Hold a New Tournament
Events: team fighting, magical duels, martial arts and archery
Length: one day
Awards: first place winner(s)
Top Prizes: large sums of money
Crowd: locals and foreigners
Betting: official and unofficial
Other Entertainment: musical contest(s) and local bards
Competitors of interest:
The precocious commoner who has already made a few enemies.
The menacing sorceror who knows quite a few unorthodox tricks.
The disgraced noble who came from nowhere.
The odd foreigner who proves to be highly honoroble.
The local favourite who is relatively well-known.