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1 definition by sl.uf.nyc

 
1.
NIT
"Not In the Tournament" refers to the loser's tournament during March Madness for the teams that didn't qualify for the NCAA March Madness Tournament...NIT actually stands for National Invitation Tournament
The Florida Gators played Ohio State in the NCAA tournament in March 2007, in March 2008 the Gators are playing in the NIT tournament..
by sl.uf.nyc March 31, 2008