Entry fee is $200 per team. Would you rather win a boat, or $20k? (assuming the boat is worth $20k) Usually 150-200 boats in the tournament.
Entry fee is $200 per team. Would you rather win a boat, or $20k? (assuming the boat is worth $20k) Usually 150-200 boats in the tournament.
Definitely the 20k
Cash
Cash
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We won a boat in a team TX with an MSRP of 45,000. The dealer offered us 32,000. I tried for a month to sell it for more than that and didn't find a buyer. You want money if its your choice every time.
Cash
I think the new secret color is "A-Rig"..........
Depends on the boat, if only a 20K boat than cash unless my partner needed the boat and wanted to buy my half from me.
I would much prefer cash. It saves me the trouble of trying to sell the boat etc.
Cash
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$
Is there a tax benefit one way or the other ????
cash all the way
1990 374V Ranger Still kickin' bass after all these years
I only want the boat if they are delivering my cash in it.
Hi Mike.
Are you asking about Nichols or Skeeter? Skeeters first place went down to $15,000 last year. The boat won at Nichols is worth more than $20,000. I'm thinking they are in the $35,000 range.Originally Posted by mrdeath
A disadvantage to winning the boat since they'll report the MSRP as your winnings, not the actual price you would pay for the boat. For example, a $20k boat you are going to be paying taxes on $30k because that's what is written on the 1099.
Brandon
1996 Ranger 362XT
Johnson Faststrike 150
Money. Boat sounds cool, but nobody really wants that. Just hassle. Cash is king.
I know Skeeter went down last year, that was because they added 2 more tournaments and not necessarily comparing the 2, just asking in general.
CASH!
Cash
Cash
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