The team played its home games at Simon Skjodt Assembly Hall in Bloomington, Indiana, as a member of the Big Ten Conference.

The season officially began with the annual event, Hoosier Hysteria (this year featuring G Herbo), on Friday, October 7, 2022.

In his official statement, Woodson claimed, "Ultimately, I believe that the fit must be right with a coaching staff, and I’ve decided that a change is necessary.

[3] Coach Woodson announced new staff additions on May 9, 2022, of Steven Surface as the Director of Basketball Operations, replacing Benny Sander, and former IU basketball standout Jordan Hulls as the new Team and Recruiting Coordinator, filling the vacant spot left with the promotion of Walsh.

[4] On April 9, 2022, Trayce Jackson-Davis announced that he would declare for the 2022 NBA draft, while still keeping his college eligibility.

[5] Jackson-Davis announced on May 20, 2022, via Twitter that he was withdrawing from the Draft and would return to IU for a fourth year.