Each Day 1 will play down to 8% of field (rounded down); Day 2 begins Monday at noon; additional added money awarded to players who double qualified through multiple Day 1s and surrendered most chips (cumulative) throughout double qualifying period. Most chips surrendered wins WSOP Main Event seat; 2nd most wins $6,000 cash, 3rd most wins $4,000 cash. Players who double qualify for Day 2 receive $2,000 cash for each stack surrendered.

What does this pay structure mean? Can anyone explain PLEASE?