Honestly if anyone was actually PAID for placing in any of the last tournaments, they would be willing to play. Right now these tournaments just seem like a waste of time to most people because of the fact that nobody has been paid for their placements (at least in NA I don't know about Europe, but they seem to be running fine).
I know that I personally don't want to play because of the fact that these tournaments just seem shady and unreliable since I haven't been paid for placing in April (THREE MONTHS AGO!).
I don't want to come off as rude, selfish, greedy, etc. in this case, but literally the lack of payout is the definitive reason why this cup didn't happen in NA last month. It's absolutely ridiculous that most people would even give away some of their weekend time playing these tournaments for literally no benefit/personal gain (because most people don't play this game on Saturdays, unless its PUGs).
Signups end in about 40 minutes from the time of this post and there are currently what seems to be 10 teams and froyotech signed up (barely enough for the Open division and not enough for the Invite division to actually have a running tournament by the minimum amount of teams needed for said tournament [from the discord it seems to be 10 open teams needed with 4 invite teams]). I would be amazed if there are enough teams for both divisions to actually have a functioning tournament (right now only Open has the ability to run).
(SIDENOTE: The Invite division also has the issue of there just being froyotech's existance, and a lot of the time it seems like people don't want to play because you know froyotech always wins [and this prizepool appears to be a little bit top heavy, and also small]).
I do like the fact that they separated the invite teams from the lower level ones to stop the amount of rolls you just see in this tournament. Good move there.
Oh also I have a question: If the Invite quota is not met, does froyotech get put into the Open division, or do they just get the entire Invite prize pool? Either way, there is a huge issue here.