(Eugene, OR) -- The University of Oregon has announced the PK80 - Phil Knight Invitational, a 16-team tournament that will honor the Nike co-founder's 80th birthday. The three-day event will take place at the Moda Center and Veterans Memorial Coliseum during Thanksgiving weekend in 2017. The tourney will include college basketball powerhouses such as Duke, Georgetown, North Carolina and Michigan State. Oregon, Portland and Portland State will also participate.