There should be like a bounty badge for this, lol!
+1 maybe even three badges (eg - gold, silver, bronze for 1st, 2nd, 3rd) recognizing standing, since there's a strong chance Jeff's top standing will never be beaten. I know there isn't any other badge system for tournaments that represents anything other than 1st, but a three-tier badge system like this would be great for showing overall performance throughout multiple tournaments.
These badges would also encourage more tournament play in general, as bounties would be more sought after. We've seen in the past how bounties have been unclaimed... if this change went through that would be a thing of the past.