CuRoi's idea seems pretty good. Also, I'm sure there are more decent players out there who would be willing to join. A bit more advertising around the clan forums wouldn't hurt. Secondly, you might want to consider changing the format to increase popularity/activity. From what I hear, most people prefer some form of avatar mode over classic, although I might be wrong on this point.

Lastly, this:

What is the award to this tournament again?
You got any photoshoppers handy making a victory award/sig/graphic for Season 1? If not, I can put together an award template myself....