Please, this time make sure the money is involved within a serious event, hosted by competent people. Gibby's initiative of putting money from his own pocket and convincing Joe of doing the same is undoubtedly praiseworthy, but the fact it happened in a mediocre tournament kind of heavily diminish the effect.
Other than that, that's a cool idea. It's a shame it will happen either during the NC and/or the WNL because, with such a tight schedule (two matches a week), it might prevent some good players to partake, even if they are interested.