The Collaborative International Dictionary of English v.0.48:

Tourney \Tour"ney\, n. [OF. tornei, tornoi, F. tournoi, fr. OF.
   torneier, tornoier, tournoier, to tit, to tourney, F.
   tournoyer to turn round and round. See Turn, v. t.]
   A tournament. --Bacon.
   [1913 Webster]

         At tilt or tourney or like warlike game. --Spenser.
   [1913 Webster]

         We hold a tourney here to-morrow morn,
         And there is scantly time for half the work.
                                                  --Tennyson.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Tourney \Tour"ney\, v. i. [Cf.OF. torneier. See Tourney, n. ]
   To perform in tournaments; to tilt.
   [1913 Webster]

         Well could he tourney, and in lists debate. --Spenser.
   [1913 Webster]

WordNet (r) 3.0 (2006):

tourney
    n 1: a sporting competition in which contestants play a series
         of games to decide the winner [syn: tournament,
         tourney]
    v 1: engage in a tourney

Moby Thesaurus II by Grady Ward, 1.0:

68 Moby Thesaurus words for "tourney":
   Highland games, Olympiad, Olympic games, Olympics, battle, bout,
   box, brawl, broil, carousel, clash, close, collide, combat,
   come to blows, concours, contend, contest, cut and thrust, derby,
   duel, encounter, engagement, exchange blows, fence, feud,
   field day, fight, fight a duel, game, games, give and take,
   give satisfaction, go, grapple, grapple with, gymkhana, jostle,
   joust, match, matching, meet, meeting, mix it up, quarrel, rally,
   rassle, regatta, rencontre, riot, run a tilt, scramble, scuffle,
   skirmish, spar, strive, struggle, test, the Olympics,
   thrust and parry, tilt, tournament, track meet, trial, tussle,
   wage war, war, wrestle