1938 in basketball

Events

 * March – The first National Invitation Tournament (NIT) is played. On March 16, Temple University defeats the University of Colorado 60–36 in New York City to become the inaugural champions of this annual tournament.

College

 * Men:
 * 🇺🇸 NCAA
 * National Invitation Tournament: Temple 60, 36
 * 🇺🇸 NAIA
 * NAIA: 45,  30