The NCAA tournament field is set, and Yahoo's Tourney Pick 'Em has teamed with Quicken Loans for the first Billion Dollar Bracket Challenge. Chris Paul, Paul George, Chris Bosh and Carmelo Anthony are participating in the Celebrity Bracket Challenge and are submitting their own picks where users can join their individual bracket pools. Paul, George, Bosh and Anthony talked recently with Yahoo Sports about their strategy for NCAA tourney pools and how they would spend $1 billion.

If you won the Billion Dollar Bracket Challenge with a perfect bracket, what would you do with the money?

Paul George: "Of course I'm retiring. I'm going to try to own the Pacers and run [Pacers president] Larry [Bird] up out of his spot. Yeah man, I'm retiring for sure. That's a lot of money to sit on. Of course, I'm going to invest it right and make sure my money works for me, but I'm definitely leaving the game at that point and resting up early."

Chris Paul: "Me and my wife actually have joked about it, and even guys in our league talk about, 'If you were to win the lottery, what would you change?' A lot of people say that the first thing they'd do is quit their job. That's not what I would do. I love my job. I'm getting a chance to live my dream now. What I'd actually have happen is my family and people around me, a lot of their lives would change. I'd really get an opportunity to do some of the things in philanthropy that I've always wanted to do. I get to do a lot of different things now, but obviously I'd get to do a lot more."

Chris Bosh: "I'd spend it, give away some to charity and take care of the people I need to take care of. And then I'd go on the best vacation the world has ever seen. I would continue to play. I wouldn't have anything else to do. I love basketball. We all played this game since we were little and we did it for free. I'd continue to play this game for sure."

Carmelo Anthony: "I might still want to play just to be playing. I'm going to have the money. But to still be able to do what you do and still have fun doing what you do and still know you got a billion sitting in the bank, that would make life just that much easier."

'Melo, you wouldn't use the $1 billion to buy the New York Knicks?

Carmelo Anthony: "Yeah, I am going to need some more investors if I want to try to buy the Knicks."

[Sign up for the Billion Dollar Bracket Challenge]

What advice can you give to someone filling out a bracket?

View photos

Chris Paul: "You should always do one bracket with your heart. Then you do one bracket with logic. But with this, the billion-dollar bracket, you better do one bracket with logic. If you go with your heart, you're wasting your time."

Chris Bosh: "Don't think too much. The more thought, the more kind reasoning you do with yourself about why this team can win. Anything can happen in one game. It makes it really, really difficult to figure out what is going on. I'd say keep your emotions out of it. Just kind of pick at random."

Paul George: "You got to watch college basketball. It's different in the NBA guessing who is going to win a game, but in college it's much more strategic. You got to sit down and watch to know who is going to beat who and what matchup is going to be the better matchup or what playing style is going to be better than another playing style. You really have to be a fan of college basketball to be successful in [tournament pools]."

Story continues