The NBA has announced the schedule for its inaugural in-season tournament, with the winning team receiving the NBA Cup and players earning $500,000 each. The tournament will take place in November and December and aims to generate revenue and draw more attention to the league. The tournament is based on the cup tournaments in European soccer and will impact the regular-season schedule and standings. The winning team will receive $500,000 and there will be individual awards for MVP and an all-tournament team. The tournament will not impact the playoffs.