The Vegas 16 is a single-elimination, eight-team postseason basketball tournament. The event will begin on Monday, March 28, with the quarterfinals and continue with the semifinals on Tuesday, March 29 and the final on Wednesday, March 30. All games will be televised on CBS Sports Network.All have won, and all must be given prizes, although tournament organisers must be disappointed that there weren't more also-rans and programs who thought the selection committee screwed them last Sunday.
The Vegas 16 field includes six 20-win teams; the winner of the NIU-UCSB quarterfinal will meet the winner of the Tennessee Tech-Old Dominion quarterfinal. The other half of the bracket includes Oakland, Towson, Louisiana Tech and East Tennessee State.
What's interesting, though, is that the National Collegiate Athletic Association underwrites some of the expenses for post-season play, and money is fungible.
Where there's a little tin box, there must be a little tin key to unlock it.
Northern Illinois athletic director Sean Frazier said it won’t be donors who pay for the pricetag of the Vegas 16 tournament.Because television exposure.
Frazier said money given by the NCAA to the school has been allocated to pay the $50,000 it will cost for the men’s basketball team to play in the inaugural eight-team tournament in Vegas this month.
“We have NCAA dollars dedicated to postseason,” Frazier said at a news conference Tuesday. “There’s no magic hat, there’s no money tree in the backyard. We know the constraints around resources, but the NCAA dedicates resources for postseason and what we’ve done is dedicate those resources to men’s basketball.”
Frazier said one of the benefits of the Vegas 16 tournament compared to other “pay-to-play” tournaments such as the CollegeInsider Tournament and College Basketball Invitational is that it will be in one site – Mandalay Bay Arena – over three days.The spin is worthy of a spokesman for a losing political campaign.
Also, all of the games will be broadcast on CBS Sports Network.
“The other thing I like about this tournament is we’re going to be on TV – national television,” Frazier said. “It doesn’t get any better than that. We’re going to be right in the mix.”
The Vegas 16 was the last tournament to be finalized Monday evening. Although the bracket only had eight teams instead of 16 – causing ridicule on social media – the teams have an average RPI of 123, which is higher than the CBI (161) and CIT (168). Frazier said although there were some rumors the tournament would fold, he was confident a deal would get done.Because there's an art to making great deals. Or a lot of upside potential. Or something.