Per the Hockey Writers’ Mark Scheig:

Details on this will be out in the coming weeks. Believe that this year's Traverse City Prospect's tournament will be just four teams.

Red Wings
Stars
Blue Jackets
Maple Leafs

— Mark Scheig (@mark_scheig) July 18, 2023

The Red Wings have attempted to sustain their 8-team prospect tournament over the past couple of seasons, but every other team seems to want to start its own 2-to-5-team tournament, so the tournament may remain a “round robin”-formatted affair.

Update: Per Sean Shapiro:

Can confirm this. Starts sept 14 https://t.co/I88DpriLrR

— Sean Shapiro (@seanshapiro) July 18, 2023