Each Party Poker prize package into the 2012 WSOP Main Event is valued at $14k and includes not only the $10k main event buy-in but a 10-night stay while in Las Vegas for the tournament as well as $2k in expense money.
The 2012 PartyPoker WSOP Main Event Qualifier series starts with daily Freeroll qualifiers sending the top 25 at each to a $2 WSOP Sub Qualifier Speed Rebuy Event. These sub qualifiers run daily and award a seat in the next step up, the WSOP Satellite Qualifier, for every $80 collected in the pot. There is also a $4 sub qualifier speed rebuy event with the same winning qualifications. Players who wish to play a sub qualifier speed event without a rebuy can skip all that, however, and just enter the $9 sub qualifier which sends 1 in 10 players on.
You can also skip all that and just pay the $80 to enter the WSOP Satellite Qualifier directly. These events run two times every day, along with an additional running on Sundays as a Turbo tournament. All of these satellite qualifiers send 1 in 10 players on to the final WSOP Satellite, a weekly event held on Sundays at which the actual PartyPoker WSOP 2012 Main Event prize packages will be awarded, at a rate of 1 in 20.
The 2011 WSOP Main Event champion was Pius Heinz, who took home $8.7 million for his accomplishment.