A league tournament is an event that lasts one full year hosting recurring tournaments.
For example, you are a bar owner and host a bracket every second Tuesday. You create one event (Ex: Partners Pub Challenge), each time you host a bracket, you create a division named with the date of the bracket.
You can give Championship points that your players will try to accumulate all year. An incentive for them to keep coming out to your tournaments.
It's a way to get people into your bar.
All for 1$ per player per bracket up to $3 a player. After a player has played in three tournaments (brackets), he plays for free for the rest of the year.