Solution to Tournament

Each "game" in the tournament consists of finding a third word to fit "in between" to make a pair of two-word phrases. Doing so repeatedly will yield the tournament winner, DRAFT, which is the final answer.

NAVY

BERRY

FUEL

PHONE

SAVING

PERIOD

GREETING

CATALOG

DROP

PAN

CASH

LICK

CROSS

PROCESSOR

BUFFALO

FOLD

BLUE

CELL

GRACE

CARD

DEAD

COW

WORD

BILL

BLOOD

NOTE

SEA

PLAY

BANK

HORSE

DRAFT