Not true at all!
Its guaranteeing $4000 added to the prize pool. So if you dont get 128 players, lets say 50 show up, you are still getting the $4000 added. So trust me, its not like you are only adding $160. People always seem to complain about the money breakdown for these tournamnets, in reality, players should be thanking the people that put on these events and put these kind of tours together so us players have tournaments to play in. Pool rooms put up lots of cash for these events and most of the time lose money or break even on the events. And the director of the tour, after all the expences( the gas, room, promotions), he might make $150 a day working 16 hours in that day. Without these kind of tours, the players at the amature level would never play anyone other than the players in their own rooms, and pool would wither away and die.