New College Basketball Tournament Offers $2 Million in NIL Payouts

The 'Players Era' tournament set for Thanksgiving weekend aims to revolutionize NIL earnings in college sports.

A new in-season men's college basketball tournament named 'Players Era' will offer up to $2 million in NIL deals to the participating teams.
The tournament will feature eight teams and is set to take place at MGM Arena in Las Vegas during Thanksgiving weekend.
Each participating team is guaranteed at least $1 million in NIL dollars, with the winning team eligible to earn another $1 million.
Teams in talks to participate include Alabama, Duke, Florida Atlantic, Houston, Kansas, Oregon, Rutgers, San Diego State, St. John's, Syracuse, and Virginia.
The tournament aims to add intrigue to the early portion of the college basketball season and is seen as a significant innovation in the NIL era.