[Scott]

Off the top of my head, I'm thinking 7-10 person teams, with a balance of players (something like 3 Pro, 2 adv, 2 women, 1 master, 1 grandmaster). A two day event, at a rotating course each year.
Awfully tough to pick someplace that's close for everyone, so why not switch it around? Each club could take turns hosting it.

$200 per club entry fee ($10/person). Payout goes to the top 2-3 teams (depending on turnout) for their club.

Kent - I'm in if you are. Want to organize this with me? Maybe shoot for April?