I don't think the NIT is a loser's tournament, either. I'm just not a fan of the CBI, though. Maybe, there are some rare circumstances that I may understand about being in the CBI. But, I could care less about it.
Nevertheless, considering the circumstances with St. John's; the coach and their roster.... The NIT sucks for their situation. We have a team of upperclassmen and they barely got into the NIT (#6 seed out of a major conference).
I would've been happy with this two years ago and okay with it a year ago. But, I think it sucks considering the points I've made.