Indiana University’s men’s basketball program is reportedly in negotiations to join a new eight‑team showcase called the Diamond Cup, which is slated to make its debut in the 2027‑28 season.
The tournament, first reported by Matt Norlander of CBSSports.com, would bring together IU alongside traditional powerhouses such as Arizona, Gonzaga, Kansas, Kentucky, Michigan, North Carolina and UConn.
Early concepts envisioned a four‑game series for each participant, but recent discussions suggest the 2027‑28 edition may settle on a two‑game format per team, according to sources familiar with the proposal.
Participating schools are expected to receive $2.25 million in the inaugural year, with that figure rising to $3.75 million in subsequent seasons, a financial incentive that could reshape non‑conference scheduling.
Diamond Cup Format and Financial Landscape
The shift toward a shorter series reflects a broader trend of colleges seeking marquee matchups without overburdening student‑athletes, while still delivering a premium television product that can attract sponsors and broadcast partners.
Games would be staged at neutral venues, providing a national platform that benefits both the players and the institutions through heightened exposure and marketing opportunities.
The potential inclusion of IU also comes at a time when the Hoosiers are already slated to meet Kansas, Kentucky and Michigan in the upcoming season, a factor that could influence how the Diamond Cup schedule is constructed.