As always, friends are welcome (ie those you're willing to vouch for by covering their entry fee), but don't spread it to strangers...
It's pretty simple: pick the results of every game (ie fill out a bracket) with the teams you think will win. Points per correct pick increase with each round: 1-2-3-4-6-8. Pick the total (combined) score of the finals game as a tiebreaker (e.g., if you think the champion will beat the runner-up 79-76, then you would choose 155 as your tiebreaker). If you forget to include the tiebreak, a default of 150 will be assigned.
Entry fee is 20 bucks. All $$ in goes back out. The prize structure is as follows: 60% / 20% / 5% for 1st/2nd/3rd. The balance goes to the bonus round winners (see below).
Bonus Rounds: 10% of the pot will be given out to whomever picks the most correct in round 1, and another 5% to whomever gets the most correct in round 2 (rd 2 only, not combined with round 1). The tiebreak for those mini-prizes will be the sum of the seeds of the correct picks in that round (so picking "upsets" will help win the tiebreak). Secondary tiebreaks for round 2 is most correct in rd 1, then sum of seeds of correct rd 1 picks.
Enjoy!