Rather than focusing on Alliances as all previous EVE tournaments have done, this tournament will be team-based. Each team will have between eight and 24 players, and there will be a total of 32 teams in the tournament. Teams will have to be created on the official signup page (which will open October 12th) and enter through an online auction. Players may only belong to one team, regardless of how many accounts they own. A team may accept multiple characters from one person, but that person joining multiple teams is prohibited.
If you're interested in joining, be sure to read the full blog post for information about ship bans, tournament rules, and the modified double-elimination system.