The good news is that Indiana only lost one starter in guard Verdell Jones III. They also lost reserve guard Matt Roth and reserve forward Tom Pritchard. Combined those three averaged 13 points a game.
The bad news is that last year's team wasn't as close to championship-caliber as most think.
Indiana is getting much of their hype because they were able to knock off two of the best teams in the country last season when they beat Kentucky and Ohio State. Too much of the focus is on those two games and not enough on the rematches.
In both cases when the Indiana met Ohio State and Kentucky for the second time, they were handily beaten.
Perhaps more concerning, those weren't the only bad performances the Hoosiers had last season. They suffered double-digit losses at Michigan and Michigan State, they dropped a home game to a Minnesota team that went 6-12 in conference play and also managed to lose Nebraska, who finished 4-14 in conference play.
In Assembly Hall, the Hoosiers went 4-0 against ranked opponents. However, away from Assembly Hall they were 0-6 against ranked opponents. Until Indiana proves they can win a game away from Assembly Hall, they can't be considered favorites to do anything.
Don't get me wrong, there is a wealth of talent returning to Bloomington with Cody Zeller. Jordan Hulls is a dead-eye shooter, Victor Oladipo and Will Sheehey provide athleticism and transition scoring on the wings, and Christian Watford is perhaps the second best scoring forward in the Big Ten behind DeShaun Thomas. Plus their new crop of freshman and returning sophomores provide depth.
But they haven't proven themselves to be anything more than a second-tier Big Ten team with a couple NCAA tournament wins over double-digit seeds.