GlenOak High School product earns $174,000 for his share in helping his team repeat as champion of The Basketball Tournament.

BRONX, N.Y. When it’s money time, Overseas Elite knows what to do.

GlenOak High School product Errick McCollum and the defending champions of The Basketball Tournament scratched out a 77-72 win against Team Colorado in Tuesday night’s championship game at Fordham University’s Rose Hill Gymnasium.

Overseas Elite, which trailed by 20 points in the first half, splits up the $2 million tournament prize — double last year’s total. Team Colorado, like the other 62 teams in the tournament, goes home with nothing.

Down 68-65 after a Marcus Hall 3-pointer with three minutes left, Overseas Elite scored the next eight points to grab control. Former Iowa State player DeAndre Kane started the run with a driving hoop and former St. John’s player D.J. Kennedy capped it with a tough floater in traffic to beat the shot clock with 27.9 seconds left.

Overseas Elite made all eight of their free throw attempts during the final two minutes to help seal the win.

McCollum, who earns $174,000 as his share of this year’s prize, has helped Overseas Elite go 13-0 the past two seasons in this winner-take-all event. He scored four points Tuesday and averaged 9.5 for the tourney.

Arizona product Kyle Fogg, who was named tournament MVP by a fan vote, scored 17 points Tuesday for Overseas Elite. He averaged 21.8 points for the tournament, which included a 42-point outburst in the semifinals.

Kennedy, last year’s MVP, made a number of big plays Tuesday, including a chase-down block of Hall with less than six minutes and Team Colorado up five points. Kennedy finished with 18 points.

Overseas Elite trailed 33-13 with 7:52 left in the first half. A 9-2 run during the final two minutes of the half — which included a 4-point play by McCollum — got the deficit down to 46-36 at the break.

The momentum carried into the second half, with Overseas Elite’s defensive intensity holding Team Colorado to one field goal during the first seven minutes. Overseas Elite grabbed its first lead when Paris Horne drove and scored with 11:20 left, giving it a 51-49 advantage and setting the stage for a tight finish.

Hall scored 24 points for Team Colorado. Marcus Relphorde, a former Canton Charge player, added eight points and seven rebounds.