Kentucky, North Carolina, Duke, Michigan State, Florida, Connecticut, Oklahoma, Ohio State, Georgetown, Stanford, Oregon, Butler, Xavier, Portland and Gonzaga have committed to special tournament in November of 2017 to celebrate Phil Knight's 80th birthday.
Knight, the co-founder of Nike, will turn 80 on February 24, 2018.
The two tournaments, each consisting of eight teams, will take place over four days in Portland, Oregon.
"All of these great basketball programs have been supported by Phil Knight and Nike," Michigan State AD Mark Hollis said. "His support of the programs have created scholarships and resources for these departments to excel."
Hollis said he has contacted ESPN about televising the event. ESPN vice president Burke Magnus confirmed the discussion and said that ESPN is interesting in televising it in 2017.
The best high school junior, Andrew Wiggins, would be in his senior year of college during the event should he stay in school.