Ivy League Group Agreement to all intercollegiate sports, effective with the 1955–56 basketball season. This is generally reckoned as the formal formation of the Ivy League. As part of the transition, Brown, the only Ivy that hadn't joined the EIBL, did so for the 1954–55 season. A year later, the Ivy League absorbed the EIBL. The Ivy League claims the EIBL's history as its own. Through the EIBL, it is the oldest basketball conference in Division I. As late as the 1960s many of the Ivy League universities' undergraduate programs remained open only to men, with Cornell the only one to have
Ivy League automatic bid. The Ivy League is one of only two Division I conferences which award their official basketball championships solely on regular-season results; the other is the Southeastern Conference. Since its inception, an Ivy League school has yet to win either the men's or women's Division I NCAA Basketball Tournament. On average, each Ivy school has more than 35 varsity teams. All eight are in the top 20 for number of sports offered for both men and women among Division I schools. Unlike most Division I athletic conferences, the Ivy League prohibits the granting of athletic scholarships; all scholarships awarded