No!
In 1947 Utah defeated Kentucky in the NIT Championship. Vern Gardener of Utah was the MVP.
Utah
Madison Square Garden
The first NIT was played in 1938 and won by Temple who defeated Colorado 60-36 in the championship game.
Penn State Nittany Lions defeated the Baylor Bears 69 to 63 to win the 2009 NIT championship.
Georgetown
No, Baylor lost to Penn State in the Championship game.
No they won NIT championship in 1958
CCNY, led by Irwin Dambrot, won both the NIT and NCAA tournaments in 1950.
ccny
KC Jones