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Sounds like the winner of that Satellite got screwed by the organizer. $200 buy in and 105 players is $21,000 in prize money. The main event has a $10,000 buy in. Several others have $10,000 buy ins, but most range from $2K to $5K. Where did the other $11,000 go?

The organizer was in it for a profit, and that fact wasn't hidden from anybody. The organizer hosts these tournaments all over the country, and I imagine he makes a good living at it. The total take was more than $21,000 because players could buy an extra $1500 in chips for another $200 (unlimited re-buys within the first hour). Some people spent $1000 on re-buys. There was a 2nd place prize (laptop PC) and a 3rd place prize (plasma TV).

I expect the total take was somewhere around $35K. However, there was also the cost of renting the convention center, a hosted bar, a staff of about 15 (dealers, servers, etc.), and a catered dinner featuring shrimp and prime rib. All in all, it was a very nice event and a lot of fun. I don't mind that somebody made money from putting it all together.