poker league

[gloves]

Hello, I was hoping to get some feedback for the poker league that I am going to organize.

Intro

I am planning to organize a year long poker league in college. There are 32 weeks and I am aiming for a league of 20 tournaments. There are around 20 players (8-9 of them being regular) that would be interested. The tournaments will consist of at least 6 players and at most 16 players. (maximum 8 players per table)

Chip Distribution and the Blinds

I have 500 chips to organize this event. (200 white, 100 red, 100 blue, 50 green, 50 black) I tried to come up with a chip distribution that would allow me to host a 16 handed game if needed.

Starting stack of T2000: 10 x T10, 6 x T50, 6 x T100, 2 x T500

Blinds (15 mins)

20-40
30-60
40-80
50-100
60-120
80-160
100-200
150-300
200-400
300-600
400-800
500-1000
600-1200
800-1600
1000-2000

Point System and the Rewards

I am going to use Dr. Neau's Formula (http://home.comcast.net/~twincitiesunderground/) in order to calculate the points.

10% of the buy-ins in each tournament will be kept to reward the top players at the end of the league.

The winner will be rewarded with 7%.
And the remaining 3% will be given to the player who wins the freeroll tournament that will be played between the top 6 finishers. The starting chip stacks of this freeroll tournament will be proportional to the points earned.