"The event has expanded from eight teams last year to 18 this year, and the plan is to expand to 32 teams in a three-week format next year. Seth Berger, the CEO and founder of the Players Era, told ESPN there will be four eight-team groups. Two of the groups will play three games during the first week, while the other two groups will play three games during the second week. The four group winners will return for the third week and play one more game, either the championship game or third-place game."
"According to sources, the Players Era aims to become an NCAA tournament-like event in November that will feature the best teams in college basketball. That ambition could include a new format and games that take place outside Las Vegas in the future. Its changes have already impacted other Feast Week events because of its rapid growth and payouts. Expansion in the years ahead will limit the number of available elite teams for other events within the sport as the Players Era event moves forward."
Big 12 announced Monday that it will get eight automatic bids to the Players Era Festival, in coming years, which will give every participant a guaranteed $1 million NIL payout.
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