In my opinion you go one of two ways with it the above one on Reddit or you go 8 4 team divisions one big 12 team in each to divide that best. 3 game round robin then you take winner from each for a single elimination 8 team bracket format with point differential being the determining factor of each division if they want to go nba league cup style with the tournament. Not perfect I know but would be fun
I think 4 x 8 team tourneys during thanksgiving week with consolations. Winners play in a final four tournament over New Years.