Seven of North America’s best eSport names have joined hands under the recently established banner of Professional eSports Association(PEA), an organisation dedicated to the task of bringing unprecedented benefits to professional esport gamers.
The PEA will inaugurate it’s operations with the world renown Counter-Strike: Global Offensive(CS:GO) league sometime early during January 2017. The association is planning to showcase the respective performances of the most elite North American professional players players. The founding PEA team franchises are:
- Team Solomid (TSM),
- Team Liquid,
- Counter Logic Gaming (CLG),
- NRG eSports
- compLexity Gaming.
The PEA represents something new in eSports – an association of top teams running their own league and sharing the profits and the decision-making with the players, This has been the architecture of traditional major sports leagues for many decades, but it is a new evolution for eSports. This will allow us to finally build a stable, healthy, long-term environment for the players, the community, the media and the sponsors.
Said Jason Katz, the PEA Commissioner.
Matches will be streamed online Twice a week during a 10 week season. All participating Teams will compete for a prize pool of $1,000,000(at least) during the first year with $500,000 for the first Season.
As Jack Etienne, Cloud9 CEO stated:
This marks the end of the ‘Wild West’ days of eSports, The community and players want stability and dependability. Leagues come and go, teams join them and depart, but with the PEA, the teams are making a long-term commitment to be here, playing for the fans, for the indefinite future.
The benefits being provided to the gamers participating in the PEA league are nothing like they’ve ever been before in the world of eSports. All Players and owners will receive an equal 50% share of profits and each caster will receive a share that is equal to the share of player. The PEA will also provide a specialized suite of financial benefits and services to the participating gamers, including retirement and investment planning, health insurance and more.
It’s time for leagues to share the rewards and strategic decisions with the players, and the best way for team organizations to do that is for us to do it ourselves. The PEA is a vehicle for us to work shoulder-to-shoulder with the players, doing what we all love.
said Andy Dinh, CEO of TSM
In addition to all of this, The PEA is being represented legally by counsel of O’Melveny & Myers.