Hold a New Tournament
Reason: held annually
Events: melee fighting, magical duels, fencing, races and martial arts
Style: round robin / points-based
Length: three days
Awards: first place winner(s)
Top Prizes: good equipment (armor, etc)
Crowd: fairly small
Betting: unofficial - discouraged
Other Entertainment: local bards, a storytelling contest and parades
Competitors of interest:
The devoted cleric who is fiercly competetive.
The hulking barbarian who is surprisingly agile.
The jaded warrior who is a long shot to win.
The gangly youth who is frighteningly fast.
The musclebound brute who has many rivals.
The tricky rogue who has good odds to win.
The proud youth who is suspected of cheating.