Another thought, how about doubling the entry fee to $50 per season and playing only one season at a time (then renew your commitment) and doubling the winners payout ($50 for WS appearance, etc.). They could still give a special bonus for the winner at a set amount to be determined later.
What if after they take in all our $250 fees, they take in thousands and thousands of our dollars, sell the company, and the new company stops the tournament altogether, saying they didn't start it and don't have the money and are not obligated to pay anything back or complete the tournament. I need a life, lol