How many comparisons are required to find third minimum?
I think it is $loglogn - 1$.
By applying above tennis tournament method, third minimum can be obtained by conducting a tournament with all the players who were defeated by the second minimum. There will be $loglogn$ players who lost with second minimum. Hence comparisons are $loglogn - 1$.
Edit: Above answer is wrong.
$1,4,2,3,5,6,7,8$ is one possible example where the above method fails to find third smallest element.
Why tournament method isn't able to find the third smallest element?
How to find comparisons required to find third smallest element?