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Joe Lago

UNCOVERED: What does nit stand for and how did it come to be - Caught on Camera

NIT NCAA Basketball IN Tor Bill Bradley James Naismith Robert GoddinImagn the National Invitation Tournament Colorado

Seton Hall guard Al-Amir Dawes (2) celebrates with the NIT trophy. | Robert Goddin-Imagn Images

Every March, America gets swept up in college basketball, taking part in the madness created by the NCAA tournament in men's and women's hoops. Fans and bracket pool enthusiasts are drawn to the compelling drama played out on the hardwood.

The NCAA tournament hasn't always been the premier postseason competition of college basketball. There was a time when another showcase event held more prestige and even packed Madison Square Garden with games featuring the nation's best talent.

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