An interesting division of prizes arose in a tournament recently and the way the new rule was applied is different to what I would have done so I’d like to pick a few brains in here.
Prizes: 1st $12000, 2nd $6000, 3rd $3000, 4th $1500, 5th $1000, 6th $800, 1st U1700 $2000, 2nd U1700 $1000.
Player A, 1753, 8.5 pts
Player B, 1702, 7.5 pts
Player C, 1700, 7.5 pts
Player D, 1700, 7.5 pts
Player E, 1750, 7.0 pts
Player F, 1676, 7.0 pts
Player G, 1675, 7.0 pts
Player H, 1650, 7.0 pts
Clearly Player A takes 1st ($12000) and Players B-D take 2nd-4th ($3500), the question is the remaining prizes.
My opinion: Since just awarding the Under 1700 prizes to the 3 Under 1700 players would only yield $1000, all the prizes are added into the pool and divided by 4 ($1200 each). However, I would have said that the largest prize Player E is eligible for is the 5th place prize of $1000 and so I would have added that extra $200 to the remaining Players F, G and H, giving them $1266.66 each.
Actual Decision: The way it was distributed was that the largest prize Player E was eligible for was a split of 5th/6th since he shared that prize (as there was only 2 U1700 prizes) and therefore that player is awarded $900 and the other players were awarded a share of 5th/6th and the 1st and 2nd U1700 prizes giving them $1300 each.
Any thoughts on the which way is the correct way to interpret this rule?