How does revenue share work for Grass League x Hollywood Hitters?

CC
Written by Chase Chamberlin
Updated 2 months ago

In simple terms, the model is similar to revenue sharing in professional sports leagues and backers have the opportunity to be part of the action as a team owner. Details are further defined here (Name of Document, Page): 

First, the Hollywood Hitters earn revenue from winning tournament purses with the obligation to contribute 20% of those winnings back to the league in the Sharing Pool. 

Second, the team will generate revenue from the Sharing Pool. All teams, players, and their parties (like Hitters backers!) are vested to help drive awareness, attendance, engagement, and growth of Grass League events.  

Each team contributes to a Sharing Pool which also includes event venue profits, media rights revenue, and designated league revenue like sponsorship and partnership opportunities.  

Third, Hollywood Hitters and other eligible teams are evenly allocated and distributed up to 50% of the Sharing Pool on an annual basis. 

Last, the Hitters are eligible for Team performance revenue. As the tournament offerings expand each season, Teams will calculate their total purse earnings based on performance, and the Teams will be ranked and paid such portions of the Sharing Pool accordingly. So, the more the Hitters finish at or near the top of tournaments, the more revenue potential for backers.

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