The NBA In-Season Tournament is well underway, with the Knockout Rounds set to begin. After Group Play took place throughout November, eight teams have advanced to compete in the Quarterfinals, Semifinals, and Championship. The tournament will be held in Las Vegas, Nevada.

The Knockout Rounds will kick off on December 4-5 with the Quarterfinals, followed by the Semifinals on December 7. The Championship game will take place on December 9. The winning team will not only take home the NBA Cup but also a prize of $500,000 for each player.

The tournament structure consists of Group Play and the Knockout Rounds. The teams that finished as group winners and the two wild card teams with the best records in Group Play have moved on to the Knockout Rounds.

NBA Commissioner Adam Silver has been eager to introduce the In-Season Tournament to generate more revenue and increase competitiveness. The tournament's format draws inspiration from European soccer. Additionally, the tournament has proven to be successful in terms of viewership, with a double-digit increase compared to regular season games from last season.

As the NBA In-Season Tournament continues, fans await the exciting Quarterfinal matchups between the Boston Celtics and the Indiana Pacers, as well as the Sacramento Kings and the New Orleans Pelicans. With high stakes and intense competition, the teams will vie for a chance to be crowned champions of the inaugural tournament.