LAS VEGAS — The Players Era will expand from 18 to 24 teams this year and split into two tournaments, with the two most recent national champions headlining a pair of loaded fields.

Michigan, which won the national title in April, will be in the Players Era Sixteen on Thanksgiving week in Las Vegas.

Florida, which won the national title a year ago and could be the No. 1 team heading into next season, will be in the Players Era Eight a week earlier.

The Players Era and ESPN also announced a multiyear agreement for the men’s tournaments, though details weren’t released.

In the Players Era Eight, joining Florida will be Auburn, Houston, Kansas, Notre Dame, Rutgers, UNLV and West Virginia.

Michigan’s field in the Players 16 includes Alabama, Baylor, Creighton, Gonzaga, Iowa State, Kansas State, Louisville, Maryland, Miami, Oregon, St. John’s, San Diego State, Tennessee, Texas Christian and Texas Tech.

The Players Era, which will be in its third year, has replaced the Maui Invitational and Battle 4 Atlantis as the premier early season event in college basketball. Tournament co-founder Seth Berger said during last year’s event that participating teams receive on average at least $1 million in name, image and likeness money.

The Big 12 Conference owns an equity stake. The top eight teams in the standings receive automatic bids into following year’s event, an agreement that goes through 2030.