Hold a New Tournament
Reason: held annually
Events: races, fencing and melee fighting
Length: about a week
Awards: first place and an honorable mention
Top Prizes: enchanted equipment
Crowd: locals and foreigners
Betting: unofficial - discouraged
Other Entertainment: hired bards, parades and magic shows
Competitors of interest:
The hulking barbarian who is a long shot to win.
The proud youth who is very good.
The jaded warrior who has many rivals.
The mysterious stranger who knows quite a few unorthodox tricks.