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NCAA in talks to purchase, operate older rival

Updated: August 17, 2005, 12:13 AM ET
By Andy Katz | ESPN.com

The NCAA is negotiating to buy the NIT preseason and postseason tournaments as part of the settlement during the NIT's antitrust lawsuit against the NCAA, multiple sources told ESPN.com Tuesday night.

NCAA spokesperson Wally Renfro wouldn't confirm or deny the details of the settlement.

Earlier Tuesday, lawyers on both sides announced that the NIT and NCAA had settled their differences in a lawsuit in which the NIT claimed the NCAA was trying to put it out of business through a monopoly. ...

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