2023 NBA Draft
NEW YORK, NEW YORK - A general view of the atmosphere prior to the first round of the 2023 NBA Draft at Barclays Center on June 22, 2023 in the Brooklyn borough of New York City. Sarah Stier/Getty Images

The NBA has officially announced the details and format of its long-planned in-season tournament, which aims to increase excitement during the mundane moments of the league's regular season.

All 30 teams will participate in the new event, and they will be split into six groups -- three each conference with five teams each via a random draw based on their previous regular season record.

During the group play stage of the tournament, each team will play its groupmates one time for a total of four games, two at home and two on the road.

These games will happen every Tuesday and Friday starting on November 3.

The team with the best record for each group after the group plays and the next team with the best record in each conference will move on to the knockout round.

From there, the final eight teams will play a single-game elimination format. The last four teams standing will play the semis and championship game for the NBA Cup in Las Vegas on December 7 and 9.

NBA Cup trophy unveiled

The trophy for the NBA's new in-season tournament, the NBA Cup, was revealed on Saturday during the league's annual gathering in Las Vegas.

Steve Kerr, Trae Young, Anthony Edwards, Cade Cunningham, Paolo Banchero, and Victor Wembanyama pulled the cloth out of the trophy to unveil the league's latest hardware.

"New traditions take time. But, all throughout sports, we are seeing new innovations, and now is the time for this NBA in-season tournament," NBA Commissioner Adam Silver said.