The 2006 Buffalo Funds - NAIA Men's Division I Basketball Tournament was held from March 15 to 21 at Municipal Auditorium in Kansas City, Missouri. This was the 69th annual NAIA Division I basketball tournament and featured 32 teams playing in a single-elimination format.

The Chuck Taylor Most Valuable Player Award was created to honor the most valuable player of the National Association of Intercollegiate Athletics (NAIA) men's basketball national tournaments. Established in 1939 and later named as an homage to the Chuck Taylor All-Stars, an iconic basketball shoe in the early 20th century, it has been awarded every year with the exceptions of 1944 due to World War II and 2020 due to the coronavirus pandemic. Between the 1991–92 and 2019–20 seasons, the NAIA was split into Division I and Division II. Each division subsequently held their own national tournament, with MVPs awarded for them respectively. Starting with the 2020–21 season, the NAIA returned to non-divisional classifications.