| Tournament details | |
|---|---|
| City | New York City |
| Venue(s) | Madison Square Garden |
| Season | 2005–06 |
| Teams | 40 |
| Final positions | |
| Champions | South Carolina (2nd title) |
| Runner-up | Michigan |
| Semifinalists | |
| Tournament statistics | |
| MVP | Renaldo Balkman (South Carolina) |
The 2006 National Invitation Tournament was the first time the tournament was planned and operated by the NCAA, taking over after 68 years under the auspices of the Metropolitan Intercollegiate Basketball Association (MIBA). The 2006 NIT also saw changes made to the selection process as well as being the first time the NIT seeded the participants.[1] The South Carolina Gamecocks won their second straight NIT title.