The seeding determines when and where the Hoosiers play next, and a high seed could mean an easier first round of games.
The conference tournament in Indianapolis could produce an in-state showdown between old men's basketball rivals Indiana and Purdue.
On the final day of the regular season, No. 12 Indiana topped No. 14 Maryland.
Prices are expected to climb even higher during the remaining auctions.
Indiana Men's Basketball (20-6, 10-3) lost in East Lansing, Michigan Sunday afternoon in a game against No. 8 Michigan State.
Indiana Men's Basketball struggled against Minnesota, but a career night from freshman Thomas Bryant kept the Hoosiers in first place in the conference.
U.S. Senator Dan Coats has not publicly stated whether or not he will support President Obama's Indiana supreme court nominees.
The Hoosiers had 19 turnovers in Tuesday's game and got into foul trouble.
The Hoosiers began their two game exhibition slate with a victory over the Ottawa Gee-Gees.
The university says it recruited Mandarin-speaking student broadcasters and will train them through the Mark Cuban Center for Sports Media and Technology.