The Basketball Tournament

The Basketball Tournament
Current season, competition or edition:
Current sports event The Basketball Tournament 2024
SportBasketball
Founded2014
FounderJonathan Mugar
No. of teams64 (2024 tournament)
CountriesUnited States
Most recent
champion(s)
Carmen's Crew (2024)
Most titlesOverseas Elite (4)
TV partner(s)Fox Sports
Tournament formatSingle-elimination
Official websitethetournament.com

The Basketball Tournament (TBT) is an open-invitation, single-elimination tournament played each summer in the United States, with the stakes being a cash prize (the most recent tournament in 2024 had a $1 million purse going to the winners). The number of teams playing in the tournament has varied since its establishment, but in recent years has settled into a 64-team field.

The event was founded in 2014 by real estate developer and TV producer Jonathan Mugar,[1][2] and as of 2024, the tournament airs in the U.S. on Fox and its sister network Fox Sports 1 (FS1).

  1. ^ "Management Team". Mugar Enterprises. Mugar Enterprises. Retrieved July 9, 2024.
  2. ^ Lowe, Zach. "Welcome to The Basketball Tournament, a $500K Winner-Take-All Extravaganza". Grantland. Retrieved July 13, 2015.