james sir,with all due respect, we are not goin off topic but merely giving food for thought.
why is it that we tend to be so self centered and uncompromising, in a sense that we want everything to be for our own benefit, irregardless of who is inconvenienced or at whose expense it will be at?
no offence to the threadstarter, but have you (threadstarter) tried holding band competitions? do you know the costs involved? do you understand that u may or may not make any profit at all?
why not see it in a positive light? that you can showcase your talents for a very small price and gain some experience in public performance.
would you (threadstarter) do such a thing? holding a band competition with such a big amount of prize money?
having said that, i would like to emphasize that its easier said than done.
you mentioned about the prize money not being able to cover the cost of jamming and other stuff, but think about it. a band takes part in the competition at their own free will.moreover, they should already be informed before hand, how much the top prize is worth.noone is forced at gunpoint or at knifepoint.
lastly, think the prize money is too meagre? simple, dont take part!