bubble hand, correct play?

[Jackrabbit Slim]

Fold preflop. You have a pretty healthy stack so there is no need to make a stand with a crap hand.

Personally, I would probably check/fold that flop unless you had the T [img]/images/graemlins/spade.gif[/img] and even then I might fold it. When you bet that much you have to call his raise since you're pot comitted so you might as well push right away instead of that pot sized bet.

If villain has overcards with a spade or an overpair you are way way behind here and those are pretty likely hands. The only thing you possibly beat is overs without spades. I wouldn't put the tournament on the line to find out which it is.