Buffs to compete in new NIL tournament

• The NIL ambassador earnings will include a $300,000 package for the champions and $100,000 for the runner-up team. The third and fourth place teams will receive $50,000 each.

How it works: The field includes 15 additional schools that, like CU, missed out on the NCAA men's tournament.

• Automatic bids for the single-elimination tourney were given to the top two teams from the Big Ten, Big 12 and Big East, while the rest were picked by a selection committee.

Between the lines: Colorado joins fellow Big 12 schools Arizona State, Cincinnati, UCF and Utah in the post-season competition.

• Other notable participants include Boise State, Butler, Georgetown and USC.

What's next: The Buffs play the Villanova Wildcats on Tuesday at 6:30pm on FS1.

• The tournament runs through April 6.