The winner of the award will be announced on April 14, 2014. The award has been given out since the 1988-89 season with previous winners including Kevin Durant, Carmelo Anthony, Jason Kidd and Chris Webber.
Hill opened his Florida career in Friday's exhibition win over Florida Southern. The freshman point guard scored 17 points and added three assists in 26 minutes on the court.
The Gators open the regular season against North Florida on Friday at 3 p.m. in the O'Connell Center.