Like Justin mentioned before, it seems like Barry's eyes are too big for his wallet. It seems that he wants a bigger and better show than he can afford. There is a solution that will work, but won't be popular with either side.
If Barry cannot afford the current prize structure, there obviously has to be a new structure. Instead of paying past champions entry, give them 50% off. I know it's only probably $5,000 back but every little bit helps. The other, and really, the main thing he can do is to scale back the prize money. Reduce the payouts by 25-40%. The players would still come. This reduction would make a first place finish worth $25-30k.
I know the players want as big of a prize as possible and Barry wants as big of an event as possible. Obviously the current model is failing for both parties (although it seems more for the players). Barry has to plan within his means. Cutting the prize fund by 40% probably would not be popular, but at least it would make it viable.
The players can't have it both ways. It has been shown Barry cannot afford the current structure. He should get with the ABP and let them decide. You can have the current structure and be paid in installments as I can get the money, or I will cut the fund 40% and you will get paid on the spot. At least that way you're leaving the decision to the "organization" so they can feel like they accomplished something.
-Brandon