The annual tournament began on March 19 on campus sites and ended on April 4 at Madison Square Garden.
Baylor defeated Iowa, 74–54, to capture the Bears its first NIT title in school history.
The following teams earned automatic berths into the 2013 NIT field by virtue of winning their conferences' regular season championship, but failing to win their conference tournament.
These teams also did not receive an at-large bid for the NCAA tournament.
Games are played at higher seed unless noted.