The tournament follows a single-elimination format that involves the top four schools in the standings at the end of the regular season.
In 2001–02, a three-team, two game tournament was held when three teams tied for the league title.
On February 27, 2019, the Ivy League announced that the tournament would continue to be held at a predetermined site, rotating annually through the remaining member schools through 2025 in the following order: Harvard, Princeton, Brown, Cornell, Dartmouth and Columbia.
[3] The Ivy League canceled its entire 2020–21 season due to continued COVID-19 concerns.
[5] † Yale was awarded the conference's automatic bid after the Ivy League Tournament was canceled due to the Coronavirus pandemic.
[6] †† The Ivy League cancelled all winter athletics for the 2020–21 season on November 12, 2020, due to the ongoing COVID-19 pandemic.