I will admit that I am probably not as well versed on the new CBI tournament as you or squirrel, but let me throw this in.
Why would the NCAA spend approximately $50 million to buy the NIT?
It would seem to me that the NCAA which ultimately controls everything would want to look out for themselves after taking the trouble to purchase the NIT.
The last article that I read about the CBI mentioned that the CBI did not have a tv deal. I am sure this will change, but aside from alumni and fans, who will want to watch the CBI in March while the NCAA and to a lesser extent the NIT are in progress?
65 teams in the NCAA...32 or so teams in the NIT... 16 remaining teams for the CBI... It doesnt sound too interesting considering that a lot of teams are not too enthused to play in the NIT. Look at the December College Football Bowl games. It used to be a big deal for a school to go to a bowl game. Not anymore. (unless you are talking about the major bowls)
My take on the potential of the CBI (and I am probably wrong) is that the investors of the CBI are hoping that the NCAA expands the field for either the NCAA or NIT thus allowing for the investors in the CBI to turn a nice profit when the NCAA has to knock on the door to buy them out.
They bought the NIT out because they were going to lose their anti-trust case against the NIT.