Ole Miss (20-13) is a No. 5 seed, and will travel to face No. 4 California (17-14) in the first round at 8 p.m. on Wednesday in Berkeley, Calif. Rebels' senior Chris Warren needs just two points in the game to become the third player in school history with 2,000 career points.
Ole Miss has had recent success in the NIT, advancing to the semifinals at Madison Square Garden in both 2008 and 2010.
Southern Miss and Mississippi State — two teams thought to be in contention for a spot in the NIT — were not selected.
In other NIT selection news, Colorado and Virginia Tech will have to get over their NCAA snubs quickly.
The two teams were selected as No. 1 seeds for the NIT and will play Wednesday night in the opening round of the tournament. The other top seeds are Boston College and Alabama.
The Buffaloes and Hokies — and the Eagles and Crimson Tide, too — were hopeful their names would be called Sunday night to fill out the expanded 68-team NCAA tournament. Instead, Colorado will have to prepare for Texas Southern and Virginia Tech for Bethune-Cookman in the consolation tournament.
Among the other bubble teams who dropped into the NIT were Missouri Valley regular-season champion Missouri State, Atlantic-10 tournament runner-up Dayton, and West Coast Conference regular-season champion St. Mary's.