HITFAIR Tournament
HITFAIR is an acronym ...
Championship team: $96,000 ($4,800 x 20 players)
Runner-up team: $50,000 ($2,500 x 20 players)
Playoff non-final team
(3rd place in playoffs): $16,000 ($800 x 20 players)
Playoff non-final team
(4th place in playoffs): $16,000 ($800 x 20 players)
Wildcard losing team: $10,000 ($500 x 20 players)
6th place team: $2,000 ($100 x 20 players)
7th place team: $2,000 ($100 x 20 players)
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Total rebates: $192,000 ($200K less 4% excise tax)
Note: Except for diminimis rebates ($100 per player - which are made directly to players), rebates are distributed by check made payable to the player and the team entity, primary sponsor or licensed team manager. For free-agent players and others with multiple sponsors, distributions may be made to players as carryovers to a future tournament or by check, disbursed as set forth above. HITFAIR, LLC intends for no player's rebate to result in income, neither for potentially nullifying an athlete's amateur status, nor for income tax purposes.