The first three rounds were played on campuses, with the semifinal and championship final played at Orleans Arena in the Las Vegas Valley.
In 2022, the Xavier Musketeers won the NIT Title.
Teams which had the best regular-season record in their conference but failed to win their conference tournament automatically qualified for the 2023 NIT if they were not selected for the 2023 NCAA Tournament.
[4] ESPN, Inc. had exclusive television rights to all of the NIT games.
Westwood One had exclusive radio rights to the semifinals and the championship.