Hold a New Tournament
Reason: festival
Events: races, magical duels and melee fighting
Style: round robin / points-based
Length: about a week
Awards: first and second place
Top Prizes: moderate sums of money
Crowd: fairly small
Betting: unofficial - fair odds
Other Entertainment: local bards, hired bards and musical contest(s)
Competitors of interest:
The proud youth who is surprisingly agile.
The tricky rogue who proves to be highly honoroble.
The mysterious stranger who has more wit than skill.