No. 4 Purdue fell to unranked Indiana at Assembly Hall by the score of 68-65 on Thursday night.
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An NCAA working group supports athlete endorsement deals with certain conditions, such as not using school logos.
The Power 5 leagues were among 13 conferences to cancel their tournaments amid the coronavirus pandemic. Kansas and Duke also said their athletic travel has been canceled indefinitely, indicating they would decline NCAA tournament bids.
The Wolverines held off a pesky Florida State team to earn its first trip to the Final Four since 2013.
