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.”
The Big South is moving its 2016 men’s basketball tournament out of Coastal Carolina and a new site will be figured out by November. According to a release from the conference the Big South is using a league bylaw that stipulates that members leaving with less than two years of notice are not eligible to host championships. Coastal Carolina announced this summer that it would be leaving for the Sun Belt as of July 2016, so the Big South wants to find a new location that benefits teams staying in the league.
The Big South men’s and women’s conference tournaments are now also going to be split into two unique events, with the men’s championships being held Thursday-Sunday, March 3-6. The women’s event comes the next week from March 10-13. Bids for both events will come into the league and a new location will be selected in the next few months.
It will be interesting to see if the site of the conference tournament is moved to a campus site or placed at a neutral venue. That type of thing could alter how the NCAA tournament autobid gets played out. With Coastal Carolina coming off of back-to-back NCAA tournament appearances, this obviously changes their approach to the postseason now that they have to leave their city.
Virginia Tech is trying to decide what to do with injury sophomore guard Ahmed Hill, who had surgery this summer to deal with a tear in his patella tendon in his left knee.
The 6-foot-5 Hill has still not been released to work out with the team, but he is about a week to 10 days ahead of schedule in his rehab. But the injury is still nagging enough that Hill might not be healthy enough to really contritbute this season. Head coach Buzz Williams is deciding soon whether he wants to redshirt Hill or not.
Hill started a team-high 30 games for the Hokies last season, averaging 8.7 points and 3.7 rebounds per game.
“I don’t have a decision on (Hill),” Williams said to reporters on Monday. “I will make the final decision. I’ll let (him) and his mom be a part of it, but I want to make a decision using the wisdom of doing this for a long period of time. If you let a kid make the decision, they always want to play.
“Right now, I don’t feel comfortable that I would want to play him. It’s just too early to be able to have much more of an answer than that.”
It’s still a rebuilding year for Virginia Tech, but they do get Maryland transfer Seth Allen, who is a talented guard who can score. The Hokies were hoping to have Hill and Allen as complimentary perimeter scorers, but now the plans might have to be altered. Williams went on to say that he would like to make a decision on Hill’s status by Halloween.