60 ( 12 x 4 leagues + 16 "parts" more for those who qualed to champs) x 300k = 18M
I might be pedantic but salaries aren't just going to people who make the skins, there's a lot more people to pay , and it's not just salaries ( don't ask me what the other costs are, I did an all-nighter on my accounting and forgot them all lol). So yeah I think the cost might not be that high as I made them to be, but it's still high enough for riot to be concerned( speculation).
" " And about the orgs, they do need that money to make this profitable." "
By that point it's no longer profitable, they're just being kept afloat by riot.
Maybe riot tried to allocate that money to somewhere else, no matter how you see it investing them into orgs like mibr, eg and bleed just doesn't make sense.
Riot could be adjusting to the audience(maybe there is a downward trend?) and probably adjust the investments riot should make
at this point, I'm just stating theory as to why riot does this lol