As reported earlier this week by Poker News Daily, the schedule for the 12th edition of the Full Tilt Online Poker Series (FTOPS) was released today. Notable changes this time around include the buy-in of the prestigious Two Day event being lowered from $5,200 to $2,620 and the introduction of a MiniFTOPS schedule. The action culminates on May 17th with a $535 buy-in $2.5 million guaranteed Main Event at the high stakes and a $55 buy-in $500,000 guaranteed feature tournament at the low stakes. Let’s check out the full details of FTOPS XII.

$18 million in guarantees. 25 traditional events. 25 mini tournaments. 50 total hosts. These are just some of the numbers behind the massive tournament series, which will be one of the last activities for poker players prior to the start of the 2009 World Series of Poker (WSOP) on May 27th, when a $500 buy-in Casino Employees event kicks off. Full Tilt will run a full satellite challenge for each of the 25 tournaments. Players who rack up the most satellite wins will not only have their tournament entries paid, but they’ll also receive T$ equal to twice the buy-in. In addition, the person who generates the second most number of satellite wins will pocket bonus T$ equal to the buy-in. Winners from the 25 high-stakes FTOPS events are eligible to play in the Tournament of Champions contest on May 23rd, which awards a $10,000 WSOP Main Event prize package to its winner.

A series of FTOPS Challenges will also make their debut. Although a complete list is not yet available, Full Tilt’s website states that one contest “requires you to turn $1 into a $26 satellite token and use it to enter any FTOPS event. If you cash in that particular event, you complete the Challenge and earn your prize.” FTOPS Challenges will be available in both the standard and mini versions.

Here is a rundown of the schedule of events for FTOPS XII along with each tournament’s MiniFTOPS alternative:

Wednesday, May 6th

Event 1: $216 buy-in No Limit Hold’em Six-Max
$1 Million Guaranteed (MiniFTOPS: $22 buy-in, $200,000 Guaranteed)

Thursday, May 7th

Event 2: $256 buy-in Pot Limit Omaha Knockout
$250,000 Guaranteed (Mini FTOPS: $26 buy-in, $25,000 Guaranteed)

Event 3: $535 buy-in No Limit Hold’em 3x Shootout
$300,000 Guaranteed (MiniFTOPS: $55 buy-in, $30,000 Guaranteed)

Friday, May 8th

Event 4: $216 buy-in No Limit Hold’em Cubed (One Rebuy Plus One Add-On)
$500,000 Guaranteed (MiniFTOPS: $22 Cubed, $50,000 Guaranteed)

Event 5: $216 buy-in Stud Eight or Better
$100,000 Guaranteed (MiniFTOPS: $22 buy-in, $10,000 Guaranteed)

Saturday, May 9th

Event 6: $535 buy-in Pot Limit Omaha Six-Max
$400,000 Guaranteed (MiniFTOPS: $55 buy-in, $40,000 Guaranteed)

Event 7: $109 buy-in No Limit Hold’em Rebuy
$600,000 Guaranteed (MiniFTOPS: $11 Rebuy, $60,000 Guaranteed)

Sunday, May 10th

Event 8: $256 buy-in No Limit Hold’em Knockout Six-Max
$750,000 Guaranteed (MiniFTOPS: $26 buy-in, $75,000 Guaranteed)

Event 9: $535 buy-in No Limit Hold’em Heads-Up
$500,000 Guaranteed (MiniFTOPS: $55 buy-in, $50,000 Guaranteed)

Event 10: $322 buy-in No Limit Hold’em
$1.5 Million Guaranteed (MiniFTOPS: $33 buy-in, $300,000 Guaranteed)

Monday, May 11th

Event 11: $216 buy-in Pot Limit Omaha Eight or Better
$200,000 Guaranteed (MiniFTOPS: $22 buy-in, $20,000 Guaranteed)

Event 12: $1,060 buy-in No Limit Hold ’em Six-Max Ante from Start
$1.5 Million Guaranteed (MiniFTOPS: $109 buy-in, $150,000 Guaranteed)

Tuesday, May 12th

Event 13: $322 buy-in No Limit Hold’em 4x Shootout Six-Max
$300,000 Guaranteed (MiniFTOPS: $33 buy-in, $30,000 Guaranteed)

Event 14: $535 buy-in HEROS
$300,000 Guaranteed (MiniFTOPS: $55 buy-in, $30,000 Guaranteed)

Event 15: $216 buy-in No Limit Hold’em Turbo
$500,000 Guaranteed (MiniFTOPS: $22 buy-in, $50,000 Guaranteed)

Wednesday, May 13th

Event 16: $216 buy-in Half Pot Limit Hold’em, Half Pot Limit Omaha
$200,000 Guaranteed (MiniFTOPS: $22 buy-in, $20,000 Guaranteed)

Event 17: $322 buy-in No Limit Hold’em Six-Max Rebuy
$1 Million Guaranteed (MiniFTOPS: $33 Rebuy, $100,000 Guaranteed)

Thursday, May 14th

Event 18: $216 buy-in Pot Limit Omaha Heads-Up
$150,000 Guaranteed (MiniFTOPS: $22 buy-in, $15,000 Guaranteed)

Event 19: $322 buy-in Razz
$150,000 Guaranteed (MiniFTOPS: $33 buy-in, $15,000 Guaranteed)

Friday, May 15th

Event 20: $216 buy-in No Limit Hold’em
$400,000 Guaranteed (MiniFTOPS: $22 buy-in, $40,000 Guaranteed)

Event 21: $216 buy-in Mixed Hold’em Six-Max
$150,000 Guaranteed (MiniFTOPS: $22 buy-in, $15,000 Guaranteed)

Saturday, May 16th

Event 22: $2,620 buy-in No Limit Hold’em Two Day Event
$2 Million Guaranteed (MiniFTOPS: $256 buy-in, $200,000 Guaranteed)

Event 23: $109 Rebuy Pot Limit Omah
$350,000 Guaranteed (MiniFTOPS: $11 Rebuy, $35,000 Guaranteed)

Sunday, May 17th

Event 24: $129 buy-in No Limit Hold’em Knockout
$1 Million Guaranteed (MiniFTOPS: $13 buy-in, $100,000 Guaranteed)

Main Event: $535 buy-in No Limit Hold’em
$2.5 Million Guaranteed (MiniFTOPS: $55 buy-in, $500,000 Guaranteed)

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