NORFOLK -- While the University of Virginia estimates its participation in the College Basketball Invitational could cost $150,000 or more, Old Dominion's role as host of a first-round game didn't cost the Monarchs anything.

According to documents released by ODU on Friday, the school will send $5,784.21 in net proceeds from its March 18 game against Rider to the Gazelle Group, the organizer for the first-year tournament.

The Gazelle Group was left scrambling late into the night on Selection Sunday, March 16, as it looked for participants for its 16-team field, particularly those who would host a first-round game. ODU, knowing it would have fewer than 48 hours to promote the Tuesday night game, was able to negotiate a deal waiving the tournament's gate guarantee of $60,000.

ODU included a 10-page contract from the Gazelle Group in documents it released to the Virginian-Pilot, a contract that stipulates the $60,000 guarantee. However, neither party signed it.

Meanwhile, UVa ended up hosting three CBI games, with the standard guarantee to the Gazelle Group of $60,000 per game applying in each case.

According to a Global Spectrum spreadsheet from ODU's home game with Rider, ODU took in $14,884 in ticket sales. The attendance of 2,036.

Minus taxes, game-night expenditures and tournament incidentals, the net proceeds were $5,784.21, all of which are to be paid to Gazelle Group.

ODU men's basketball coach Blaine Taylor declined to comment on the financial aspects of his squad's participation in the tournament.

ODU AD Jim Jarrett declined comment and referred all further inquiries to Rick Giles of the Gazelle Group.

Contacted Friday morning, before ODU released the details of its agreement with the CBI, Giles said, "Our deal and contract template is the same for everyone. We didn't cut any special deals."

Calls Friday afternoon to Giles' office in Princeton, N.J., seeking comment on the ODU documents were not returned.