Buffett's firm offers employees big prizes for NCAA brackets

Buffett's firm offers employees big prizes for NCAA brackets

Buffett's firm offers employees big prizes for NCAA brackets

If you're a Berkshire Hathaway employee, will you be taking part?

Warren Buffet is offering a million dollars a year for life to the employee at his company, Berkshire Hathaway, who can come up with a flawless bracket for the NCAA tournament. This year, he chose to continue the $1 million per year for life contest for his employees but also left the possibility to double the money if a school from Buffett's home state, Oklahoma, wins it all.

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"If either Creighton or Nebraska ends up winning the tournament, we're going to double the prize".

While this is an awesome offer, the odds of willing either are astronomically high.

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But Berkshire employees don't need perfection to win some money. Buffet gives $100,000 to whoever can keep their bracket intact the longest.

Last year, a West Virginia factory worker won $100,000 for picking 31 of the tournament's first 32 games. Beginning in 2014, Buffett offered $1 billion to the public for a ideal bracket.

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If more than one person ties in the contest the prize will be split.

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