Indiana and Louisville will meet in the 2014 Jimmy V Classic in Madison Square Garden, according to a report Wednesday in the Indianapolis Star.
The information was obtained through a public records request by the newspaper.
An IU spokesman confirmed the report but said the game had yet to be announced officially. The spokesman said an official announcement would be made at a later date by ESPN. The contract said that IU would be paid $200,000 to play in the game.
The game will mark the 17th meeting between the two schools in history with IU holding a 10-6 advantage. The teams have met three times since 1990 with IU holding a 3-1 edge in those games.
It will also mark the third time Indiana has played in the Jimmy V Classic and IU holds a 2-0 edge in the series. IU beat North Carolina 82-73 in 1999 and Tom Crean's Hoosiers beat Pittsburgh, 74-64, in 2009.
The game is not part of an ongoing series but is instead a one-game contract between the two schools.
Follow Terry Hutchens at Twitter.com/foxsportshutch.