The annual tournament is being played on campus sites for the first three rounds, with the Final Four and championship game being held at Madison Square Garden in New York City.
On February 6, the NCAA announced the 2015 NIT will use a 30-second shot clock (same as its WNIT counterpart) and a 4-foot (1.2 m) restricted-area arc as experimental rules for the 2015 tournament.
[2] The following teams earned automatic berths into the 2015 NIT field by virtue of having won their respective conference's regular season championship but failing to win their conference tournaments or receive an at-large NCAA bid.
The following teams were listed as the "First Four Out" of the NCAA tournament and received #1 seeds: Old Dominion, Richmond, Temple, Colorado State.
* Denotes overtime period ESPN, Inc. has exclusive television rights to all NIT games.