Normally I would say VCU is NIT bound, but given the changes in the NIT selection - I am not even sure that is a given for them or even us anymore. This is the new selection being used by the NIT - heavily based on NET it appears. And as you can see below - it heavily favors the big conferences, trying to get more of their teams in it, which I am guessing they hope results in more money. I personally don't like it - cause I think it really eliminates the small schools and leagues who have a league champion, but then lose their conference tourney. Take a team like Colgate. They are 14-1 in the Patriot League, and 20-8 overall. But they have a NET of 120+. Patriot league gives top 2 teams 1 bye. So they still have to win 3 games. What if they lose - they are likely out of everything because of their NET and get no reward for winning their league. I always thought this was a terrible move by the NIT, as it eliminated the smaller leagues. I liked the smaller leagues and league champs getting auto bids - it was a nice consolation prize in my mind. But now your likely to see a 15-11 Ohio State playing a 15-11 Villanova because they have good NET rankings due to their conference.
For the 2024 NIT, conference regular-season champions that do not win their conference tournament or are not otherwise selected to the NCAA Division I Men's Basketball Championship will not receive an automatic bid to the NIT.
Instead, the NIT will guarantee two teams (based on the NET rankings) from each of six conferences (Atlantic Coast, Big East, Big Ten, Big 12, Pac-12 and Southeastern). The top two teams in the NET rankings not qualifying for the NCAA men's basketball tournament from each conference, regardless of win-loss record, will be selected. Additionally, the 12 teams automatically selected will be guaranteed the opportunity to host a game in the first round of the NIT.
Once the 12 automatic qualifying schools have been selected, the NIT Committee will select the 20 best teams available to complete the tournament's 32-team field. Based on the NIT Committee's evaluation, the best four teams of the 20 at-large teams selected will complete the 16 first-round hosts, with deference given to the "first four teams out" of the Division I Men's Basketball Championship, as determined by the NCAA Division I Men's Basketball Committee. Additional teams from the six conferences with automatic qualifications are eligible to be selected as at-large teams and can be selected as hosts.