Hold a New Tournament
Reason: celebrating a recent event
Events: jousting, fencing and magical duels
Style: round robin / points-based
Length: several days
Awards: first, second and third place
Top Prizes: large sums of money
Crowd: very large
Betting: unofficial - discouraged
Other Entertainment: a storytelling contest, musical contest(s), parades and staged exhibitions
Competitors of interest:
The foreign savage who has an ulterior motive for competing.
The menacing sorceror who will do anything to win.
The foreign noble who is all talk.
The mysterious stranger who is surprisingly agile.
The precocious commoner who may not be in it to win.
The musclebound brute who has more wit than skill.