Sorry this is so small, did it at work with just Powerpoint.
That would be my suggestion for the logo. The overall design ties the event back to this site and is simple and effective. If you guys want a flag on it some place, I'd suggest an actual flag and maybe even user name on the other side of the chest. That way players from other countries could sport their own country flag showing where they are from. Doing this also allows the cost to stay low, with options to increase price if member wants to.
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