| Tournament details | |
|---|---|
| City | New York City |
| Venue(s) | Madison Square Garden |
| Teams | 6 |
| Final positions | |
| Champions | Colorado Buffaloes (1st title) |
| Runner-up | Duquesne Dukes |
| Semifinalists | |
| Tournament statistics | |
| MVP | Bob Doll (Colorado) |
The 1940 National Invitation Tournament was the 1940 edition of the annual NCAA college basketball competition.