I agree, so here is hows the ones we have done in the past worked -
People who are interested in participating and have frags to sell, offer to donate one or two frags to the MR.com site and auction them off to the highest bidder - that money gets donated to the website for maintenance etc.
Last frag swap/auction, we raised a little over $200 cash - that went to upgrade the hardware that runs this site.
We also used some of the auction money to buy food for the event - we offered last time, but JWS Wasabi was nice enough to pick up the bill for a few pizzas and soda.
This time around, in downtown, we will buy a few appetizers for the crew etc-
Since BB is taking the lead here, how do you plan to run the one in Jersey? You certainly don't have to run it like we have in the past, but it is nice to give back to the site that provides you with a weatlh of info and resources to cheap frags and stuff.
Also, the people who donate frags get thier name on the donations list on the homepage as if they donated the cash themselves - but someone has to keep track of that so the site admins can update the list of donors. That's a nicety.
My .02 - hope that helps,
House