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You would do better to offer more prizes, perhaps to the top ten finishers or even top twenty. After all, most of us stand little chance of winning the whole thing, so you could offer $1, $1,000, or even $1,000,000 and it wouldn't matter to 90% of the players (including me).
Also, I vote to scrap the 2003 tourney. Even if you started it today, the bulk of it would take place in 2004 and could even extend so long that it would make getting next year's played during the year and after the 2003 tourney is finished quite difficult. (sorry for the run-on sentence).