I just started www.cbbtalk.com I want to begin promoting it any way possible. I've got an interview with some big time college basketball analysts and stuff like that. But I need to get it OUT THERE for people to see. Would AdWords be best? My budget is +\- $50
start with small marketing like bookmarking sites, if you have the budget try adwords or sem to create a campaign about your site.
$50 on adwords won't get you much, you'll get about 100 clicks. Use the $50 to buy ad space on basketball forums, there should be a few good ones out there. Then just use free marketing methods to get it more popular.