Guys:
What happens if rule #7 was changed to say, Alternates, players registering late, and re-entries must purchase full stacks.
In my opinion, that changes the onus from the "house" to the "player". It seems to me that then the house or the TD can do whatever is within their rules to adjust for late players, Alternates, etc. If the house deems it appropriate to blind them off, or make some other adjustment, I believe that can be done.
It removes the argument for the player arriving 1 hour, 45 minutes late that: "I paid for 1,000 chips, so why do I only get 800?" Because the house rule says that for every hour our part of an hour that a player arrives late, 100 chips will be removed from that players starting stack. Of course, then it would not be fair to have that player blinded off as well.
Chet