Hold a New Tournament
Reason: held bi-annually
Events: fencing, jousting, magical duels and team fighting
Style: round robin / points-based
Length: three days
Awards: first place and an honorable mention
Top Prizes: large sums of money
Crowd: wants to see blood
Betting: unofficial - discouraged
Other Entertainment: local bards, professional hecklers and staged exhibitions
Competitors of interest:
The mysterious stranger who has good odds to win.
The local favourite who has an ulterior motive for competing.
The precocious commoner who will do anything to win.
The jaded warrior who is frighteningly fast.
The nondescript mercenary who is fiercly competetive.