Officials of the Barclays Center announced the tournament will be held Nov. 9 in the new arena in Brooklyn.
Kentucky coach John Calipari, Maryland athletic director Kevin Anderson, Barclays Center developer Bruce Ratner and Barclays Center CEO Brett Yormark were on hand for the announcement.
No. 2 Kentucky defeated Kansas (No. 11 ESPN/USA Today, No. 12 AP) Tuesday night 75-65 at Madison Square Garden.
"We've played in the Garden and now we're going to be playing in Brooklyn," Calipari said. "We appreciate the opportunity. We will bring 10,000, 12,000 fans, maybe more. They'll overrun the building."