Prize Money?!

Hey guys, I was thinking of a way to make this club be much bigger, and my dad told me that he would allow me to give prize money!!! It isnt too much but it's still something, he said that he will give 50 dollars in total prize money, i know that isnt to much but it is still something, so, what i was thinking is that we do a team or individual league first and then tell everybody that if we have a big outcome then we will have some prize money in our next league, the other option (individual or team) that we didnt choose, I wanted to ask you guys whether you liked that or not, and anyone willing to contribute to prize money will be much appreciated. Of course you dont need to, lol, no one else will probably contribute XD but yeah, just tell me if its good or not. Btw, big thanks to my dad.