OK, I have some info for the "overall". I Emailed a person in charge and I was givin this reply, which I agree with, but think it was very sloppy not taking it down before the tournaments started.
Scott,
The post you saw on the Pro-Am web site was an old post that was supposed to be taken down. After that post was done the Tournament Directors concluded that because teams could enter either day or both days, each day should be considered separate. The monies awarded each day reflects a 100% payback for each day. Sorry for the confusion.