Re: Possible format
They could go the R&R J! approach -- play for points, winner either gets a flat grand prize amount (say, $5,000 or $10,000), a sports-themed prize package (similar to the "ESPN vacations" offered to winners on "2-Minute Drill") or convert the points to prize money for the winner.
It's also not clear how many episodes are being produced, let alone how many new episodes will be offered per week.
JD