The 2004 Buffalo Funds - NAIA Men's Division I Basketball Tournament was held in March at Municipal Auditorium in Kansas City, Missouri. This was the 67th annual NAIA DI basketball tournament and featured 32 teams playing in a single-elimination format. This was the third year the tournament was held in Kansas City. The 2004 NAIA national championship game featured the #1 ranked Cougars of Mountain State and the #6 ranked Eagles of Concordia University (CA). This match up was a repeat of the 2003 tournament. The Cougars defeated the Eagles 74–70. The other teams that rounded out the NAIA national semifinals were Georgetown College (KY) and University of Mobile, respectively.