A static bracket is a coloring book. A dynamic bracket is a simulation engine. This is where Excel transcends the pen-and-paper experience.
In the cell representing the "Winner" of a matchup, you can use a simple logical test (assuming you have a scoring system). =IF(ScoreA>ScoreB, PlayerA, PlayerB) make a bracket in excel
Use Fill Color (the paint bucket) to shade the player cells. Use a light grey for Round 1 and a gold or bright color for the Championship cell. A static bracket is a coloring book