Arizona State Earns Record Revenue For FY '16 Ohio State AD Smith Talks New CFP Role Auburn Makes $15M Profit In FY '16 Indiana In The Black For 11th Straight Year Gonzaga Basketball Tickets Are Hot Commodity Fresno State Struggles With Season Tickets UNLV Athletics Facing Nearly $5M Shortfall Who Is The Favorite For Tennessee AD Role? USC, UCLA Competing With Two NFL Teams Big 12 To Withhold 25% Of Future Revenue To Baylor
SBD/Issue 47/Collegiate Sports
Gazelle Group Launching Postseason College Basketball Event
Published November 15, 2007
The Gazelle Group will launch in March the College Basketball Invitational (CBI), which will feature 16 teams not selected for the NCAA Tournament. The CBI will be a single-elimination event up until a three-game Championship Series in which the higher seed will have home-court advantage. Opening rounds are scheduled for March 18-19, with the final series on March 31, April 2 and April 4. TV arrangements will be announced when confirmed. The Gazelle Group produces the 2K Sports College Hoops Classic, the O’Reilly Auto Parts CBE Classic and the Legends Classic (Gazelle Group). Gazelle Group President Rick Giles said when conceptualizing the event, “We looked at who didn’t get into the NCAA tournament and who didn’t get into the NIT, and there were a bunch.” He “cited the decision by the NIT -- owned by the NCAA since 2005 as part of a settlement in a legal battle -- to reduce its field from 40 to 32 teams as one of the reasons for launching another tournament.” Giles said that “despite the NIT’s history of financial struggles, ... he was confident his group can create a financial model that works.” He noted, “We’re not a not-for-profit.” NCAA Senior VP/Basketball & Business Strategy and NIT President Greg Shaheen said that the NIT has “become profitable since the NCAA took over and called the proposed third tournament ‘part of the open-market environment.’” Giles noted that because the CBI is expected to conclude the week before the NCAA final, it “did not require NCAA approval” (L.A. TIMES, 11/15).
Williams Says Decision To Spurn NIT For
CBI Will Vary From School To School