First, it is the CBE classic, not the CBA classic.
While I agree that the "tourney " is an affront to competition, the new AD is not about to back out of a commitment made by the school. Furthermore, looking at last years field, this will give us three more games in addition to the one at Georgia, Missouri or Cal.
Last year, Duke hosted Princeton and Miami(O). Kansas St hosted JMU and Presbyterian. Marquette hosted Bucknell and UW Green Bay. Gonzaga hosted San Diego St and IUPUI. (San Diego St beat Gonzaga, but Gonzaga went to Kansas City anyway. It did not hurt San Diego St. that went on to be a #2 seed.)
JMU hosted a round robin with Presbyterian, Princeton and Bucknell. Miami(O) hosted a round robin with San Diego St., IUPUI and UWGB. If we get lucky, maybe we get to host three games. If not, we get two neutral court games and one road game against decent competition if last year is any indication.