Hold a New Tournament
Reason: sponsored by an individual
Events: magical duels, team fighting and fencing
Style: elimination
Length: nearly a week
Awards: first place winner(s)
Top Prizes: large sums of money
Crowd: fairly small
Betting: unofficial - almost encouraged
Other Entertainment: hired bards and magic shows
Competitors of interest:
The nondescript mercenary who is rumored to not always fight fair.
The local favourite who is very good.
The flirtatious bard who knows quite a few unorthodox tricks.
The disgraced noble who came from nowhere.
The odd foreigner who is frighteningly fast.