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The new College Basketball Crown tournament is tying NIL deals to wins

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  Print publication without navigation Published in Sports and Competition on by Axios
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The College Basketball Crown, a new postseason tournament, tips off its inaugural run on March 31 with 16 men's teams. What's at stake: $500,000 in name, image and likeness brand ambassador deals is on the line making it one of the first postseason college basketball tournaments to explicitly tie team success to NIL opportunities.
The new College Basketball Crown Tournament, set to launch in 2025, introduces a unique twist by linking Name, Image, and Likeness (NIL) deals directly to team performance. This tournament, which will feature 16 teams not qualifying for the NCAA March Madness, offers players the opportunity to earn significant financial rewards through NIL deals, with the potential for earnings increasing as teams advance. The event, backed by Fox Sports and AEG, aims to provide an alternative postseason opportunity for mid-major teams, enhancing their visibility and financial prospects. The structure of the tournament not only incentivizes winning but also aims to level the playing field by offering substantial financial incentives that could change the landscape of college basketball.

Read the Full Axios Article at:
[ https://www.msn.com/en-us/sports/other/the-new-college-basketball-crown-tournament-is-tying-nil-deals-to-wins/ar-AA1BRdQI ]