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Billionaire businessman Warren Buffett announced on CNBC on Monday that should any Berkshire Hathaway employee correctly predict the NCAA men’s basketball tournament Sweet 16 field, that person will receive ... wait for it ... $1 million a year FOR THE REST OF THEIR LIFE!

“If they can get to the Sweet 16, if there’s only one of them, whoever it is, he or she gets a million dollars a year for the rest of their life,” Buffett said.

Several years ago, Buffett turned the heat up on March Madness by offering up a $1 billion prize to anyone able to predict a perfect NCAA tournament bracket. A savvy businessman, the odds of that happening were very slim, and he didn’t have to sweat it. Last year, he rewarded Berkshire employees with a $100,000 purse to those who predicted the most consecutive winners during the tournament -- a challenge he’s issuing again this year.

“We also have a prize of $100,000 for whoever goes the furthest,” said Buffett. “Last year, we had two fellows that tied. One of them knew a lot about basketball; the other didn’t know anything about basketball, but they each got $50,000 out of it.”

The odds to accurately predict the field -- even to the Sweet 16 -- are a long shot at best. But with more than 100,000 entries expected, according to Buffett, it’s certainly not impossible. If it does happen, Buffet is likely going to lose an employee because who keeps working when they’re getting a mil a year for doing nothing?

May the odds be ever in your favor.