The "Close Quarter Combat" PvP tournament announced for 2016 (with total price money of 100 k$) has been officially cancelled.
Reason - some needed features have not been implemented yet. https://forums.frontier.co.uk/showthread.php/272215-CQC-tournament-update
Frontier is replacing it with another, somewhat less ambitious in game PVP tournament called "The Icarus Cup". Sorry, no real life prize money, folks.
There is a bit of grumbling amongst pilots that trained hard for the CQC tournament and its planned qualifying bouts (source - GameStar magazine: http://www.gamestar.de/spiele/elite-dangerous/news/elite_dangerous,45128,3275666.html