...qualified as a feeder tournament for The Tournament Of Champions which begins on July 23.

This means, the winner of our tournament would be qualified to play in the TOC. There is a buy in for the TOC. Winner must put up the buy-in.

I have had several requests to have this done.
I have not been involved with the TOC, so maybe Andy can answer your questions better than I can.
I do know the TOC prize pool is over 7 figures. Last year everyone at the final table got a luxury car.