Oregon and Oregon State will compete in a Phil Knight Invitational at Moda Center in Portland during each of the next three years.

The event carries the same name as 16-team tournament dubbed PK80 in 2017, but the new format will feature only two games.

Oregon State will face Oklahoma and Oregon will play Memphis on Tuesday, Nov. 12. ESPN Events plans to continue the PKI through 2021.

“I am very happy to be part of a new tradition of early season college basketball matchups with the PKI,” Knight said in a statement. “We love college basketball in the Pacific Northwest and I appreciate ESPN and the Rose Quarter for making the PKI an annual event in Portland.”

Oregon and Memphis have never played in men’s basketball. The Tigers, coached by former NBA star Anfernee “Penny” Hardaway, are 18-12 with a 10-7 mark in the American Athletic Conference.

Memphis has signed 7-foot center James Wiseman, the top recruit in the nation who goes to East High School in Memphis.

Oregon has also signed a recruit from Memphis as 6-8 forward Chandler Lawson will join the Ducks from Wooddale High School. Lawson played for Hardaway’s AAU team and his father, Keelon, is a former assistant coach for the Tigers while two of his older brothers played at Memphis before transferring to Kansas.

Oregon is slated to host Houston, Baylor and Boise State in nonconference games at Matthew Knight Arena next season.