re: Would you rather win the NIT or lose in the early rounds of the NCAA tournament?

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That's like saying you'd rather win the chick-fil a bowl than lose in the first game of the college football playoff.

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no, its not. If you win the NIT, you have won 5 games. Your guys got to practice for 4 more games than LSU actually got to practice for. You would have to practice dealing with various schemes and players.

All the games are televised. Your final 4 in the NIT is in NYC, which is home to first class public league and Catholic league high school ball and right across the Hudson from the gold mine that is north Jersey Catholic league ball.
Being in NYC/North Jersey is like having a bowl game in New Orleans or Miami. You are being noticed in the media by the best high school players.

Its not just one game. So the person saying its like winning the chik-fil-A bowl vs losing in the 4 team playoff is wrong. Its like winning the ATL chick-fil-a, then the meineke car care bowl, then the poulan chain saw bowl (do they still have that?) , then the armed services bowl and then the el paso sun bowl week after week, all on ESPN or one of the lesser ESPN channels for the first couple if you are not a 1 seed, but LSU would have been a one seed over Old Dominion.
and losing in the first round in the 8/9 game is NOT like losing in the 4 team football playoff. Nowhere close. You would need to be talking elite 8 to approach the glamour of the 4 team football playoff, and unless you are a hoops guy over football, even the final four.