Pretty much! Except it is $250 for 25-49 boats. $500 for 50 – 99 and $1000 for 100 boats up. Here are the Automatic Sanctions:T. Tournaments under automatic sanction as of this printing in 2006 are: Anglers Choice Teams and Couples, American Bassfishing Club (ABC), BASS Outdoors Series, Media Bass, 100% BASS, BassMaxx, Team Trails of Mississippi, BFL events, Internet (IBBT, BFHP & BBC) Rallys designated on website, and B.A.S.S. State Federation Championships, ALL other Tournaments must be sanctioned and events are subject to change. Complete listings will be updated on the Bass Cat Quest board.And you can get any event sanctioned which is not a major national and already covered under another program. Such as those FLW and BASS events. Once an event is sanctioned, it is sanctioned for all Bass Cat Quest Members. Not just yourself. Quest is a pretty complicated program, though it is very simple in principal. Just realize it is the most versatile of any incentive program. Most dont cover many events Quest will. Hope this helps!BCB