This whole thing is just another way to take advantage of the p2p players and have the f2p players suffer. Btw do you know how tournaments work? Usually you go in one direction, up or down. Not yo-yo back and forth up and down, up and down. The refresh should be limited daily. (Oh that's right, you want people to NEED to buy more crystals). I got to the tier I wanted but I won't bother putting more effort into this event and wasting crystals just to keep getting thrown back two or more payout tiers. Lame event. It doesn't need to come back.
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I also hope they never bring this back, instead combo this with the arena to fix the lock out issue that has always went on. However, I have played the game long enough to know that they will as they earn money for it.