The competitors included world champion José Raúl Capablanca and his predecessor Emanuel Lasker.
Emanuel Lasker met Alexander Alekhine, Efim Bogoljubow, Géza Maróczy, Richard Réti, Savielly Tartakower and Fred Yates in Hamburg.
They steamed with the SS Cleveland on February 28, 1924, and joined Capablanca, Frank Marshall, Dawid Janowski and Edward Lasker in New York.
The tournament was played as a double round robin, with each player meeting every other one twice.
Emanuel Lasker won $1500 for first prize, plus generous payment for travel expenses.