No way. The members page is currently broken, but
http://web.archive.org/web/20080805024322/http://poker.cs.ua... says they have four profs, two consultants, an adjunct researcher, 5 graduate students, and 3 programmer analysts. I can only speak to the costs at the University of Michigan, which I attend, but let's assume they're similar at Alberta. Professors' salaries are around $100k and graduate students cost ~~$50k-$60k before candidacy and probably ~$25k-$30k after. That's at least a half-million dollars per year for the professors and graduate students alone; add the programmer analysts and the consultants and you'll be hard-pressed to get much more than a year of work on the project for your million bucks.