The 6-foot-8 Hood, who played just one season in Durham after transferring from Mississippi State, is considered a definitive first-rounder by many NBA executives and could wind up being taken in the lottery. Parker will likely be chosen in the top three picks of the June 26 draft.

Hood averaged 16.1 points, 3.9 rebounds and 2.1 assists per game this past season. He sat out the 2012-13 season per NCAA transfer rules.

"Rodney had two terrific years here at Duke," coach Mike Krzyzewski said in a statement. "He was an integral part of our team two years ago because he was such a great practice player, and this year he was one of the best players in the country. So consistent, and a great young man on and off the court. He will do really well in the NBA."