The National Invitation Tournament (NIT) is an annual men's college basketball tournament operated by the National Collegiate Athletic Association (NCAA). Since 2023, all rounds of the tournament are played at various sites across the country which are selected annually. From its founding in 1938 to 2022, the semifinals and finals were always played at Madison Square Garden (MSG) in New York City. Predating the NCAA Division I men's basketball tournament by one year, the NIT was considered the most prestigious post-season showcase for college basketball before its status was superseded in the mid-1950s by the NCAA tournament.