"Bounty chips" and Prizes that are a bounty on a particular player are not the same thing. Neither are "bounty chips" and "points". So is it possible you are confusing the 3?
Bounty chips are chips that are bought by players at buy-in or rebuy. A player can buy a single bounty chip for a given amount of money, or none. Bounty chips are awarded from a busted-player to the player who busted them. Columns on the Players and Stats tabs keep track of how many bounties a player won, how many they kept (if they didn't get busted out, and thus kept their own bounty chip), and how much bounty money they won.
Points are awarded based on the Points for Playing formula, and a few other fields on the Game tab. They are separate from bounty chips.
Prizes usually award pot money to players who achieve a specific rank, but also may award Points, and may be awarded to players who bust out other players (these are Bounty prizes). They are separate from Bounty chips.