TMH, my hope, of course, would be to advance to the Championship Round at MSG but should we not, hosting a consolation round would be fun. As for Penn, I didn’t know they had been chosen to participate in the NIT.
sbnation.com/ncaa reports only the following teams as expected to play in this year’s tournament: Michigan (host), Pitt (host), Kansas State (host), Virginia (host), Fordham, Bowling Green, Delaware, Fairfield, Cleveland State, Lamar, Robert Morris, North Texas, and as you say, Lehigh. That would seemingly leave 3 teams yet to be announced. Penn could certainly be one of them.