[kodonnell]

You have a total value of 12,150 in chips. I would suggest the following utilizing all of your chips:

color (value): qty = $total value
white ($1): 10 = $10
red ($5): 8 = $40
Green ($25): 4 = $100
Blue ($50): 9 = $450
Black ($100): 4 = $400

For a total of $1000 total per player or about 500 big blinds per player which is a lot! You have enough chips for 11 buy-ins with this distribution. There are gonna be a lot of chips in play which may or may be what you want though...it can get crazy after a while, but some people like having a bunch of chips in from of them.

As far as blinds and timing, with 8 players, you will have 8K in play. When the big blind is about 800 (or 10% of the total chips) the tournament should be over or heads up.

Levels
Level) sb/bb
1) 1-2
2) 2-4
3) 5-10
4) 10-20
5) 25-50
6) 50-100
7) 100-200
8) 200-400
9) 400-800
10) 800-1600

With 9 levels to the BB at 800, your levels should last about 15 minutes...15 minutes x 9 levels = 2 hours 15 minutes. I suggest coloring up the whites after level 2 and the reds after level 4. Depending on how many players you have, you may not be able to color everyone up though.

An simpler alternative:

5 reds ($25)
5 greens ($125)
5 blacks ($500)
for a total of $650 per player or about 65 big blinds (a little more reasonable...maybe a little light). With 8 players, you will have 5200 in chips in play. When the big blind is around 500 the tournament should end. With this few of chips in play, you may need to make change for players more frequently during play, but is much easier to deal with. Each player has 15 chips total rather that 35 with the previous example. You could even add 4 blue chips, but then you would want to remove one of the levels below to stay in the 2 1/2 hour range.

Levels:
5-10
10-20
15-30
25-50
50-100
75-150
100-200
150-300
200-400
300-600
500-1000

These blinds go up a bit slower (they do not double every level) helping to keep players in longer. With the same 15 minute blinds, it should still last about 2 1/2 hours.

These are 2 ways of doing it leading to different tournament textures. Try each one, change them a bit and you will find what you like.

Hope this helps,
K