First ever NIL deal incentivized tournament coming to college basketball in 2024

The NIL era is here to stay whether we like it or not. There is no question that it has drastically affected the landscape of college sports in just a few short years, but the craziest part is that we are still in the very beginning phases. It will continue to evolve and change over time, but today was another massive step forward in the world of NIL.

It was just announced that in 2024, college basketball will have the first-ever tournament featuring NIL deals. The details are still being ironed out, but the gist is that it will be an eight-team invitational in Las Vegas that will have a pot of $1 million to be split among the players of the winning side.

As of right now, the teams that are rumored to be participating in the ‘Players Era’ tournament include Alabama, Duke, FAU, Houston, Kansas, Oregon, San Diego State, St. Joe’s, Syracuse and Virginia.

The Tide had been pretty silent on their out of conference plans for next season which has been surprising given how solid their schedule has been in previous years, but now makes sense with the introduction of the NIL tournament.

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Story originally appeared on Roll Tide Wire