Hey Va,
That seems to be common in the Carolinas and Tenessee for bar box tournaments. I played a tournament this past weekend in Chattanooga, Tn. It seemed simple enough. $20.00 entry fee and $1,000 added. Turns out to be a race to 9, split quarters. Each match ended up costing about $4.00 in quarters (and that's just at .50 cents per game). Of course, I lost my first match. I played 5 or 6 more matches on Saturday and 1 match Sunday before I got beat out, and didn't even finish in the money. Around 8 matches total for a green fee of around $32.00. It was a fun tournament, but I do wish the bar table events around here would have green fees instead of making players split quarters. But I can see why they do it. With a 64 player field racing to 9, double elimination, there's no telling what they make in quarters.
Mike