From the Bighorns' official release:

This is a great opportunity for anyone who thinks they may have what it takes to play at the next level. And hey, even if it doesn't necessarily lead to a career in the NBA, this is still an entry to playing professional basketball. I'd definitely do it if I was in the area, several years younger, in better shape, and better at basketball.

The full details can be found in the release linked above, but here are a few key details:

If anyone from the StR community participates, let us know! Even better, write a fan post about the experience.

Good luck to everyone who tries out!