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The NCAA announced a revamped selection process starting with the 2006 tournament. The main highlights are:
* Teams are no longer required to have .500 or greater records to receive bids. Even with this change, however, all teams receiving invitations for the NIT, with the exception of North Carolina in 2010, have had a record greater than .500.
* Similar to the automatic bids the NCAA Tournament grants for all conference tournament champions, all teams that won regular-season conference championships but failed to earn NCAA tournament bids are guaranteed places in the NIT.
Just found this.