Auction Rules

The Springer Calcutta

Auction Format

  • Random 66 team order for bidding.
  • Cash only for all payments.
  • Minimum bid of $200 per team.
  • The highest bidder when the auction closes wins ownership of that team.
  • Winning bid team pays for team and gets paid if the team cashes in.

Buy-Back Option

  • Teams can buy back 50% of themselves from the winning bidder.
  • The buy-back price is 50% of the final auction price.
  • Buy-back must be completed before teeing off Saturday.
  • If a team exercises the buy-back, winnings are split 50% to the auction winner and 50% to the team.
  • If a team does not buy back, the auction winner receives 100% of winnings.

Payouts

90% of Flight Total goes to payouts. 10% is reserved for the overall champion shootout (top 3).

  • 1st Place: 50% of flight payout
  • 2nd Place: 30% of flight payout
  • 3rd Place: 20% of flight payout

Payment

  • Cash only - no exceptions.
  • All payments are due before the start of play.
  • This includes auction winning bids and any buy-back fees.

Leaderboard