Twelve former Teen Tournament contestants competed three at a time in four qualifying round matches. Winning contestants who were among the top three scorers would play in the final match for $50,000. Losing qualifiers took home $5,000, while the non-playing finalist took home $7,500. The third-place finisher took home a minimum guarantee of $10,000, while the second-place finisher was entitled to a minimum guarantee of $15,000. The highest scoring player in the finals took home $50,000.