All articles tagged with #payouts
FTX is set to distribute $1.6 billion to creditors on September 30th, slightly less than initially promised, which could potentially boost altcoin markets amid high optimism, although the impact depends on how much funds re-enter the crypto space. Meanwhile, Sam Bankman-Fried plans to appeal his conviction, adding to the ongoing developments in the crypto world.
The upcoming Players Era Festival in Las Vegas will feature over $20 million in payouts and top-ranked college basketball teams like St. John's, Michigan, and Houston, competing on November 24-25, with additional women's teams also participating, highlighting its significance in the college sports landscape.
Bitcoin's price dropped below $68,000 following reports that Mt. Gox has started processing payouts to creditors, releasing approximately 75,000 BTC worth over $5.1 billion. This has raised concerns about market liquidity and price stability. Analysts and on-chain data confirm significant Bitcoin movements, with speculation on whether creditors will hold or sell their received Bitcoins.
Scottie Scheffler won the 2024 Masters, earning $3.6 million, while Ludvig Aberg, the runner-up, took home $2.16 million. The total purse for the tournament was a record $20 million, with the rest of the field earning varying amounts based on their performance.
The 2024 Masters had a record-setting total purse of $20 million, with winner Scottie Scheffler taking home $3.6 million. Runner-up Ludvig Åberg earned $2.16 million, and the top three finishers received seven-figure paydays. The tournament marked the first time that five players brought home $1 million or more, with payouts trickling down to every golfer inside the top 36.
Fighters from UFC 299 event received a total of $359,000 in UFC Promotional Guidelines Compliance pay, with Sean O'Malley topping the list at $42,000. The program, which includes outfitting requirements and media obligations, replaced the previous UFC Athlete Outfitting Policy payments. Payouts are based on fighters' total number of UFC bouts, with champions earning $42,000 and title challengers getting $32,000. In addition to experience-based pay, fighters will receive royalty payments of 20-30 percent of any UFC merchandise sold bearing their likeness.
Developers are criticizing Apple Arcade for its lack of transparency around payments, declining payouts, and cancelled projects. There are concerns about the opaque metric used for payments, declining payouts since the service's launch, and cuts in upfront fees for new Arcade titles. Some developers are hopeful that competition from Netflix's gaming venture may prompt Apple to improve its terms, despite Netflix's different payment model.
Commerzbank plans to double payouts to shareholders as its profit soars, reflecting the bank's strong financial performance.
TikTok's $1 billion creator fund, which was introduced in 2020 to pay out to creators making viral content, will end on December 16th, 2023. Creators in the US, UK, Germany, and France will no longer be able to monetize their content through the original fund, but can switch to the new Creativity Program, which offers higher payouts based on views and engagement metrics. The original fund has faced criticism for low payouts, making it difficult for creators to earn a living solely from the fund. YouTube has also addressed the issue by offering ad revenue sharing on its TikTok competitor, Shorts.
Unsealed documents from a class action lawsuit against the UFC reveal the payouts made by the promotion to fighters from 2011 to 2016. The documents include both disclosed and undisclosed payments, such as pay-per-view bonuses and discretionary bonuses. While individual fighter names were not attached to each payout, it was possible to identify some of the top earners, including Ronda Rousey and Conor McGregor. Rousey was compensated $13 million for participating in seven UFC bouts, while McGregor earned nearly $20 million for participating in nine UFC bouts. These figures, although substantial, are significantly lower than the inflated numbers previously reported by Forbes. The lawsuit also includes payouts for other UFC stars like Brock Lesnar, Georges St-Pierre, Anderson Silva, Jon Jones, and Demetrious Johnson.
Mexican President Andres Manuel Lopez Obrador has called on insurance companies to expedite payouts following the devastating impact of Hurricane Otis on Acapulco and surrounding communities. The storm, the most powerful to hit Mexico's Pacific coast, has caused widespread destruction and claimed at least 27 lives. The president also pledged assistance for those without insurance, including access to affordable loans. Insurable damage from the hurricane's winds alone is estimated to reach $15 billion, with insurance coverage in Mexico typically limited to hotels and resorts. Mexico is expected to receive a payout of around $62.5 million from a catastrophe bond that insures against earthquakes and hurricanes.
Sahith Theegala emerged as the winner of the Fortinet Championship, earning $1.51 million in prize money. The 25-year-old golfer secured his first PGA TOUR title with a two-stroke lead, finishing at 21-under 267. S.H. Kim came in second, while Cam Davis placed third. Theegala's victory also guarantees him a PGA TOUR card for 2024 and exemptions into all eight Signature Events.
Investors who suffered losses when Elon Musk tweeted about taking Tesla private may soon receive payouts from a $42.3 million fund established as part of Musk's settlement with the U.S. Securities and Exchange Commission (SEC). The SEC stated that 3,350 eligible claimants will share in a $41.53 million payout, recovering 51.7% of their losses. The remaining funds will be allocated for fees, taxes, and expenses. The settlement arose from Musk's tweet in August 2018, where he claimed to have secured funding for a Tesla buyout. Musk relinquished his role as Tesla's chairman and agreed to have a Tesla lawyer approve some of his Twitter posts as part of the settlement.
Brian Harman wins his first major championship at the 151st Open Championship, finishing with a six-stroke lead. Harman's calm and precise putting helped him secure the victory, earning him 600 FedExCup points and a $3 million share of the record prize fund of $16.5 million. Runners-up include Jason Day, Tom Kim, Jon Rahm, and Sepp Straka. Betting on long shots in golf is shown to be a viable strategy due to the depth of talent in the sport.
FIFA will distribute $209 million to 440 clubs from 51 countries whose players participated in the 2022 World Cup in Qatar, with Manchester City and Barcelona receiving the largest amounts. City will receive $4,596,445, followed by Barcelona with $4,538,955. Each player will receive a daily amount of $10,950, regardless of playing time, which will be divided among the clubs they were registered with in the two years leading up to the tournament. English clubs will be the largest recipients, receiving a combined total of $37,713,297. FIFA and the European Club Association have also agreed to distribute $355 million to clubs for the 2026 and 2030 World Cups.