Hold a New Tournament
Reason: celebrating a recent event
Events: archery, team fighting, melee fighting and martial arts
Length: one day
Awards: first place winner(s)
Top Prizes: moderate sums of money
Betting: unofficial - fair odds
Other Entertainment: local bards, hired bards, magic shows and parades
Competitors of interest:
The foreign savage who is frighteningly fast.
The wandering fighter who is rumored to not always fight fair.
The musclebound brute who has more wit than skill.
The showy mage who has many rivals.