Follow the groom's dress. We used to go up a notch for these things but you don't want to look like perfect paul if he's sporting jeans & tshirt.
$200 should be plenty. The best man should call ahead, maybe check performers & rates & bachelor party shows. Go in as a group for the main stuff.
Or so I've heard. 
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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195
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