In my opinion I think if Riot establishes leagues like they have in LoL would be a bad idea just because of the esport is still new and there aren't dominant regions over others (and more incoming like India). NaVi CEO once said NaVi left LoL because CIS was a wildcard region and they didn't manage to reach main event every year so there isn't exposure and there isn't worth to invest. I would like to watch a circuit based on tournaments like CSGO (and I didn't even watch any tournament of them) instead of franchised leagues. Currently I don't see any profit for orgs, you must be forced to win Masters and that just happen once every 3 months. Nowadays just Nerdstgamers covers Valorant and just in NA, If Riot allows tournament organizers (like ESL, Blast, etc...) to score points for the Valorant Champions it would be ideal.