Nope. Winner take all, all being spot in the semifinals (except $5000 for 2nd and third)
edit: Here's the format (with spoilers for past episodes)
https://www.jeopardy.com/contestant-...ment-champions
18 play in round 1, 6 winners advance
6 Round 1 winners+3 Byes (top seeds/winners), 3 winners advance to the final
Best of seven finals (in that you have to win 3 times to win the Tournament)