Who likes this staking arrangement?

[scdavis0]

Background:

I have a friend who is a very strong player. I'd say better than me when he is playing his A game. He also has a gambling problem. He basically came up playing SNGs, MTT NL Hold'em. He blew up really big, really fast -- final tabling several Party multis.

He started to 4 table the 10/20 Party PLO game and destroyed that for even more. He actually played as high as 400/800 mixed games and 100/200 PLO.

Then he managed to blow hundreds of thousands betting sports, craps, and BJ.

Now he's basically broke and wanting to get back to basics playing SNGs and MTTs. The stipulations of the staking agreement would be as follows:

1. He can ONLY play SNGs and MTT NL Hold'em tournies with a max of 100+9 on the buy-in.

2. He e-mails me the results of any SNG or MTT he plays in.

3. If he goes broke I don't get paid back.

4. I stake him 2k, if/when he gets it to 6k, he transfers me 4k

5. I get 15% of any online MTT cash prize over $1k that he enters until June 1st '06.

Anything is negotiable.

What say you 2+2?