Early in a small tournament with a regular that has developed a friendship and connection with the tournament, sounds fine to me.
If it is a larger buy-in event, I think the chips/buy-in would have to stay. Depends on how close the participants are to each other. Perhaps they are nice enough to pass a hat around and lessen the sting.
If he isn't a regular, screw him.
If it is later in the event or he is an extreme low/big stack, sorry dude. Split or forfeit your chips to the table and see ya next week.
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"And that's how you play aces."
Yeah, you make kings run in to them.
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