The annual tournament was 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.
The NIT Selection Show aired at 8:30 PM EDT on Sunday, March 13, 2016, on ESPNU.
The following 15 teams earned automatic berths into the 2016 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.
^Florida was not able to host home games at the O'Connell Center due to arena renovations.
[2] * Denotes overtime period ESPN, Inc. had exclusive television rights to all NIT games.