Texas women's basketball program will earn $1 million in NIL money for participating in this week's Players Era event in Las Vegas that includes two games.

Seth Berger, the CEO of the Players Era Festival, said the winner of the event's championship game Wednesday between Michigan and Gonzaga will receive an additional $1 million in name, image and likeness compensation.

Players Era Festival CEO Seth Berger said teams receive over $1 million in NIL compensation on average, with more opportunities for top four teams.

This is the second year of the tournament, which began Monday. Each of the eight teams that played in last year's event received at least $1 million, organizers have said.

Big 12 announced Monday that it will get eight automatic bids to the Players Era Festival, in coming years, which will give every participant a guaranteed $1 million NIL payout.

UConn women's basketball star Sarah Strong is one of the latest NCAA standouts to join the Jordan Brand lineup.

On Monday, it was announced that Syracuse freshman Kiyan Anthony, Duke freshmen Cameron and Cayden Boozer, and UConn sophomore Sarah Strong signed NIL deals with Jordan Brand:

In October, Lendeborg scored a game-high 25 points and pulled down 10 rebounds in a 96-94 victory over St. John’s at Madison Square Garden. Post-game, Lendeborg made it clear that that was a game that he “absolutely” played with a chip on his shoulder.