Hold a New Tournament
Reason: celebrating a recent event
Events: melee fighting, martial arts, team fighting, races and fencing
Style: double-elimination
Length: two days
Awards: first place winner(s)
Top Prizes: large sums of money
Crowd: mostly locals
Betting: official - fair odds
Other Entertainment: musical contest(s), trained animals and local bards
Competitors of interest:
The gangly youth who is frighteningly fast.
The nondescript mercenary who is fiercly competetive.
The foreign savage who has quite a few fans.