NIT drops third-place game

Updated: October 7, 2003, 8:16 PM ET

NEW YORK -- The NIT said Tuesday it will no longer have a third-place game.

The 32-team postseason tournament has brought its last four teams to Madison Square Garden for the semifinals and then played championship and third-place games two nights later.

The National Invitation Tournament started in 1938 and held a third-place game every year except 1982 and 1983.

The NCAA tournament, which started in 1939, held a third-place game from 1946 through 1981.

The Preseason NIT, which is held at Madison Square Garden during Thanksgiving week, will still have a third-place game.

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