iBUYPOWER has announced the first details about its newest Masters tournament, featuring a record $200,000 prize fund.

The invitational event will run from January 19-20 at the Avalon Theater Hollywood, in Los Angeles, and feature eight teams, who will square off for the grand prize of $100,000.

The $200,000 prize pool is an all-time high for iBUYPOWER Masters tournaments, which previously had $100,000 on offer. The format remains unchanged, though, with a best-of-one double-elimination group stage leading to the best-of-three, single-elimination playoffs.

Cloud9 are the reigning iBP Masters champions

Cloud9 are the current iBUYPOWER Masters champions after winning the previous edition of the tournament, held at the Esports Arena, in Santa Ana, in November 2017, by beating Renegades 2-0 in the grand final.

According to iBUYPOWER, the names of the invited teams will be announced soon. The complete tournament schedule looks as follows:

Saturday, January 19

19:00 | Group A match #1 | BO1

20:15 | Group B match #1 | BO1

21:30 | Group A match #2 | BO1

22:45 | Group B match #2 | BO1

00:00 | Group A elimination match | BO1

01:15 | Group B elimination match | BO1

02:30 | Group A winners' match | BO1

03:45 | Group B winners' match | BO1

05:00 | Group A decider match | BO1

06:15 | Group B decider match | BO1