In tournaments with a fixed bracket, a multiple-disqualification or a multiple-countout eliminates all parties involved, and those who are slated to face the winner of such a match simply partakes in a match with one less opponent (or simply does not wrestle, if no opponents remain).
After CM Punk won the WWE Championship by defeating John Cena at WWE Money in the Bank and walked out of the company with the title, Vince McMahon set up a tournament to decide a new champion the following night on Raw.
A week later in the final, Rey Mysterio defeated The Miz in the opening match of the broadcast to become WWE Champion.
The issue was settled at SummerSlam where Punk won a controversial rematch with Cena to become Undisputed Champion, though he would lose the title to Raw Money In The Bank winner Alberto Del Rio seconds later.
The first edition of the tournament took place on November 24, 2000, in New Westminster, with Asian Cougar defeating Havoc and Tony Kozina in the final; beginning with the 2002 edition (it was not held in 2001), the event was moved closer to the start of the year and alternated between Surrey and Vancouver in later years.