Teams in TBT are arranged by the general manager, sometimes based on which college basketball program the players competed for.

[3] In 2020, the tournament field was reduced to 24 teams with all games played at a single venue, due to the COVID-19 pandemic in the United States.

There are also prizes for the top 1,000 bracket entries submitted by fans that score the most points through their picks, on a deescalating scale starting at $4,000 for the winner.

As of the 2019 edition, the most significant exceptions were:[7] TBT has had a number of current and former NBA players participate, including Hakim Warrick, Jason Williams, Dahntay Jones, Mike Bibby, Royal Ivey, Matt Bonner, Jimmer Fredette, and Brian Scalabrine.

Megan Gustafson, who had been cut by the Dallas Wings before the 2019 WNBA season, was slated to play for Iowa United, a team made up primarily of alumni of the state's four NCAA Division I schools.

In 2016, NBA players such as John Wall, Kristaps Porzingis, Rudy Gay, Shaun Livingston, Chandler Parsons, and Austin Rivers served as boosters for different teams.

[19] After pleas from ESPN analyst Fran Fraschilla, Yahoo Sports columnist Jeff Eisenberg, and SportsCenter host Scott Van Pelt,[20] the NCAA adopted the ritual for March Madness in 2018.

[24] On June 28, 2014, Notre Dame Fighting Alumni won the inaugural TBT championship, defeating Team Barstool, 72–68.

The winning team, represented by several former Fighting Irish players, including MVP Tyrone Nash,[25] donated $40,000 to Coaches vs.

[27] Overseas Elite was able to repeat as TBT champions by defeating Team Colorado, 77–72, on August 2, 2016, to claim the $2 million prize; Arizona alumnus Kyle Fogg was named MVP.

[28] On August 3, 2017, Overseas Elite beat Team Challenge ALS, 86–83, to become three-time TBT champions, with Fogg again being named MVP.

[29] On August 3, 2018, Overseas Elite won their fourth consecutive final, defeating Eberlein Drive, 70–58,[30] with D. J. Kennedy being named MVP for the second time.

The 2021 final was held on August 3 in Dayton, Ohio, with Boeheim's Army (Syracuse) defeating Team 23, 69–67; the winning shot was made by Keifer Sykes.