Apparently, there’s a million-dollar fantasy football league out there on Wall Street. So sayeth The Wall Street Journal (via FanNation), whose reporting on draft strategy hasn’t quite measured up to their reporting on grain futures. Where are our priorities, people?
According to one league member who declined to be identified, the participants have decided not to expand beyond 10 teams, and there’s a waiting list to get in. “We’re not trying to exclude people,” the person said. “It’s just boys being boys.” [...]
According to two participants and several business associates of league members, each of its 10 teams pays $100,000 to enter. The winner takes home a grand prize of $600,000, with $300,000 going to the second-place finisher and $100,000 for third place. These sums dwarf the typical pot for a fantasy football league, where each member antes up somewhere between $250 and $500 and the winner’s prize rarely exceeds $3,000.
Participants say the winnings are donated to charity. The top three finishers choose which philanthropies receive their prize money.
What the ballsack? Top three get paid? What kind of pinko league is that? No wonder the markets are in shambles right now. And who the hell are these “typical owners” putting up $500 each? That seems awfully expensive for drafting Antonio Gates in the second round.