The NCAA owns and operates the NIT. They do the configuration of the arena and everything. Random anecdote about that... When I was in school they moved student radio (WAER) to a lift behind the bleachers so they could sell four more courtside seats. Those seats sat empty for almost every non-conference game, but that didn't matter - they were paid for. For the NIT, WAER was courtside because the NCAA was in charge and treated student radio better than the athletic department of "Sportscaster U."