I may be alone in it but i think a league would be better if it was more do or die. Using 4 games each day you could finish last in 3 and win 1 and make a big impact. Whereas if you extended the time it is run over and have like 1 meaningful game a week it really puts the emphasis on having to perform in that tourney.
Using a sports analogy you have leagues like the MLB, NHL and NBA where individual wins/losses arent that important because of the length of the season, whereas the NFL with a 16 game season every game is important and means alot. I just think a league would be held in higher regard and more anticipated if it was ran in a way where every tourney was really important towards the final standings meaning it would be less tournies.