Yesterday Memphis' Head Coach Penny Hardaway said "NO" his team will not be participating in the NIT. Today it looks like two more teams will be rejecting the NIT. Cincinnati and Ole Miss are the latest two. It appears that some of the so-called P5 teams will be rejecting the bids, since it serves them no real purpose and they can get started recruiting the transfer portal preparing for next season. If this is the case, it just shows how much more deep the NIL and Transfer portal has affected College Basketball, plus the NIT will be forced to once agains rearrange their tournament to include the MM/LM conference winners that miss out on the NCAAT. Frankly it serves them right because it took away from the smaller leagues and teams the chance to be rewarded after a great season only to include an average or below average P5 team that actually had a failure of a season. Maybe open the Transfer window after the Final 4?