In August 2024, the NCAA sent out a memo reiterating that players could not be directly compensated for participating in an MTE, even if the money was routed through a collective. EverWonder claimed that players would participate in sponsorship opportunities on behalf of the event that would allow for NIL compensation, with this compensation being described in agreements between EverWonder and the schools' NIL collectives, but not in the agreements between EverWonder and the schools themselves.[3]
The following month, a financial representative for the event informed Sportico that an announcement would be made soon for the sponsor and TV partner. The publication questioned the event's prospective profitability, as other MTEs bring in between $1-3 million, far below the potential amount needed to make the event profitable.[4]
On October 22, 2024 it was announced that the 2024 Players Era Festival will now feature a Players Era Championship Day on the final day of the festival where a tournament champion will be crowned.[5] Each group will be ranked first through fourth, and after head-to-head record, seeding will be determined by total point differential in group games (capped at 20 points per game), then total points scored and fewest points allowed. The top seeds from each division will face off in the championship game, with the rest of the standings filling out the third, fifth and seventh-place matchups.[6]
