Should the NIT (Not Interested Tournament) be cancelled?

MarathonMike

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Sports is really milking it with the sub-500 teams in bowl games and the 68 team tournament. There had to be a peak shake out sooner or later.
 
My understanding is that the NIT was once the king of tournaments. Part of the reason was it was held in New York, the center of media. They then started playing home games to reduce costs. That hampered coverage. There was also the lawsuit, which stated that the NCAA expanded to 64 teams to finally put out the NIT flame.
 
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