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South Carolina declined an NIT bid

The tourney in Vegas is where these teams will go, probably. College Basketball Crown. IIRC they invite the 2 best teams from each conference to play that did not make NCAA. If i missed NCAA I would rather do a tourney like this.
THIS ^

Only 4 Power5 conference teams accepted a bid to the NIT this year. Last year 18 accepted.

Some of those that declined accepted a bid instead to the new more lucrative College Basketball Crown tournament played in Las Vegas (MGM Grand) broadcast nationally by FOX (FS1).

 
Because it's NIL compensation, not salary for playing games, technically neither the school nor the collective has much to be aggrieved about. (Ethically is a different matter.) The collective can't put them under contract to play the whole season right?

I suppose the collective could accuse a player of fraud if they quit the first week of the season, maybe? But good luck recruiting anyone else after you start threatening to sue past players.

I'm not a lawyer.
You are missing the point.
There was a time when your word meant something and traditions mattered.
You sign a scholarship in return for your services as a player is a contract but we just turn our heads away when they opt out of playing.
Animals are running the zoo these days.
 
The portal is already open. Some teams probably know they are about to lose half their roster.
The portal doesn't officially open until the 24th, but that's not stopping players who's seasons have ended already from announcing they will be entering it. Just don't think they can sign anything or make anything official until the 24th.

Either way, I'm not sure what the financial advantages are to accepting an NIT invite. How much money is to be gained/lost? but If I was a coach or AD, of a team in that situation, I would go to the team and take a vote on whose interested in playing and who just wants the season to be done. It would have to be a pretty unanimous vote one way or the other though.
 
The portal doesn't officially open until the 24th, but that's not stopping players who's seasons have ended already from announcing they will be entering it. Just don't think they can sign anything or make anything official until the 24th.

Either way, I'm not sure what the financial advantages are to accepting an NIT invite. How much money is to be gained/lost? but If I was a coach or AD, of a team in that situation, I would go to the team and take a vote on whose interested in playing and who just wants the season to be done. It would have to be a pretty unanimous vote one way or the other though.
I’d imagine the money trams like South Carolina would get in the NIT can’t compare with what they will make from their share of the NCAA tournament money. Actually I just checked and aside from things like travel and lodging, teams get $4,000 for each game they play in the NIT in 2021. Meanwhile USC will get millions from their cut of the NCAA tournament, just for sitting at home.

So there is no prestige and very little financial benefit. The only real reason to do it is development if you think most of your team will be sticking around. If you are senior heavy or expecting to lose most of your roster to the portal it’s pointless for a team from a major conference.
 
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