The 2008 College Basketball Invitational (CBI) was a single-elimination tournament of 16 National Collegiate Athletic Association (NCAA) Division I teams that did not participate in the 2008 NCAA Division I men's basketball tournament or the 2008 National Invitation Tournament.

The inaugural tournament began on March 18 on campus sites and ended on April 4, won by the University of Tulsa, defeating their former Missouri Valley Conference rivals Bradley University in the best-of-three final.

Besides Tulsa and Bradley, Brown, Cincinnati, Houston, Miami (Ohio), Nevada, Old Dominion, Ohio, Richmond, Rider, Utah, UTEP, Valparaiso, Virginia and Washington also participated in the tournament.

New Mexico State turned down a CBI bid for financial reasons.

[1] Alabama,[2] Seton Hall,[3] Texas Tech,[4] and Wake Forest[5] turned down invitations as well for other various reasons.