The inaugural Vegas 16 Tournament is the flip side to the NCAA Tournament. I'd be surprised if there were more than 100 tickets legitimately sold for Monday's opening round at Mandalay Bay.
Oh yes, there were eight teams in the tournament not 16. Each team paid $50,000 for the dubious honor, receiving airfare and hotel accommodations.
I'm thinking of competing against this tournament by launching my inaugural Vegas 8 Tournament, which of course would only feature four teams. Cost for the teams would be $20 and they'd be responsible for their own flight and housing arrangements although I might be able to get them a discount coupon for the Crossland Economy Studios on Boulder Highway. I would try to line up the outdoor basketball courts at Valley High School for the venue.
My target teams would be South Carolina Upstate, Marist, Chicago State and Northern Arizona for some West Coast flavor.