On October 27, 2023, the NCAA announced that conference regular season champions that do not win their conference tournaments and are not otherwise selected for the NCAA Division I men's basketball tournament would no longer receive an automatic bid. The NIT would now guarantee bids to two teams from each of six major conferences: ACC, Big East, Big Ten, Big 12, Pac-12 and SEC. Ahead of the 2025 NIT, the NCAA again revised the selection criteria, removing some guarantees from power conferences and reinstating some of the previous automatic bid system. For the 2025 NIT, exempt bids will be given to two teams from both the ACC and SEC, plus one team each from the top twelve conferences as rated by KenPom. Additionally, automatic bids will be given to regular-season conference champions with an average ranking of 125 or better across the BPI, KPI, NET, KenPom, SOR, Torvik and WAB rankings.
The WNIT is affiliated with the NIT in name only. The WNIT was not purchased by the NCAA; it is currently being run and operated by Triple Crown Sports.
In July 2023, the NCAA announced it would create a direct counterpart to the postseason WNIT, the Women's Basketball Invitation Tournament (WBIT), with the first edition held in 2024. Like the men's NIT, it features 32 teams and is directly run by the NCAA. The WBIT follows the pre-2024 NIT practice of extending invitations to all regular-season champions of Division I conferences that were not selected for the NCAA tournament (if eligible).