Prize Money and 10 Bonus Pool

Transcription

1 Prize Money and 10 Bonus Pool

2 Players celebrating their victory with dance moves 10.1 Prize Money & Bonus Pool Athletes participating in an FIVB Beach Volleyball Senior World Championships, FIVB Beach Volleyball World Tour Grand Slam and/or FIVB Beach Volleyball Open event receive financial compensation on the basis of their final ranking place at each event. The compensation is composed of the Prize Money offered by the Organizers and the Bonus Pool allocated by the FIVB to all eligible athletes (as per point 10.3 below). The following amounts are in USD and are total per team. The same breakdown applies for men s and women s events. The status of the payment of Prize Money (including eventual sanctions deducted) and Bonus Pool is made available to each athlete through a dedicated online Player s Account. This information is confidential and can be retrieved by the athlete from the BVIS only by inserting his/her username and password. The username and password is generated upon the successful registration of the player with the FIVB, made by the National Federation concerned. In case an athlete loses his/her username and password, he/she can request it by sending an to vis@fivb.org and copying the Beach Volleyball Department. A dot/mark may appear when the bank account information is missing from the player s account. In the player s database, European athletes are required to enter the following information: name of the account holder, IBAN, Swift number or bank name and address. Non-European athletes are required to enter the following information: name of the account holder, his/her address, bank account number, bank name and address and Swift number. (Please see Chapter 12 for further details) Volunteers of the event in Gstaad with the winners For an event offering USD 500,000 Prize Money and Bonus Pool (FIVB Beach Volleyball Senior World Championships 2013) the following breakdown applies: Rank Prize Money Bonus Pool Total per team in USD in USD in USD 1 st x 1 30,000 30,000 60,000 2 nd x 1 22,500 22,500 45,000 3 rd x 1 17,500 17,500 35,000 4 th x 1 14,000 14,000 28,000 5 th x 4 9,000 9,000 18,000 9 th x 8 5,500 5,500 11, th x 16 3,500 3,500 7, rd x 4 2,400 2,400 4, th x 12 1,700 1,700 3,400 TOTAL 250, , ,000 For an event offering USD 220,000 Prize Money and Bonus Pool (FIVB Beach Volleyball World Tour Grand Slam) the following breakdown applies: Rank Prize Money Bonus Pool Total per team in USD in USD in USD 1 st x 1 18,000 15,000 33,000 2 nd x 1 12,000 10,000 22,000 3 rd x 1 9,000 7,500 16,500 4 th x 1 7,000 5,900 12,900 5 th x 4 5,500 4,500 10,000 9 th x 8 3,000 2,500 5, th x 8 2,000 1,700 3, th x 8 1,500 1,250 2,750 TOTAL 120, , ,000 For an event offering USD 75,000 Prize Money (FIVB Beach Volleyball Open) the following breakdown applies: Rank Prize Money in USD 1 st x 1 11,000 2 nd x 1 8,000 3 rd x 1 6,000 4 th x 1 4,500 5 th x 4 3,375 9 th x 8 2, th x 8 1, th x TOTAL 75, The FIVB has allocated a total of USD 500,000 in Bonus Pool for all FIVB Beach Volleyball Open events in The exact allocation per event will be outlined in the Event s Regulations for the last FIVB Beach Volleyball Open event of the 2013 season.

3 10.2 Prize Money Athletes participating in the Main Draw of an FIVB Beach Volleyball Senior World Championships, FIVB Beach Volleyball World Tour Grand Slam and/or FIVB Beach Volleyball Open event will receive a financial compensation based on the final ranking place achieved at each event. Prize Money allocated by the Organizers: Event Category Prize Money For a Single Gender Event FIVB Beach Volleyball World Championships USD 250,000 FIVB Beach Volleyball World Tour Grand Slam USD 120,000 FIVB Beach Volleyball Open USD 75,000 Organizers pay a License Fee to the FIVB for a net amount equivalent to the figures indicated above. Unless otherwise agreed by the FIVB and the Organizers, the License Fee must be paid by the Organizer to the FIVB as per the following schedule: 10% Upon Signature of the FIVB/NF-Promoter Agreement for the first year and by the end of October for the following year. 40% 90 days before the start of the event. 50% 60 days before the start of the event. Two months prior the event the FIVB will assess the status of the event s Prize Money received and at -45 days, in case of insufficient funds transferred, will notify the National Federations and athletes that the event is at risk. The following payment schedule will be followed by the FIVB Finance Department: Events Dates Payment due date 1 Fuzhou 28 April 13 May 2 Shanghai 5 May 20 May 3 Corrientes 26 May 10 June 4 The Hague 16 June 1 July 5 Rome 23 June 8 July 6 Stare Jablonki 7 July 22 July 7 Gstaad 14 July 29 July 8 & 9 Long Beach* & Anapa 28 July 12 August 10 Berlin 11 August 26 August 11 England* 18 August 2 September 12 Moscow 25 August 9 September 13 Vizag 8 September 23 September 14 Kampala* 29 September 14 October 15 Beijing 6 October 21 October 16 Sao Paulo 13 October 28 October 17 Xiamen 27 October 11 November 18 Phuket* 3 November 18 November 19 Durban 15 December 30 December * Events to be confirmed 10 PRIZE MONEY AND BONUS POOL 223

4 Players emotion after winning the match for the bronze medal In case of unsuccessful payment, after three (3) attempts to contact the athlete, the FIVB Finance Department will sends an official letter (to the National Federation and to the athlete) to inform them of the money transfer to the respective National Federation that will be debited within the following 5-10 days. In case of no response, the athlete s VISASP account is then debited and the FIVB Finance Department informs the FIVB IT Department to book the payment in VISASP. The FIVB will inform the athletes/national Federations in case the Prize Money will not be paid in time for any reason whatsoever. A bank charge for each wire transfer outside Switzerland will be deducted. Should a bank transfer bounce back due to insufficient information provided by the athlete (i.e. incomplete or obsolete information in the athlete s data base) a further bank charge shall be applied. The above principle applies if the responsibility of a transfer returned to the FIVB bank is on the side of the FIVB. The athlete is responsible for paying the relevant taxes for his/her earnings in his/her own country and he/she must update both his/ her bank account details and his/her personal information at the beginning of the contract year through the FIVB Beach Volleyball web based system. The athlete s Bank account must remain the same during the 2013 season in order to enable the FIVB to efficiently wire the Prize Money. The FIVB is not responsible for delayed payments caused by athletes incomplete or wrong bank account details and/ or personal information. In case of delays in updating such sections, the bank charges will be equally borne by the athletes and by the FIVB. It is the responsibility of the National Federations and athletes representative to encourage athletes to verify their personal data before their first event participation. Failure in updating such information will make it impossible for the FIVB to pay the Prize Money to the athletes concerned. Sanctions are deducted directly from the Prize Money earned by the athletes or must be paid 14 days prior to the start of the event the athlete will take part in. If a debt still exists, the National Federation concerned will be held accountable by the FIVB FIVB Bonus Pool A. General principles The FIVB Bonus Pool is in addition to the Prize Money and is allocated by the FIVB to encourage the participation of the best athletes, as well as teams from new countries at FIVB Beach Volleyball tournaments. The FIVB Bonus Pool allocated by the FIVB is as follows: Event Category Prize Money For a Single Gender Event FIVB Beach Volleyball World Championships USD 250,000 FIVB Beach Volleyball World Tour Grand Slam USD 100,000 The FIVB has allocated a total of USD 500,000 in Bonus Pool for all FIVB Beach Volleyball Open events in The exact allocation per event shall be outlined in the Event s Regulations of the last FIVB Beach Volleyball Open event during the 2013 season. B. Eligibility of athletes The following athlete eligibility requirements apply for the 2013 FIVB Bonus Pool: Mandatory registration for the FIVB Beach Volleyball World Championships; Mandatory participation in the FIVB Beach Volleyball World Championships for the eligible teams; Participation in a minimum of ten (10) FIVB Beach Volleyball events, including the FIVB Beach Volleyball World Championships, FIVB Beach Volleyball World Tour Grand Slam and FIVB Beach Volleyball Open events of the 2013 season. One (1) withdrawal for a Medical reason from any of the above mentioned eligible events per athlete during the 2013 season shall be accepted by the FIVB. A valid withdrawal for a Medical reason should be submitted to the FIVB no later than 14 days after the end of the event concerned by the National Federation of the athlete through a BVB-03 form accompanied by a Medical Certificate signed and sealed. A decreasing % scale of 2013 FIVB Bonus Pool earned shall be applied for athletes that have taken part in less than ten (10) FIVB Beach Volleyball events, including FIVB Beach Volleyball World Championships, FIVB Beach Volleyball World Tour Grand Slam and FIVB Beach Volleyball Open events during the 2013 season: 224 Players trophies given by the organizers

5 C. Payment procedure The 2013 FIVB Bonus Pool shall be paid to eligible athletes through a bank transfer with bank charges deducted in one installment as follows: by December 20, 2013 for all eligible athletes. % of Total Bonus Pool Participation 10-1 event due to a Medical reason events 90 7 events 80 6 events events 0 If an athlete is declared ineligible (e.g. insufficient participations, disqualification, breach of athlete s commitment terms, etc.) the FIVB Bonus Pool will be retained by the FIVB and no further reallocation of the FIVB Bonus Pool will be permitted. When a Bonus Pool payment is wired to an athlete and the amount returns to the FIVB bank account, the FIVB Finance Department re-sends this amount to the athlete concerned after verifying the bank information provided. All payment procedures are enlisted in paragraph D. Cancellation of events In case an event is cancelled the FIVB has the right to retain the amount of unpaid Bonus Pool. The FIVB (or its Organizers) is not accountable for any reimbursements of airplane tickets booked for a cancelled event if the FIVB has informed all parties involved about the cancellation at least 30 days prior to the start of the event. Any eventual enquiries concerning payment(s) must be sent to the Beach Volleyball Department (beach@fivb.org) and the Finance Department (finance.beach@fivb.org). GSTAAD / SWITZERLAND 10 Larissa-Juliana PRIZE MONEY AND BONUS POOL US$ 33,000 This check is for presentation purposes only and is not intended for collection. GSTAAD / SWITZERLAND Boss-Ross US$ 22,000 This check is for presentation purposes only and is not intended for collection. GSTAAD / SWITZERLAND Nystrom-Nystrom US$ 16,500 This check is for presentation purposes only and is not intended for collection. Samples of cheques to be produced for a Grand Slam equal opportunities for men and women 225

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