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Cavs’ Owner Giving Away Billion Dollar Prize
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Basketball Insiders 
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All posts by Basketball InsidersUpdated5 hours ago on April 26, 2024
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Quicken Loans, owned by Cleveland Cavaliers owner Dan Gilbert, will award a $1 billion prize to anyone who fills out a perfect 2014 NCAA tournament bracket.
It’s the Quicken Loans Billion Dollar Bracket Challenge, insured by Warren Buffett’s Berkshire Hathaway.
“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth?” Quicken Loans president Jay Farner said in a press release issued by the company. “We decided a billion dollars seems right for such an impressive feat.”
