The NBA has awarded $5,000,000 to more than 20 school teams in an effort to ensure that they have a platform to showcase the best in college basketball, league sources told ESPN.
The league announced Wednesday the award, which was part of a $2 million scholarship package awarded to 10 schools for the 2017-18 season, with a $1 million cap.
The schools were not named.
The awards will go to teams from the 10 schools in the NBA East Division.
Each of the schools will receive a $500,000 cash prize, a $250,000 scholarship and a $100,000 television contract.
The scholarship package, which will run through the 2019-20 season, will help the teams reach the next level of the NCAA Tournament.
The $2.5 million award will go toward the scholarships of players who finish the season ranked in the top 10 of their respective conferences, according to the league.
“We are proud to have provided the best opportunity to the nation’s most talented and highly sought-after student-athletes to make an impact on the national conversation,” NBA Commissioner Adam Silver said in a statement.
“It is only fitting that we continue this momentum in the next phase of the college basketball season by awarding additional scholarships for the next wave of NCAA Tournament contenders.”