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What is the NBA in-season tournament? Format, schedule, groups

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The NBA's inaugural in-season tournament has reached the knockout rounds, which will culminate in one team hoisting the NBA Cup and each of its players walking away with $500,000.

After all 30 teams were split into six groups and played four group stage games across November, eight have now qualified for the quarterfinals: the Milwaukee Bucks, Indiana Pacers, Boston Celtics and New York Knicks in the Eastern Conference; and the Los Angeles Lakers, Sacramento Kings, New Orleans Pelicans and Phoenix Suns in the Western Conference.