What's buzzing:

$1 billion offered for perfect tournament bracket

AP - Sports

DETROIT (AP) -- Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup. There's now a $1 billion prize waiting for anyone able to pull off the feat this spring.

Quicken Loans Inc. announced Tuesday that it will team 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.

It's a safe investment by Buffett's group. ESPN which has run a tournament challenge for the past 16 years that has included President Barack Obama - has never had a perfect bracket in over 30 million entries according to the network.

CBS Sports, which also has run a pool for years, said it hasn't had a perfect entry either. Last season, no unblemished brackets made it through the round of 64.

Quicken Loans Inc. said it will offer to split $2 million among the 20 most accurate predictions submitted for the contest. It will also donate $1 million to educational charities in Detroit and Cleveland, the two cities that are the main focus of Quicken founder and Chairman Dan Gilbert's activities.

''We've seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,'' said Jay Farner, president and chief marketing officer of Quicken Loans.

Submissions are limited to one per household.

View Comments (26)
  • Fan falls from upper deck into lower level seats at Turner Field, taken to hospital

    A fan has been given emergency medical treatment and been taken to a hospital after falling from the upper deck into the lower-level stands at Turner Field during a game between the New York Yankees and Atlanta Braves. There was no immediate word … More »

    The Canadian Press - 1 minute 26 seconds ago
  • Moustakas has 3 RBIs, Royals beat Rays 6-3

    Moustakas has 3 RBIs, Royals beat Rays 6-3

    ST. PETERSBURG, Fla. (AP) -- Mike Moustakas had three hits and three RBIs, Kendrys Morales kept up his torrid two-out hitting and the AL Central-leading Kansas City Royals beat the Tampa Bay Rays 6-3 on Saturday night. … More »

    AP - Sports - 2 minutes 50 seconds ago
  • Sky clinches playoff spot, tops Dream 98-96

    ATLANTA (AP) -- Cappie Pondexter scored 22 points and the Chicago Sky beat the Atlanta Dream 98-96 on Saturday night. … More »

    AP - Sports - 2 minutes 50 seconds ago
  • Nationals hit 3 homers, Zimmermann goes 7 in 5-1 win

    Nationals hit 3 homers, Zimmermann goes 7 in 5-1 win

    WASHINGTON (AP) -- Clint Robinson and Ian Desmond hit back-to-back home runs, Jordan Zimmermann pitched seven innings and the Washington Nationals beat the Miami Marlins 5-1 on Saturday night. … More »

    AP - Sports - 4 minutes 39 seconds ago
  • Late TD lifts Montana, Stitt past NDSU

    If the Montana Grizzlies football program didn't quite know what it had in a new head coach stepping up from the Division II level, everybody must be believing after Bob Stitt and the 13th-ranked Grizzlies upset four-time defending FCS champion … More »

    AP - Sports - 4 minutes 39 seconds ago