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LONG ISLAND CITY, NY - APRIL 30: A general view of the NBA 2K League Studio during the NBA 2K League media availability on April 30, 2018 in Long Island City, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2018 NBAE (Photo by Michelle Farsi/NBAE via Getty Images)Michelle Farsi/Getty Images

NBA 2K League 2018: Schedule, Prize Money and Format for Esports Tournament

Joseph ZuckerMay 1, 2018

While the 2017-18 NBA season is winding down with the playoffs underway, the inaugural NBA 2K League is just beginning.

The event is getting underway with The Tipoff tournament that begins Tuesday and runs through Saturday. The NBA 2K official Twitter account shared the schedule for group play to determine who moves on to the quarterfinals:

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In the NBA 2K League, 17 teams will compete over 17 weeks to determine a champion. The winning team will receive $300,000. The regular season begins May 11 and will conclude Aug. 11, at which point the playoff field will be set. The postseason starts Aug. 17, with the 2K League Finals set for Aug. 25 in a best-of-three series.

The full schedule is available on the NBA 2K website.

Fans interested in following Tuesday's action can watch live on the 2K League's official Twitch channel.