50,000x1.865=$932.50
Via,
http://www.dansdeals.com/archives/12941:
"With the new program you can redeem points for any seat on any flight. For the regular “wanna get away” fare it costs 60 points for each dollar of airfare. In practical terms this means for example:
A one-way LGA-BWI flight on 04/05 is $79.70 with tax.
It can also be bought for 4,140 points plus $2.50 tax.
So 4,140 points gets you a value of $77.20 ($79.70 airfare less the $2.50 tax required on the points ticket)
So each point is worth 1.865 cents (77.20/4,140), valid for redemption on all flights."