EDH league

I was thinking of adopting this system.

http://armadagames.com/forums/showthrea … oints-List

Play for four weeks and each week will be $5 entry, putting a pack in the pool per player.  Prizes will go out to the top 3 of each 4 week league pt get-ers. Depends on how many are interested and can come to each week to pay out, but I just wanted to know the comments, opinions, concerns, and mostly interests in this.

I think it would be fun and could bring in more casuals to EvoGames.