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Certainly, up through the mid to late 1950s this is true. Teams like Kentucky and San Francisco were getting bids through that time. Teams ranked #1 in the AP poll would go to both. But by the early 1960s, that had really changed. By 1961-62, the eastern and midwestern independents and catholics that had been the strongest supporters of the NIT were getting invites into the NCAAs, and turning down the NIT to go there (as I detailed a bit above).The NIT Champ was always considered among the best teams in the country.
The tournament still had luster, and the NIT champ was considered a very good team, but the NCAA champ was the champ, pretty much indisputably.
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was from Power Memorial but just about everyone else was local.