As some of you may know, I used to be a professional fantasy football journalist. My writing today is strictly limited to personal finance, but I do still play fantasy football.

At least I did play fantasy football until last night when I was eliminated from playoff contention!

My Team Lost

Tebow cries when Florida or my fantasy team loses (which is every Saturday and Sunday this year)

You may be thinking, “Who cares? It’s a dumb game.” The entry fee is $225 and the total prize money comes to about $2,500.

If Peyton Manning had thrown one more touchdown pass last weekend, I would have won$225 (to essentially break even) and had an opportunity to win up to $1,400 more if I won the Super Bowl.

Instead, I am out over $200 and am just another disgruntled football fan.

Now I’m at a crossroads: Should I play fantasy football again next year?

Back when I was writing, I used to play in as many as 10 different leagues in one year. That was overwhelming (obnoxious is probably a better word) so I cut it down to two this year and still feel like I don’t have time to effectively manage my teams. I am actually doing well in my other league, but the prize is so much smaller that I don’t worry about that one as much. I could win that one and end up making all my money back and turn a profit for this year.

I’m thinking about quitting the expensive league, and here are the pros and cons:

Pros:

  1. I have been playing for 10 years and it’s a good way to bond with my uncle, step-dad, step-brother and all the other dudes in the league
  2. Over the past 10 years, I’ve won the championship twice and have won other prizes, so overall I’ve won at least $500 more than I’ve lost
  3. Even though I don’t follow stuff as closely as I used to, I still probably know more about football and the players than most of my competitors

Cons:

  1. I’m not paying attention as much as I used to (like when I won championships in years past), which is making my team less effective
  2. It’s not as fun as it used to be. The passion just isn’t there anymore (hence why I stopped writing)
  3. Lots of guys have quit recently. Only about six of the original twelve teams are still in the league, and I wonder if the league is close to disbanding anyway. My uncle would be very disappointed if I left the league and/or it disbanded entirely

I don’t need to decide until next year, but I’m interested in what you think. Is this a horrible use of my money? Leave a comment below!