@Ayo: We made the prizes like that since this tournament isn’t as big as others. As of right now we don’t have a cap; we’re thinking around the range of 32 but our previous tournaments only have had about half that number. It takes $175 to pay off the prizes and with a tournament of around 16-20 people we usually lose profit or break even. We’ve also discussed the double-blink pick and if its not wanted, we will get rid of it. We also have controller rentals since we have some casual players that show up to support us (they usually don’t own a console and participate for fun) and since only a few of us actually owns sticks, we won’t have the means to rent those out (otherwise we would be more than happy). Most of the TV setups will be CRT’s so it is ideal that most set-ups would be lag free. From our understanding, $10 is about standard for tournaments in general, and we’ve had no problems with our smash tournaments. All characters will be unlocked and without knowing the community (only second time running a SF4 tournament) seeding will be hard for us, I mean if big names start showing up we can do something about it otherwise it will be random. If enough people register for the tournament, we will change the prize money accordingly but we are a club organization and we are hosting this event as a fundraiser to fund our school hosted event called conFUSION, which is our quarterly conference with guest speakers from the engineering community, which does get pretty pricey. Basically, we’re trying to fund-raise as much money as possible without ripping off the players.
From our last tournament, there was some pretty fierce competition, and I’m sure that theres a lot more in the OC area. We host these tournaments for fun so please address any further concerns and we’ll try out best to accommodate.