They reached the semifinals of the conference tournament in MSG before being eliminated by Purdue.
The Nittany Lions finished the season with a 21-13 record, going 9-9 in the Big Ten.
The return to the NIT marks the first time Penn State has played in the tournament since winning it in 2009 with a victory over Baylor.
This is the second team in the seven-year Pat Chambers era to play in a postseason tournament. Sophomore guard Tony Carr was selected first-team All-Big Ten and USBWA All-District and to the Big Ten All-Tournament Team.
The NIT begins play in a couple of days.
The full NIT bracket has been released. "It should be easy to get them ready to play".
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"Notre Dame was the team knocked out by the Davidson win", Rasmussen revealed on the TBS Selection Sunday show.
The good news, if such a thing exists for the program at this juncture, the Nittany Lions will face a Temple team littered with familiar faces as Penn State team with plenty of Philadelphia connections of its own.
Temple will visit Penn State in an opening round NIT game, Wednesday at 8 p.m. (ESPNU).
Notre Dame, Oregon, and Rider are among the teams that fill out Penn State's corner of the field. The Nittany Lions made a late-season push to make the bubble for the big dance, but it wasn't quite enough. The Nittany Lions have just two seniors, Shep Garner and Julian Moore, on their 2017-18 roster. "Of course we wanted to play in the NCAA Tournament, but we want to play". We'll have more on that matchup later this week.
And as far as history?
The teams traded goals in the first period as Jordan Gross and Andrew Peeke scored for Notre Dame while Nate Sucese and Brandon Biro scored for Penn State.