I disagree. The entire purpose given for this is to get all the schools, alumni and students, together for an event. We frankly don't need a tournament, but if we're going to have one, this is the only explanation that holds any water.
Well, that's the first time I've heard that one. I've heard that the tournament was to promote the league, I've heard it was to keep the seasons alive for more teams, I've heard it was to give us the best chance to get a second team in the big dance.
But if the entire purpose is to get everyone together for an event, let's have a picnic or something, we definitely don't need a basketball tournament.