Showing posts with label Prize money. Show all posts
Showing posts with label Prize money. Show all posts

Sunday, November 7

Higher prize money for marathon

The RAK Half Marathon 2011 offers over 250,000 USD in cash prizes!
Half Marathon - Open Category - List A
Position Men Women
1 $ 25,000 $ 25,000
2 $ 12,000 $ 12,000
3 $ 9,000 $ 9,000
4 $ 5,000 $ 5,000
5 $ 4,000 $ 4,000
6 $ 3,000 $ 3,000
7 $ 2,000 $ 2,000
8 $ 1,500 $ 1,500
9 $ 1,000 $ 1,000
10 $ 500 $ 500
Totals $ 63,000 $ 63,000
CR* $ 5,000 $ 5,000

Half Marathon - Masters Category (Men 45 / Women 40 )* - List B
1 $ 1,000 $ 1,000
2 $ 750 $ 750
3 $ 500 $ 500
CR* $ 500 $ 500

Special prizes for UAE Resident participants** - List C
1 $ 3,000 $ 3,000
2 $ 2,000 $ 2,000
3 $ 1,000 $ 1,000
CR* $ 1,000 $ 1,000

Special prizes for UAE National participants** - List D
1 $ 3,000 $ 3,000
2 $ 2,000 $ 2,000
3 $ 1,000 $ 1,000
CR* $ 1,000 $ 1,000

Special prize for Fastest Relay Team - List E
1 $ 3,000
2 $ 2,000
3 $ 1,000
CR* $ 1,000

Inter-School Team Relay Challenge - List F
1 $ 2,500
2 $ 1,500
3 $ 750

Inter-College/University Team Relay Challenge
1 $ 2,500
2 $ 1,500
3 $ 750

Half Marathon World Record Bonus - $50,000
CR* - Course Record (New) (Course Records listed below)

Prize Money Rules

* Only runners, who are awarded an official time by crossing the Finish Line wearing their registered Timing Chip, will be entitled to prize money. In addition, all prize winners must have a recorded time at each of the ChampionChip timing positions along the course. No Chip, No Time, No Prize Money!
* Winners in the Men's Open Category positions 1-5 must finish in 60:00minutes or less to qualify for 100% of the advertised prize. Failure to finish within this time bracket will reduce the prize by 25% value*.
* Winners in the Women's Open Category positions 1-5 must finish in 70:00minutes or less to qualify for 100% of the advertised prize. Failure to finish within this time bracket will reduce the prize by 25% value*.
* Only those Half Marathon runners, who finish within 2 hours from the start time and fall within the finish positions as indicated in the prize money structure, will be entitled to prize money in their respective categories.
* In the event of an athlete failing the dope test, he or she will not be eligible for prize money or an official time and will be disqualified from the race. Such athletes may also be reported to the National Federation and/or the IAAF. Furthermore disqualified athletes will be barred from competing in any Premier Marathons race for a period of twenty-five (25) months.

* Any runner, UAE National, resident or international, who is one of the top overall finishers in the Half Marathon Open Category, will be entitled to Prize Money stated in List A . The first 3 UAE Resident or UAE National finishers will be entitled to prize money in List C or List D respectively. However, where a UAE Resident or UAE National runner finishes as one of the top overall finishers, he/she will receive the prize money stated either in List A or List C or List D, but whichever is the higher amount. In the instance of an UAE Resident or UAE National runner receiving the higher prize money amount from List C, there will be NO CHANGE in the overall finishing positions in List A; the overall finishing positions remain the same. In the instance of an UAE Resident or UAE National runner receiving the higher prize money amount from List A, there will be NO CHANGE in the overall finishing positions in List C or List D; the overall finishing positions remain the same.

* Where a School or University Team finishes as one of the top three overall fastest teams, they will receive the prize money stated in either List E or List F, but whichever is the higher amount. No duplication of prizes will be awarded. In the instance of a school or university team receiving the higher prize money amount from List E or List F, there will be NO CHANGE in the overall finishing positions in either List F or List E respectively; the overall finishing positions remain the same.

* Prize winners declared post event must submit their proof of age (original documents may be requested) and such other documents as may be required by the event organizers for disbursement of prize money.

* No prize winnings will be paid from Lists A, C or D until the complete results of the dope testing have been received and the Race Judges have issued their final decisions.

* UAE National or UAE Resident winners will receive prize money equivalent in UAE Dirhams calculated at the applicable exchange rate.

* To qualify for prize awards in List F all Teams must consist of 4 members who must all be registered as full time students of the same educational institution on February 18th 2011. Each educational team category must have a minimum of three teams who register and compete on Race Day for prize money to be awarded.

* Prize money winnings are subject to 'Charity Race Tax' whereas 10% of all prize winnings will be donated / gifted to the Official Race Charity.

* The Executive Organizing Committee reserves the right to substitute any prize at its discretion for an equal or greater value prize. The decision of the officially appointed judges and the Race Director is final.

* **To qualify for these prize categories you must be a UAE National or have held UAE Nationality for a period of at least 5 years or be a non-UAE national but have valid UAE residency (held for at least 1 year) (resident) in the UAE on Race Day.

* *Masters Men=born on or before 18.02.1966; Masters Women=born on or before 18.02.1971)

*Time/Prize value conditions will not apply if the temperature rises above 26 degrees Celsius before the leaders reach the 15km point on the course.

Course Records

Half Marathon - Open Category - Men - List A
Course Record: 58:52 - Patrick Makau 2009

Half Marathon - Open Category - Women - List A
Course Record: 1:07:07 - Elvan Abeylegesse 2010

Half Marathon - Masters Category - Men - List B
Course Record: 1:16:00 - Alemayehu Sitotaw 2010

Half Marathon - Masters Category - Women - List B
Course Record: 1:25:35 - Fiona Kennedy 2007

Half Marathon - UAE Resident Category - Men - List C
Course Record: 1:06:22 - Othmane Chaibi 2009

Half Marathon - UAE Resident Category - Women - List C
Course Record: 1:22:00 - Anne-Mari Hyrylainen 2008

Half Marathon - UAE National Category - Men - List D
Course Record: 1:10:51 - Saif Hamed Al Rashidi 2010

Half Marathon - UAE National Category - Women - List D
Course Record: N/A

Relay Team Challenge - List E
Course Record: 1:10:24 - Al Ain 2007


(source:rakmarathon.org)

Thursday, October 14

Prize money

Generally, prize money, purse money, or just purse is a monetary prize awarded for winning or coming a place in a competition such as horseracing, boxing, auto racing, golf, tennis, etc. Prize money also has a distinct meaning in naval warfare; it was a monetary reward paid out to the crew of a ship for capturing an enemy vessel,.



Royal Navy prize money,
.
Prize money History,
In the 16th and 17th centuries, captured ships were legally Crown property. In order to reward and encourage sailors' zeal at no cost to the Crown, it became customary to pass on all or part of a captured ship's value to the capturing captain for distribution to his crew. (Similarly, all belligerents of the period issued Letters of Marque and Reprisal to civilian privateers, authorizing them to make war on enemy shipping; as payment, the privateer sold off the captured booty.)
This practice was formalized via the Cruizers and Convoys Act of 1708. An Admiralty Prize Court was established to evaluate claims and condemn prizes, and the scheme of division of the money was specified. This system, with minor changes, lasted throughout the colonial, Revolutionary, and Napoleonic wars.
If the prize were an enemy merchantman, the prize money came from the sale of both ship and cargo. If it were a warship, and repairable, usually the Crown bought it at a fair price; additionally, the Crown added "head money" of 5 pounds per enemy sailor aboard the captured warship. Prizes were keenly sought, for the value of a captured ship was often such that a crew could make a year's pay for a few hours' fighting. Hence boarding and hand-to-hand fighting remained common long after naval cannons developed the ability to sink the enemy from afar.
All ships in sight of a capture shared in the prize money, as their presence was thought to encourage the enemy to surrender without fighting until sunk.
The distribution of prize money to the crews of the ships involved persisted until 1918. Then the Naval Prize Act changed the system to one where the prize money was paid into a common fund from which a payment was made to all naval personnel whether or not they were involved in the action. In 1945, this was further modified to allow for the distribution to be made to RAF personnel who had been involved in the capture of enemy ships,.


Prize money Distribution,
The following scheme for distribution of prize money was used for much of the Napoleonic wars, the heyday of prize warfare. Allocation was by eighths. Two eighths of the prize money went to the captain, generally propelling him upwards in political and financial circles. One eighth of the money went to the admiral or commander and chief who signed the ship's written orders (unless the orders came directly from the Admiralty in London, in which case this eighth also went to the captain). One eighth was divided among the lieutenants, sailing master, and captain of marines if any. One eighth was divided among the wardroom warrant officers (surgeon, purser, and chaplain), standing warrant officers (carpenter, boatswain, and gunner), lieutenant of marines, and the master's mates. One eighth was divided among the junior warrant and petty officers, their mates, sergeants of marines, captain's clerk, surgeon's mates, and midshipmen. The final two eighths were divided among the crew, with able and specialist seamen receiving larger shares than ordinary seamen, landsmen, and boys.[
As complex as this scheme was, it was replaced by one of even greater complexity in the reforms of 1808. In this process, the admiral received one twelve of the prize money, the captain received one sixth, the wardroom officers one eighth, the standing warrant officers received one eighth and the remaining half was distributed among the rest of the crew, based on their ranks, not evenly. This new division benefited the petty officers and able seaman who dominated the one half divided amongst the sailors and brought complaint from the Captains who received less,.


Prize money Examples,
Perhaps the greatest amount of prize money awarded was for the capture of the Spanish frigate Hermione on May 31, 1762 by the British frigate Active and sloop Favourite. The two captains, Herbert Sawyer and Philemon Pownall, received about £65,000 apiece, while each seaman and Marine got £482-485.
In January 1807, the frigate Caroline took the Spanish San Rafael as a prize, netting Captain Peter Rainier £52,000.
The prize money from the capture of the Spanish frigates Thetis and Santa Brigada, £652,000, was split up among the crews of four British frigates, with each captain being awarded £40,730 each and the Seaman each receiving £182 4s 93/4d or the equivalent of 10 years pay.
The crewmen of USS Omaha hold the distinction of being the last American sailors to receive prize money, for taking a German blockade runner on November 6, 1941, just before America's entry into World War II, though the money would not be awarded until 1947.



(source:wikipedia)