Anti-Trust Law

The NIT holds its own independent basketball game tournament annually. The NIT consists of five New York schools - Fordham University, Manhattan College, New York University, St. John's University, and Wagner college. The NCAA March delirium tournament is much larger, much more profitable, and much discontinue attended than the NIT Tournament which netted just $1 billion in revenue last year, (Wolverton, 2005, p. A65). In their lawsuit, the NIT maintained that the NCAA was exhausting to "put the NIT out of calling" with its rule "requiring colleges to accept invitations to its tournament over all other postseason invitations," (Wolverton, 2005, p. A65). Such un light tilt is a hallmark of a monopoly and in possible entrancement of anti-trust law.

The gaffe was tried in a U.S. District judiciary for the Southern District of New York. The lawsuit earlier this year amounted to a tremendous wave of negative publicity for the NCAA. During testimony, arguable basketball coach Bob Knight maintained that "The NCAA had eagle-eyed s

ought to put the NIT out of business" and the NCAA rule "hindered NIT's ability to compete with the NCAA tournament," (Wolverton, 2005, p. A65).

Lawyers for the NCAA countered that the NIT was trying to renege on a 1962 agreement with the NCAA in which it gave the NCAA "first pick of tournament teams," (Wolverton, 2005, p. A65). Myles Brand, president of the NCAA, maintained that its tournament-selection committee does not chose which teams get to twist in the NCIT and that "association officials would do everything possible to ensure that the teams selected to accept in the NIT are chosen in a fair and equitable manner," (Wolverton, 2005, A65).

Wolverton, B. (2005, Sep 2). NCAA settles lawsuit over the National Invitation Tournament. account of Higher Education, 52(2), A65-A66.

Despite such promises of intent, the day the jury began deliberating the case the NCAA decided to voluntarily settle the lawsuit out of royal court for $56.5 million, (Wolverton, 2005). The terms of the settlement allocated $40.5 million to the NIT in
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