The NBA in-season tournament is a new annual competition for all 30 teams that debuted in the 2023-24 season. The tournament has a format similar to European soccer tournaments and the WNBA Commissioners Cup. The tournament consists of two stages: Group Play and Knockout Rounds. All 67 games across both stages of the In-Season Tournament will count toward the regular-season standings except the Championship. The tournament nights take place every Tuesday and Friday from November 3 to November 28, and the only NBA games played on Tournament Nights will be Group Play games. The eight teams that advance to the Knockout Rounds will compete for a prize pool and the new In-Season Tournament trophy, the NBA Cup. The champion will receive the NBA Cup, and each player on the winning team will receive $500,000. The semi-finals and championship will take place at T-Mobile Arena in Las Vegas.