My fishing partner doesn’t have a boat and he works a lot. We split everything 50/50 as far as expenses and winnings because he buys gas, food and even goes half with any boat repairs and maintenance. Works great for us!! Great subject to bring up
The only thing that I would add is I know from experience that whoever the incentive check is issued to will receive a W2 at the end of the year so I feel like that tax money should be held out to the check holder and the rest split 50/50.
Great video. Finding a fishing partner takes a lot especially when on a tournament day your with them 10-12 hours a day. Would like to see you discuss how you and your partner share a boat. Such as who drives or runs trolling motor when in the other boat.
My team partner and myself put in the work equally and split the money equally. If I can get a day off to practice, we're good, if I can't; we're still good because he's got us covered. If we're both on the water covering the water, we're even better. There is nothing better then when we text each other "we're good"
You are so right about talking first ! Never "assume" that money will be split the way you think. TALK before fishing together. My partner and I were 50/50 on all bills and all payouts. My partner was invited to fish the final tournament with a friend and I had no objection. They wound up borrowing a boat since his broke down. They won first place of $8k and my partner was expecting $4k and when it was divided he only got 1/3 of the prize money and his partner stated the the "boat " got a third. All this was not discussed before the tournament so lesson learned the hard way. our joke after this was are we 50/50 or are we 50/50/50 (boat ) . Moral of the story is talk it out to where both partners are comfortable.
Did we fish together 😂 I fished with a guy that couldn’t get a partner and when we cashed a check he said the boat gets a 1/3 after we split all other expenses
Been there done that. It's a tough deal that needs to be discussed before you ever agree to fish a tour together. I've fished team tours alone to avoid the money drama part of it.
One thing I have always insisted as a non boater with my boater team partners is if they catch big bass they keep all of the money but if I catch big bass I always split it 50/50 with my team partner.
Finding a team partner who is equal invested (time and money), with a relatively equal skillset who you get along with is pretty dang rare. Where I'm from a lot of "team" tournaments tend to be one guy who owns the boat, makes the decisions, does the practice, and a buddy who is along for the ride more or less 😂. Nothing wrong with that, but buddy along for the ride is out of his mind if he thinks he deserves half of the payouts.
I agree Todd. You need to work this stuff out before you ever start being a team. Both sides have to agree on the terms of being a partner, it is what a partnership is. If I don't have a boat, I need to split operating expenses with the boat owner, all of it. If I can't get out on the fish because I don't have a boat, but my partner and I are compatible in tournament fishing, there needs to be a split, but maybe it's a percentage of the winnings/incentives whatever the case may be. Maybe 80%-20% owner/partner, maybe 70%-30%, or even 60%40%. This all needs to be worked out before hand. Good partners will have this worked out. If not, animosity will creep in and the partnership will not last.
Winnings are split 50/50, I gas up the truck, he gasses up my boat. For the most part I treat fun fishing trips the same. I do always tell people the first trip is free. Most of the time my friends are using my gear, the ones that don’t offer cash for tackle on trips after the first eventually don’t get invited back.
50/50 is the way. Also, be careful who you partner with. I've seen so much drama from guys switching partners or fishing multiple circuits with different partners. Bad mojo can come from that. Find your partner and stick with them. Communicate with each other on more than just fishing. Make sure your families are compatible and actually "like" each other. It works SOOOOOO much better that way. It's almost like a marriage in a sense. It can be an amazing thing or it can end in disaster. The Bible says "Do not become unequally yoked..." goes for tournament fishing too!
I agree if you don't have the boat you don't get the bonus. but if you win the winnings besides the bonus you for sure split. We go 50/50 I help with gas and launch fee and usually bring lunch. Also since I cant fish as much but I'm networking and doing my research to help us on game day. My boater he works a ton and try's to practice but cant all the time that's why I network and help send him to areas to check and find our nugget or we run history.
Granted, my fishing partner is my dad so we tend to treat each other very fairly when it comes to tourney money, but step one when it comes to who gets what is always making sure each persons expenses for the tournament are covered, then we look at dividing profits. I’ve been listening as I work so you may have covered this but it’s the only thing I didn’t hear mentioned that came to my mind. I’ve seen guys get mad after winning 4-500 but the expenses their partner had ate up all their winnings, but dude still felt like he was owed 250 bucks😂
I have 2 partners. Who? Myself and I. They fish with Me! I fish alone and have never done better ever since I grew a pair and made the challenge. I've won 7 TN river events solo, in a 7 year period. Nothing in ' 23 tho. I might use a partner on occasion for like a benefit tournament but, I've never been happier fishing alone!
When fishing with a non boat partner. How do you think it should go down if it was a 50/50 split but your trolling motor was broke while the non boater was using the trolling motor. If you cashed by some chance should the boater get all the winnings? 🤔
Another thing, I know they can’t be used in BASS and MLF, but in most tournaments somebody had to net the good fish. I’ve always split the money no matter what, even in tournaments where I caught all 5 fish
I split everything 50-50 with my partner, but I’m not trying to make a live as a fisherman either. I’m enjoying the video game live scope fishing and just slaying. I’m just like the pros I don’t understand why people pay pros to do it. It’s a pretty good gig, keep riding it as long as it lasts.
I know very well about partnerships falling apart. I also know that both people usually walk away thinking the other person is wrong. Rarely do either of them look in the mirror and say "I got it wrong on this"... I don't fish tournaments anymore largely because I made a huge mistake, and I've never really been able to let it go. Because of that, I don't have the appetite to do it again....plus I'm not good enough or wealthy enough to donate my $$ every week. 😅
I do 50/50 if we win and pay same amount on entry and gas. I ve always wondered about winning big bass of the tournament. Should that be split? Or should the person who caught it keep the money
Fishing partner ? What are those haha ? I try to find decent co-angler every year just for local tournaments 5hr drive sometimes more and as a owner operator of a 379 Pete I don't mind driving all I ask is throw in on the exspences if you want to get an even split. If you do not want to contribute then you will get bare minimum hahahha lets just say I always fish by myself hahaha, lack of dedication, or they will wait until the morning of and be like man i can't make it and I am like welp i wont ask you again hahhaa. But there are some good, honest ones out there somewhere hahahah just not around here hahaha. Be Safe & Tight Lines yall !
Since the Skeeter is in your name you are receiving the $5,000+ in Skeeter incentive monies, so you will receive a 1099 from Skeeter and any other manufacturer or organization that is paying you $600+ in a calendar year. When you pay your partner his half are you sending him a 1099? Also if you are required to pay taxes on the full amount say $5,000 in Skeeter money, you give $2,500 to your partner but you're on the hook for taxes for the full amount. How are you managing the taxes? Really not fair to you that you are responsible for taxes on $5,000+ however you are giving half of it away.
My old partner was the kicker, dude expected me to pick him up at his house and drop him back off, and he wouldn’t cover any of the gas or gear and if he miraculously had half of the entry fee for a tournament he still expected half of the winnings. And all this is even if he didn’t back out 15 minutes before the trip.
