$50 cash or venmo to @matthew-recore. As a member your rounds are 'free', the $50 goes to the prize pool, the championship plaque, and administrative fees. NOTE: you are not paying the course for this - this is not officially run by the course, it is run by Matt.
Make sure your email address is accurate - I'll be sending out a more complex rules document closer to the start of the qualifying month (June) explaining the rules more thoroughly.
Qualifying is based on raw score (the top 16 seeds will face off in a non-handicapped match play event). The remaining players will move on in the "bogey bracket" and face off with handicap adjustments.