The tournament involved 64 teams; it started on July 9 and continued through August 2, 2016.

The winner of the final, Overseas Elite, received a two million dollar prize.

The sixteen teams in each region were eleven teams selected by fans via the tournament's website, three teams selected at-large, the defending regional winner from the 2015 tournament, and the team that raised the most money for Big Brothers Big Sisters of America via GoFundMe.

[4] Source: [5] The winning team (its players, coaches, general manager, and boosters) received 90% of the $2 million prize, while the remaining 10% was split amongst the team's top 100 fans (based on points earned online).

[4] Multiple teams in the tournament were composed mostly or exclusively of alumni of a particular school, including those listed here.