Yes, first place is $500 (cash I am assuming). They are open tourneys, any 3 man team can come and play. As far as I know, they are using standard tournament rules.... Fearless doesn't have the greatest speedball field around, but they're tournaments. It's mostly a recball park, but I don't really care.
The website is www.fearlessfighters.com
if you want to check it out more. I don't work there, I only read a pamphlet and heard people talking so don't hold me by all this, you may have to look on the site or call them or something to work out all the small details...
Hope this helps.