"March Madness is the term used to describe the annual men's and women's NCAA Division I basketball tournament. Every March, 68 teams play in up to seven rounds of single-elimination games for the chance to win a national championship."
"Thirty-one teams automatically qualify by winning their respective postseason conference tournament. The remaining 37 teams must earn an at-large bid, determined by the selection committee."
"Teams that advance past the first two rounds of the tournament enter the regional semifinals, also known as the Sweet 16, when the field has been reduced from 68 teams to 16. The next round, the regional finals, is called the Elite Eight. Then, it's on to the Final Four, where schools are just two wins from a championship."
March Madness refers to the annual NCAA Division I men's and women's basketball tournaments held each March. Thirty-one teams automatically qualify by winning their conference tournaments, while 37 teams earn at-large bids determined by a selection committee. The 68-team field is revealed on Selection Sunday. The First Four games reduce the field to 64 teams for the first round. Teams advance through regional semifinals (Sweet 16), regional finals (Elite Eight), and Final Four rounds in single-elimination competition. The term "March Madness" originated with H.V. Porter, an Illinois High School Association official.
Read at ESPN.com
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