Free-for-all The Basketball Tournament (TBT) is back this year with an even bigger prize money of $2 million (AU$2.7 million).

The only basketball tournament that qualifies players through votes instead of basketball abilities, TBT has already seen its 2016 applications to more than 100. Founded by Jonathan Mugar, a former Division III player, TBT started out of a whimsical text message Mugar sent to his friend Dan Friel, Mashable reports.

Composed ideally of 5 members, a team must have a general manager, a booster or promoter, a coach, a player for assists and a ringer. The team must then create their page and garner 200 votes and 7 players in order to qualify for the regionals. As long as you are 18 years old, you are free to enter the tournament and get a chance to take home the $2M reward. From heaps of hundreds, only 64 teams will be qualified to play, including the final four teams of 2015.

Last year, the final four teams were composed of Notre Dame Fighting Alumni, Team Barstool, Team 23 and Overseas Elite with Overseas Elite scoring the 2015 TBT title.

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Since it is a free-for-all competition, expect another unique mix of basketball professionals playing ball with relatively unknown players. Mashable reports former NBA stars Jason Williams, Mike Bibby and Josh Howard are already hoping to qualify with Matt Ryan, Pacman Jones, Cody Zeller and Will Barton signing up as boosters looking to promote their respective TBT teams and get enough votes to qualify.

Aside from the insanely huge payday waiting for the winning team, TBT also seeks to raise even more money this year for their local Big Brothers/Big Sisters affiliates.

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On June 1, application will close and the initial 12 teams with the highest votes will qualify and automatically be eligible for the regionals.

The tournament proper at the regional level will start on July 9 for the Western and Southern regionals while Midwest and Northeast will compete starting July 16. TBT Championships is slated to happen on August 2 in New York.