Sports

$1 Billion Offered For Perfect Tournament Bracket

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ATLANTA, GA - APRIL 08: The 2013 Hall of Fame Class inductees stand on the court as the Naismith Memorial Basketball Hall of Fame 2013 Class On Court Announcement is made during the 2013 NCAA Men's Final Four Championship between the Michigan Wolverines and the Louisville Cardinals at the Georgia Dome on April 8, 2013 in Atlanta, Georgia. (Photo by Kevin C. Cox/Getty Images for Naismith Basketball Hall of Fame)

ATLANTA, GA – APRIL 08: The 2013 Hall of Fame Class inductees stand on the court as the Naismith Memorial Basketball Hall of Fame 2013 Class On Court Announcement is made during the 2013 NCAA Men’s Final Four Championship between the Michigan Wolverines and the Louisville Cardinals at the Georgia Dome on April 8, 2013 in Atlanta, Georgia. (Photo by Kevin C. Cox/Getty Images for Naismith Basketball Hall of Fame)

DETROIT (AP) — Correctly predicting the outcome of every game in the NCAA men’s basketball tournament is no layup.

But there’s now a $1 billion prize waiting for anyone able to pull off the feat this spring.

Quicken Loans announced Tuesday that it’s teaming with investor Warren Buffett’s Omaha, Neb.-based Berkshire Hathaway on the “Billion Dollar Bracket Challenge.”

The Detroit-based mortgage lender says any qualified entrant who correctly predicts the winners of every game in the tournament will be paid in 40 annual installments of $25 million. A winner also can elect to receive an immediate $500 million lump-sum payment or share in that payment if there’s more than one perfect bracket submitted.

Free registration for the contest will begin March 3 and run until March 19. Enter the contest HERE. For more information, visit www.quickenloans.com.

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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