LAS VEGAS — Stopping short of saying every participating college basketball team in the Players Era Championship will receive at least $1 million in name, image and likeness money, tournament co-founder Seth Berger said Tuesday the average compensation will be greater than that figure.

Sportico reported earlier in the day that not every school will receive $1 million.

“What I can tell you is that actually on average each team is getting over $1 million in guaranteed NIL compensation,” Berger said.

This is the second year of the tournament, which began Monday. Each of the eight teams that played in last year's event received at least $1 million, organizers have said.

This year's field includes 18 men's teams, with a four-team women's bracket added. Eight of the men's teams are ranked in

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