NIT staying at Madison Square Garden

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INDIANAPOLIS (AP) -- The NIT is staying at Madison Square Garden.

The NCAA, the NIT and the Madison Square Garden Co. announced a three-year agreement to keep the NIT Season Tip-Off semifinals and title game at the New York arena along with the season-ending tournament in April.

First held in 1938, the NIT is the oldest postseason college basketball tournament in the country. Pairings for this season's Tip-Off will be announced by mid-August.