Official rules: Limit of A Maximum Of One Challenge Entry Bracket (one Entry) Per Person In This Challenge. One Person Per Yahoo Id. The "Entry Window" for the Challenge opens ("Start Date") at 12:01 a.m. U.S. Eastern Standard Time ("EST") on March 3, 2014. At that time, you may complete the "Registration Process" and begin creating your Challenge Entry Bracket (defined below) if you wish, but you will not be able to populate your Challenge Entry Bracket with your picks for the Tournament (your "Picks") until after the Tournament seedings have been announced on Sunday, March 16, 2014 at approximately 6:30 p.m. US Eastern Daylight Time ("EDT") (the "Seeding Announcement"). The period between the Seeding Announcement and the end of the "Entry Window" is referred to in these Official Rules as the "Bracket Submission Period." The Entry Window will close at 1:00 a.m. EDT on Thursday, March 20, 2014. CHALLENGE ENTRY BRACKETS WILL ONLY BE ACCEPTED IN THE CHALLENGE FROM THE FIRST FIFTEEN MILLION (15,000,000) ENTRANTS WHO COMPLETE THE REGISTRATION PROCESS (AS DETERMINED BY YAHOO).
Prizes Available. Two (2) prize levels are potentially available (collectively, the "Prizes"), and will be awarded as follows:
Potential Grand Prize Winner: One (1) grand prize will be awarded to an eligible Entrant only if on a single, validly submitted Challenge Entry Bracket, he/she accurately predicts the outcome of all 63 games in the Tournament ("Perfect Bracket"). The Grand Prize (as hereinafter defined) will only be awarded if an eligible Entrant submits a Perfect Bracket (the "Grand Prize Winner"). If more than one (1) eligible Entrant submits a Perfect Bracket and each is confirmed as a Grand Prize Winner, the Grand Prize will be equally divided among the Challenge's Grand Prize Winners, with each Grand Prize Winner entitled to the Grand Prize Winner's proportionate share of the Grand Prize regardless of the whether the Grand Prize Winner elects the Annual Payment Option (defined below) or the One-Time Payment Option (defined below). For example, if there are two (2) Grand Prize Winners, each Grand Prize Winner will be entitled to elect either 50% of the Annual Payment Option or 50% of the One-Time Payment Option. IF NO ELIGIBLE ENTRANT SUBMITS A PERFECT BRACKET, THE GRAND PRIZE WILL NOT BE AWARDED.
Twenty (20) First Prize Winners: Twenty (20) first prizes will be awarded to the twenty (20) eligible Entrants who scored the most total Points in the Challenge based upon the Scoring System (the "First Prize Winners"). All eligible Entries, other than a Grand Prize Winner, submitted during the Entry Window are eligible to win a First Prize. In the event of ties, the ties will be broken (as necessary) in the following order:
Tie-Breaker For First Prize Winners:
One:
The first tie-breaker will be based upon the following: The Entrant's Predicted Final Score for both participating teams in the National Championship combined that is closest to the actual total points scored by both teams in the National Championship, without exceeding the actual number of total points scored, is the winner.
Two:
If the first tie-breaker does not break the tie, the second tie breaker is as follows: The Entrant's Predicted Final Score for both participating teams in the National Championship combined that is closest to the actual total points scored by both teams in the National Championship, regardless of whether the Entrant's total Predicted Final Score exceeded the actual total of points scored, is the winner.
Three:
If the second tie-breaker does not break the tie, the last tie-breaker is as follows: Earliest date/time of final completion of the potentially winning Challenge Entry Bracket. The date/time determination is based upon the date/time that the potentially winning Challenge Entry Bracket was last saved by Entrant.
Prizes and Approximate Retail Values ("ARV").
Grand Prize: The grand prize ("Grand Prize") will consist of one billion dollars ($1,000,000,000) USD, payable over the course of forty (40) years in forty (40) equal annual installments of $25 million ("Annual Payment Option"). The Grand Prize Winner has the option, in the Grand Prize Winner's sole discretion, to elect to receive a one-time payment of $500 million ("One-Time Payment Option") instead of the 40 equal annual installments of $25 million. THE GRAND PRIZE WILL NOT BE AWARDED IF NO ELIGIBLE ENTRANT SUBMITS A PERFECT BRACKET.
First Prize: The twenty (20) First Prize Winners will each receive one hundred thousand dollars ($100,000) ("First Prize"). The First Prize will be delivered to the First Prize Winners in the form of a check.
Total ARV: Grand Prize and the First Prize are hereinafter referred to, individually, as a "Prize". and collectively, as the "Prizes." The total maximum value of all Prizes available to be won is one billion, two million dollars ($1,002,000,000).
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