68 Teams will play in the 2011 tournament.
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Since 2011 there are 68 teams that qualify to play in March Madness. The first round consists of four games and eight teams playing to determine the remaining 64 teams which play in the following five rounds. The last or seventh round known as The Finals is played by the remaining two teams.
Currently (2013), the NCAA selection committee extends bids to 68 teams for the men's basketball tournament that is known as "March Madness."