Minimum Open Bid $100 - Minimum Bid Increments $50.
Any team not purchased will not be eligible for a Calcutta payout.
TEAM PURCHASE RIGHTS:
Any team that is purchased by someone who is NOT on their team has the right to purchase a 50% interest in their team by paying half of the bid amount to the buyer. This agreement must take place before the purchased team’s tee time at the tournament on Friday, June 22. The golf committee will keep a list of buyers’ phone numbers and will contact the team buyer if their team is in the winner’s bracket. All winning bids must be paid for before leaving the Petroleum Club on Thursday evening. Cash, Visa/Mastercard and checks are accepted.
Team composition cannot change after a team is sold in the Calcutta. If a no-show or player substitution takes place for a purchased team, the team will be disqualified from the Calcutta and the bid amount will be returned to the successful bidder. The team is still eligible for tournament prizes.
All Calcutta payouts are paid to the buyer of the team. Calcutta payouts are for NET scores only. 50% of the Calcutta is paid back; the remaining 50% is given to the Alliance as mandated by the Department of Revenue.
50% of the total bid proceeds collected benefit the Alliance. 50% of the proceeds is paid out to the top 10 winners, who receive a percentage of the payoff as follows:
1st Place 35%
2nd Place 25%
3rd Place 15%
4th Place 10%
5th Place 5%
6th Place 2%
7th Place 2%
8th Place 2%
9th Place 2%
10th Place 2%