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Staffan said:
Well, WOTC *does* pay the 2nd and 3rd-place entries $20,000 each. I'm not familiar with the pay rates of the gaming industries, but I would think that 20 grand is quite a big payout for 100 pages... so I would certainly not consider WOTC greedy or anything for holding on to them if they do.
Heh. I've been freelancing for about a year and a half now, and I'll tell you straight up that if I'm ever in a position where someone will pay me $20K for 100 pages of work, I'll take the job but quick and try to have it finished and get my check before their medication kicks in and they get a sudden rush of brains to the head.

My guess is that they're paying the $20K because they want the option of doing something with the material at a later date.