The tournament is set to be held at the T-Mobile Center in Kansas City, Missouri until 2031.

The Tournament has been held every year since 1997, except in 2020 when it was cancelled due to the coronavirus pandemic.

The top eight teams will receive a first round bye and the top four teams will receive a double bye, automatically advancing them into the quarterfinals.

[2] Seeding is based on regular season records, ties will be broken using a tiebreaker system, with the first tiebreaker being best record in head-to-head matchups then the 2nd tiebreaker being head-to-head record against each team in the conference beginning with the first place team and working down.

Numbers in parentheses refer to each team's finish/seed in the tournament for that year.