Hold a New Tournament
Reason: festival
Events: magical duels, melee fighting and fencing
Style: round robin / points-based
Length: two weeks
Awards: first, second and third place
Top Prizes: bragging rights and minor gifts
Crowd: mostly intoxicated
Betting: unofficial - discouraged
Other Entertainment: acrobats and jugglers and trained animals
Competitors of interest:
The precocious commoner who is rumored to not always fight fair.
The musclebound brute who is frighteningly fast.
The menacing sorceror who has more wit than skill.
The hulking barbarian who is relatively well-known.