Think Matt Damon will cash in his life savings to enter this? I can see Damon, Affleck and Edward Norton as a team, can't you?
Buy-in is $2,500 for a possible 100-large payoff. Check out the information on the official release below:
The Orleans Arena today announced the debut of The Ultimate 3-On-3 Basketball Challenge, potentially one of the world’s most lucrative high stakes hoops competitions in history. The Ultimate 3-on-3 is open to virtually all players, and will be held at the Orleans Arena Aug. 22-24, 2008, with the winning teams splitting a payoff pool of up to $100,000.
“Some of the most intense competition I have ever seen has taken place in the halfcourt game, and this 3-on-3 Basketball Challenge will give some great athletes a chance to showcase their skills, while winning some great prize money,” said The Ultimate 3-on-3 Challenge commissioner, former University of Michigan and Arizona State University head coach Bill Frieder. “We have all seen how competitive pickup basketball with very low stakes can be, with $100,000 on the line, we expect the level of intensity to go through the roof.”
The Ultimate 3-on-3 is open to any player over 21 years of age, barring players currently under an active professional contract or with remaining college eligibility. Teams of three, four or five players will compete in either the open division or the appropriate age bracket: 20’s, 30’s, 40’s or over 50, with three players on the standard halfcourt court at all times. The games will be professionally refereed, and each team is guaranteed to play at least three games. The entry fee for the open division is $2,500 per team; and $1,500 for the decade division teams.
The Orleans will also provide complimentary rooms for all three nights at its hotel for teams registered before Aug. 1.
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