IMO This is how it should go.
1st Place: Goes to winner of tourny,They get the grand prize of 5000 PBP
2nd Place: Goes to person who made it to finals but lost to 1st.They get 2500 PBP
3rd Place: The idea is to give everyone who lost in the 1st and 2nd rounds of the tourny another chance. They will battle in a mini tourny to see who comes out on top. They get 1000 PBP.
Everyone else: 100 PBP for joining and participation