scenario. My buddy and I both own boats and we fish together all the time on eachothers boats. We split everything all spring, summer and fall. Come tourney time, we opt to take his boat due to comfort and fuel efficiency. We're not talking hundred thousand dollar boats and we're not talking more than $500 for bait, fuel, food, beer, etc. We both have overhead expenses throughout the year which we take care of on our own. We are more than willing to fish our own boats but choose not to because 1. We're a good team. and 2. We enjoy eachothers company and ideas.

So come tourney time, he feels the boat (his) should get a share and I don't. My arguement is that it is just like every other day of fishing and the Tournament label is just that, a label. In the past, on my boat, any tourney winnings were split evenly as were the expenses. To me, it was just another day of fishing with a chance to win some money. Heck, I woulda been fishing anyway.

I can uderstand all of your views as it sounds like your crews don't own their own boats. If that were the case, I don't have an issue with the boat getting a share. What are your thoughts? Should we fish separately or in this case, do you feel the boat is entitled to its own share?

offshore3144
04-27-2011, 08:35 AM
Here's a gray area scenario. My buddy and I both own boats and we fish together all the time on eachothers boats. We split everything all spring, summer and fall. Come tourney time, we opt to take his boat due to comfort and fuel efficiency. We're not talking hundred thousand dollar boats and we're not talking more than $500 for bait, fuel, food, beer, etc. We both have overhead expenses throughout the year which we take care of on our own. We are more than willing to fish our own boats but choose not to because 1. We're a good team. and 2. We enjoy eachothers company and ideas.

So come tourney time, he feels the boat (his) should get a share and I don't. My arguement is that it is just like every other day of fishing and the Tournament label is just that, a label. In the past, on my boat, any tourney winnings were split evenly as were the expenses. To me, it was just another day of fishing with a chance to win some money. Heck, I woulda been fishing anyway.

I can uderstand all of your views as it sounds like your crews don't own their own boats. If that were the case, I don't have an issue with the boat getting a share. What are your thoughts? Should we fish separately or in this case, do you feel the boat is entitled to its own share?

The boat always gets a share whether it is a friends or not. If someone doesnt like it then they should fish there own boat. Though I dont fish tournaments anymore if I fished one of my present crews boats (They all have boats) it would not be a issue with anyone. The boat will always get a share after all expenses and taxes are paid....

signmansez
04-27-2011, 02:23 PM
Let's not forget the all important FISHING LICENSE CHECK! Make sure all crew and anglers have them, no need for a repeat of the Big Rock fiasco!

http://offthebench.nbcsports.com/2010/06/24/three-hours-and-eighteen-minutes/

Weekend-Hooker
04-27-2011, 03:10 PM
How about.....boat gets pulled 1,000 miles....not room in the tow vehicle for everyone.....so another car is required to carry remaining crew....tow vehicle gas is taken out of the winnings.....extra vehicle...you're on you're owne or should it be totaled also....

76 Stamas
04-27-2011, 05:21 PM
How about.....boat gets pulled 1,000 miles....not room in the tow vehicle for everyone.....so another car is required to carry remaining crew....tow vehicle gas is taken out of the winnings.....extra vehicle...you're on you're owne or should it be totaled also.... Good point, but it's what I tell my crews in my construction business. It's not my expense to get you to your job (if a job is what you consider being a winder on a boat you don't own).
I tell them, show up and you will get paid what we agreed to.
If it's a long trip then I could understand paying for the fuel of the fishing crew coming in on a long drive. Varibles exist in every situation and travel should be part of the agreement before you leave the Casa. I would be the first to pay for their fuel. My most obvious question is, are you fishing in a tournment to make money as a crew, or are you there to enjoy the respect of your abilities and to be invited to participate in the first place?
I fished the Pompano Rodeo many years and won it back in 1980 with some good friends. We had no problem making the split.

iFishMD
04-27-2011, 05:43 PM
If they dont want the boat to get a share, ask that they pay a portion of all the service, repairs, slip fees, etc throughout the year.

tango2echo
04-27-2011, 07:10 PM
What I have always done on my boat is estimate the expenses. Give the crew a ballpark figure, plus 20% and they put this much down in a "deposit". Then we fish the event and save all recepts. At the end of the event the "actual expense" is calculated, the taxes are set aside, and the shares are divided. If actual expense is less than estimated expense the crew is refunded the difference plus winnings (if any), with the boat taking an equal share to the anglers.

When running anyone elses boat I do 1/3rd to the boat 1/3rd to the Capt. (me), and split 1/3rd between the crew. The expense is figured into the cost of the Charter and everything is paid up front. Taxes come off the top.

t2e

signmansez
04-27-2011, 07:22 PM
http://www.thehulltruth.com/attachments/sportfishing-charters-forum/170081d1303949968-tournament-winnings-split-old_rodeo_046.jpg
DUDE!:rofl:

76 Stamas
04-27-2011, 07:43 PM
http://www.thehulltruth.com/attachments/sportfishing-charters-forum/170081d1303949968-tournament-winnings-split-old_rodeo_046.jpg
DUDE!:rofl: Yep. Old. Goggle eyes an in a 21 mako when we won it. Pissed the big boy's off. It was actually in 1982 with Ed Shadoin and Kevin Mac.

wannabefishin
04-27-2011, 08:25 PM
myself and my uncle are the only paying members of the team. we split expenses 50/50 and would split winnings 50/50.........IF we won, thats a huge if.

WildLines
04-28-2011, 05:37 PM
Here's one I did, you are welcome to steal it.

http://i254.photobucket.com/albums/hh87/stebab/Untitled-19.jpg


Very nice agreement......I am going to go out on a limb an say you are an attorney. :)

All I will say is this...I fish for fun, with people I like and enjoy. If I need a signed contract with them then I need a new crew to fish with. Obviously, if you are hiring professional mates and captains then the game changes.

As for Rod's question...boat gets a share. Good luck in 2 weeks.

Rod27
04-28-2011, 08:18 PM
tournament is this saturday.......im with u guys saying you want to fish with guys you enjoy spending time with and dont need a contract. I am happy to say i wont need a contract for this weekend. I bought into the calcutta too......it will be split evenly despite it being a last second decision on my part.

Killer&Griller
04-28-2011, 08:29 PM
Just so I'm clear.....$500 entry fee, 100 gallons of gas is about $500(we will probably burn 150+)=$1000.......I'm asking 250 from each crew member including me 4x$250=$1000. If we win $10,000, it gets split 5 ways. So then each crew gets $2000, but I get $4000 cuz I'm the boat owner. Correct?

Correct.......... almost.

1099 the individuals since it is over $ 500 each.

If they don't want to do that, don't let them crew with you.

Because so many individuals are in different tax brackets, do 1099 so you have NO LIABILITY on your end.

Good luck with the tourney.



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