Couple more things:
I found that when we blocked rooms for our wedding guests in April, the "deal" they gave us wasn't really that much of a deal.
It was marginally cheaper ($10-$15/night) at the time of the block, but I had guests tell me they could get the room cheaper if they just booked themselves off booking.com or Expedia or whatever.
But I guess you're also doing it for peace of mind that there will be rooms available, not necessarily trying to get your guests a great deal.
Also, make sure you guys aren't on the hook for any rooms should you not make the quota. There were some places which had this type of bogus policy in place.
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