Great post!!Two problems.
There just aren't enough open level players willing to travel to support many open tournaments.
Most lower rated players don't hate their money enough to spend $100+ to go 2 and out tournament after tournament with no reasonable chance to cash.
Disagree?
Run a few open level tournaments over the next month or two and let us know the results.
How many players and how much did the Calcutta bring in...
One other point. Let's be clear. Just because a tournament has a Fargo cap, does not make it a handicapped tournament. The majority of those are open, run what ya brung tournaments with no handicaps applied. By putting a cap, they're simply ensuring a narrower gap between the average player they'll attract and the top players...
To each their own. But from a turnout and participation standpoint, split brackets seem to have a lot of momentum right now. If a given player likes the format, then play. If they don't, then don't play. Pretty simple.