You can add the Women's Basketball Invitational (WBI) to the list of post season tournaments.
Established last December, the WBI will be the third women's post season tournament. The 16-team field, according to the website, will be chosen by the WBI advisory committee. Home teams keep all of their revenue, while visiting teams get a fee for attending.
How does this effect the NCAA and NIT? It actually doesn't. The WBI field, which will be selected on Monday, March 15, is likely to be made of teams snubbed by the NCAA and NIT.