The NBA unveiled the details Saturday of its inaugural in-season tournament, which will have a prize pool of about $18 million and will be capped by a championship game — which won’t count in the standings — in Las Vegas on Dec. 9. It’s an event that NBA Commissioner Adam Silver wanted for years, giving teams a trophy to play for during the regular season.
And now, it’s finally reality.
“This is a concept that has been rumbling around the league office for about 15 years,” Silver said. “It’s not a new concept in sports. For those that follow particularly international soccer, it’s a long tradition of having in-season tournaments … so we thought, what a perfect opportunity for a global league like the NBA and it’s a perfect fit for our game.”
The tournament payouts for players on standard contracts will be $500,000 apiece for those on the winning team, $200,000 apiece for those on the runner-up, $100,000 apiece for those on the teams that lose semifinal games and $50,000 for those on the teams that lose in the quarterfinals.
Two-way players on any of those teams are eligible for up to half those amounts, depending on how many games they spend on a roster during the tournament.
The Final Four will be in Las Vegas.
“This city knows how to host big events,” Silver said.
Teams were assigned to a five-team group. They’ll play one game against each other; the six group winners will make the quarterfinals, as will the best two second-place teams from the groups.
They were chosen as follows:
West Group A — Memphis, Phoenix, the Los Angeles Lakers, Utah and Portland.
West Group B — Denver, the Los Angeles Clippers, New Orleans, Dallas and Houston.
West Group C — Sacramento, Golden State, Minnesota, Oklahoma City and San Antonio.
East Group A — Philadelphia, Cleveland, Atlanta, Indiana and Detroit.
East Group B — Milwaukee, New York, Miami, Washington and Charlotte.
East Group C — Boston, Brooklyn, Toronto, Chicago and Orlando.