Victor Oladipo, Sporting News' college basketball player of the year, will announce at 4 p.m. ET he is leaving Indiana early to enter the NBA Draft, CBSSports.com reports.

Oladipo had a breakout year in which he led the Hoosiers to 29 wins, their first outright Big Ten regular season title in 20 year and a No. 1 seed in the NCAA Tournament. Indiana's season ended with a loss to Syracuse in the Sweet 16.

The junior guard 13.6 points, 6.3 rebounds, 2.2 steals and 2.1 assists per game. He was named Big Ten defensive player of the year.

DraftExpress.com projects Oladipo as the No. 5 pick in the draft.

"He's a great player because he plays both ends at such an incredibly high level," Indiana coach Tim Crean told Sporting News in March. "There's so much talent in there, and he's made these gradual changes. His game really elevated last year in February, especially his ability with ball screens. I think that gave him more confidence because he could get to the rim. The shooting he's just continued to work on.

"He's able to fix what needs to be fixed and focus on what makes him best."