And despite the fact that many teams hang banners for the events you list, they are simply marking and acknowledging they didn't win. S16, E8, loser in NC - these are artificial constructs. They might mean something to folks, but they are participation trophies. There have been discussions ad nauseum here on Loyalty about the challenges of a 1 and done tournament and what it means in the big picture of college basketball. For me, watching the Illini advance in the tourney is always exciting, and I'm hoping (since 1983 anyway) to see us win it all. But if you don't win the natty, every other team is a loser, regardless of where they drop out of the tournament, whether they are first loser or last loser, they lost. Championships and banners are forever. Since 2019, championship banners by B1G teams
Illinois: 2020-21 BTT, 2021-22 B1G (tie with Wiscy), 2023-24 BTT
Indiana: 0
Iowa: 2021-22 BTT
Maryland: 2019-20 B1G (tie with MSU & Wiscy)
ScUM: 2021-22 B1G, 2024-25 BTT, 2025-26 B1G
MSU:2019-20 B1G (tie with Maryland and Wiscy), 2024-25 BTT
Minnesota: 0
Nebraska: 0
Northwestern: 0
tOSU: 0
Oregon: 0
PSU: 0
PU: 2023-24 B1G, 2023-24 BTT, 2023-24 B1G
Rutgers: 0
UCLA: 0
USC: 0
Washington: 0
Wiscy: 2019-20 B1G (tie with MSU and Maryland), 2021-22 B1G (tie with Illinois)
If NCAA tourney results are the only thing that matters to you, then you do you, everyone can pick their own source of joy. I'll always pull for us to win banners first, and enjoy every minute the Illini are in the NCAA's, hopping and cheering for them to go all the way and win the natty. YMMV.