[4] The tournament also determines which national teams qualify for the next edition of the CONCACAF Gold Cup.

[3] CONCACAF president Victor Montagliani stated that the purpose of the competition is to have a regular schedule of international fixtures for CONCACAF's national teams, noting that some teams play fewer than 10 games in a four-year period and needed more competitive games to assist the sport's development in those nations.

The 12 lowest-ranked teams in the CONCACAF Rankings of March 2023 entered the group stage.

Each team played six matches in a double round-robin home-and-away format (three at home and three away).

The trophy represents all 41 CONCACAF national associations and is made of silver-plated brass and stone.