Three words that get used interchangeably but do not mean the same thing are 'suspended', 'postponed' and 'cancelled'. Suspended means you are going to stop what you are doing for now. Postponed means you are going to do it later. Cancelled means you aren't going to do it at all. The first two words are compatible: you are stopping what you are doing and hope to do it later, perhaps at a specified time. Cancelled is not compatible with the other two.
I fail to see why a final decision on the NCAAT had to be made now. This pandemic might be over in 2-3 weeks. We don't know. they could have set it up for May and if it's still a bad idea then, then you cancel it. I see no reason why that could not have been done, unless venues would not have been available or the networks didn't want to televise it because they had other programming, which I seriously doubt.