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How a perfect NCAA tournament bracket will win you a billion dollars

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Warren Buffett wants to give you a billion dollars.

With a ‘B’.

And he wants to do it if you manage to fill out a perfect bracket for the NCAA tournament.

Seriously. Quicken Loans is sponsoring the Billion Dollar Bracket Challenge, and Buffett is the CEO of Berkshire Hathaway, the company insuring the grand prize.

“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, President and Chief Marketing Officer of Quicken Loans. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”

Anyone with a perfect bracket will win either $500 million up front or $25 million a year for the next 40 years. If no one wins, the top 20 brackets will receive $100,000.

“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett.  “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online.  To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”

Gonzaga’s NCAA tournament chances take a major blow in loss to No. 16 SMU

SMU guard Nic Moore (11) shoots over Gonzaga forward Kyle Wiltjer (33) during the first half of an NCAA college basketball game, Saturday, Feb. 13, 2016, in Dallas. (AP Photo/Jim Cowsert)
(AP Photo/Jim Cowsert)
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Nic Moore scored 18 of his 25 points in the second half and added 11 assists as No. 16 SMU knocked off Gonzaga in Moody Coliseum on Saturday night, 69-60.

The Zags got 20 points and 16 boards from Domantas Sabonis, but Kyle Wiltjer scored just four points and shot 2-for-17 from the floor.

It wasn’t pretty.

And it may have been the end of Gonzaga’s NCAA tournament hopes.

Entering Saturday, the Zags had an RPI in the mid-60s, enough to keep them in the bubble conversation but not enough to make them anything more than a team that will be projected to end up on the cut-line.

The issue is a complete lack of quality wins on their résumé. Gonzaga beat UConn in the Bahamas. That’s a borderline top 50 win. They beat Washington, another borderline top 50 win. Beyond that? They swept Pepperdine, beat Tennessee and own a win over Montana. None of those are top 100 wins, and that’s why the SMU game was such a big deal. The Mustangs are a top 25 team. This was a road game. This win was the kind of thing that the Zags could pin at the top of their profile.

But Wiltjer didn’t show up, the Zags had no answer for Moore and they’ll head back to Spokane needing, in all likelihood, to win the WCC’s automatic bid if they want to dance.

POSTERIZED: Cal’s Jaylen Brown has his dunk contest entry

California's Jaylen Brown lays up a shot against Oregon State in the second half of an NCAA college basketball game Saturday, Feb. 13, 2016, in Berkeley, Calif. (AP Photo/Ben Margot)
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Cal picked up a big win over Oregon State in Haas Pavilion on Saturday night, and the exclamation point was this emphatic dunk from Jaylen Brown: