The NIT is also held in generally higher regard than the three newer tournaments that have debuted since 2008 (the current College Basketball Invitational and CollegeInsider.com Tournament, plus the Vegas 16, which folded after only one edition); Saint Bonaventure, a school that has a policy of refusing to play in those newer tournaments, still accepts bids to the NIT if invited (the school, tiny by Division I standards, is unwilling to spare the expense of participating in those lesser tournaments)