Negreanu is once again Player of the Year, and thanks to a good WSOP in Las Vegas, he finished with about a million bucks profit, despite losing overall elsewhere around the world at WSOP events.

However, the current system is a joke. Among the problems:

1) Too much credit for min-cashing
2) Winning requires the ability to travel the world and constantly play far-flung events
3) You can win the award even if you have a losing year at the WSOP!

Here are my ideas to fix it:

1) Give the most points for either final tabling a small-field event or running very deep in a big field event.

2) Min cashes should give relatively few points.

3) After you get past 100 points, they should deduct points for every bricked buyin (including rebuys).

4) Once you've reached 100 points, for display purposes, you will always be shown having 100 points minimum, but in reality, you will need to keep earning points back to get past 100 if you would have otherwise fallen below 100 due to losing events. (This will be done not to embarrass recreational players, as well as allowing people to have SOME points if they cashed a few events, yet aren't competing for POY.)

5) Regardless of number of points earned, you are disqualified if you have lost money overall in WSOP events during the current POY season.