No. Here is a pretty good summary -
CollegeInsider.com Postseason Tournament - Wikipedia
The tournament was first contested in 2009. In 2012, it expanded to 32 participating teams, but contracted to 26 teams for the 2016, 2017, and 2019 editions, and 20 teams in 2018. The tournament was canceled in 2020 and 2021 due to the COVID-19 pandemic. In 2022, the tournament was re-launched and rebranded as The Basketball Classic. While neither The Basketball Classic nor the CIT were contested in 2023, CollegeInsider.com announced in early March that the CIT will be revived in a 16-team pod-based format for the 2023–24 postseason.[SUP][2][/SUP] Ultimately, only nine teams agreed to play in the 2024 edition.[SUP][3][/SUP]
The CollegeInsider.com website still exists and they have a lot of mid-major content, and sponsor a number of mid-major awards, but they have removed all reference to the tournament they once held. So presumably, it is now defunct. -
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