The 74th annual tournament began March 15 on campus sites ended on March 31 at Madison Square Garden in New York City.
Wichita State defeated Alabama, 66–57, to win its first NIT title.
The following teams are automatic qualifiers for the 2011 NIT field; by virtue of winning their conferences' regular season championship and not qualifying for the NCAA tournament as an "at-large" bid.
The following 18 teams were also awarded NIT berths.
Played on the home court of the higher-seeded team (except #1 Boston College & #3 Dayton in the first round) * – Denotes overtime Played at Madison Square Garden in New York City