Players to make $500,000 each for winning NBA's In-Season Tournament / News - Basketnews.com

NBA will be implementing an In-Season Tournament starting in the 2023-24 season, with prize money of $500,000 per player for the championship team. The tournament is part of the new collective bargaining agreement (CBA) between the NBA and NBPA.

Credit: Mark J. Rebilas-USA TODAY Sports - Scanpix Credit Mark J. Rebilas-USA TODAY Sports - Scanpix

The Athletic's Shams Charania reports that prize money for the championship team of the NBA's In-Season Tournament beginning in the 2023-24 season is $500,000 per player.

In-Season Tournament was included in the new collective bargaining agreement (CBA) between NBA and NBPA.

According to Adrian Wojnarowski of ESPN, the event will include pool-play games baked into the regular-season schedule starting in November -- with eight teams advancing to a single-elimination tournament in December. The Final Four will be held at a neutral site, with Las Vegas prominent in the discussion.

Each in-season tournament game would count toward regular-season standings; the two finalists would ultimately play 83 regular-season games.

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