The 6-foot-10 Bryant averaged 12.6 points and 6.6 rebounds last season for the Indiana Hoosiers.
Purdue All-American Caleb Swanigan was also selected and is the highest pick of a Purdue player since 1994.
The moves comes less than two weeks after Archie Miller was named coach.
Archie Miller has spent the past six seasons as the coach at Dayton.
Although Indiana University fired Tom Crean this week, a $4 million buyout means he'll still be the highest paid state employee.
The Yellow Jackets knocked out IU in the first round of the National Invitation Tournament with a 75-63 win.
Former Indiana University basketball player Yogi Ferrell is getting another opportunity in the NBA.
This is the Hoosiers' highest ranking since they were third in the next-to-last poll of 2012-13.
The Men's Basketball Team cracks the top 10 in the country.
Zeller was a stand out at IU before entering the NBA draft after his sophomore year.