It took some extended talks, but Pitt is playing at least one more game.
Pitt (17-16), denied by the 32-team NIT, will host Wofford (19-13) in the pay-to-play College Basketball Invitational.
The first-round game of the 16-team CBI will be held at Petersen Events Center on Wednesday night.
Pitt, which survived a scare to beat Wofford, 63-60, in the 2009-2010 season opener, missed the 68-team NCAA Tournament field for the first time since 2001.
The Panthers were also left out of the NIT later on Sunday night, before accepting an 11th-hour spot in the CBI, a tournament that in the past cost upwards of $60,000 to host a game.
The winner will play the Princeton-Evansville winner in the second round on March 19. The only other BCS schools in the CBI field are Washington State and Oregon State.
This would have marked the first time since 1978-79 that the Panthers finished the season with a winning record and weren’t invited to a post-season tournament.
The CBI begins on March 13 with first round games. All games are played at host sites – they are reseeded after the quarterfinals — with a best-of-three finals on March 26, March 28 and March 30.
Only two Big East teams, St. John’s in 2009 and Cincinnati in 2008, have ever played in the CBI, a fifth-year event.
Dixon could not be reached for comment.
Pitt (98 RPI) applied for a berth in the NIT, but missed the cut in a season in which it went 5-13 in the Big East and lost 15 of its final 21 games. Some at-large NIT picks selected ahead of the Panthers included Iowa (17-16, 8-10 in Big Ten, 139 RPI) and Minnesota (19-14, 6-12 in Big Ten, 89 RPI).