College basketball players are getting paid to play 3-on-3. Here’s how and where.

Final Four weekend will introduce a new event in which players who have just finished their remaining college eligibility will be paid to play in a 3-on-3 tournament in San Antonio. It’ll be broadcast live. The event, which is sponsored by Dos Equis, has a $100,000 prize pool, and there will be multiple opportunities for everyone in the tournament to receive some type of payout. There will be 32 teams competing, made up of four players each.

Yes, but technically no. The only players who can participate are those who have used their eligibility — so seniors or grad students. Players’ eligibility is officially up when they lose in the NCAA tournament (or whatever other tournament they played in). They’re no longer seen as the NCAA’s property at that point, even if they haven’t graduated from college yet.

There’s a player selection committee consisting of former players and media that nominated the best departing talent across each Division I conference. They selected Duke’s Grayson Allen, Gonzaga’s Johnathan Williams, Notre Dame’s Bonzie Colson, North Carolina’s Theo Pinson and Joel Berry, West Virginia’s Jevon Carter, and more. The full list is here.

These players haven’t all been confirmed yet, though some mid-majors have.

The tournament spans three days, starting March 30 to April 1.

March 30 - 7 p.m. ET

March 31 - 11 a.m. ET

April 1 - 2 p.m. ET

ESPN2

Bill Greehey University at St. Mary’s University.

There’s $100,000 to be earned in this tournament.

Each team that wins a game during what’s known as “pool play” will earn $1,000. A quarterfinal or semifinal win will also net $1,000, and the championship winner gets $50,000.

Yep! Players getting paid to play sounds good to me.