On the all-America team were the five mentioned players, plus Chris Douglas-Roberts of Memphis, Luke Harangody of Notre Dame, Chris Lofton of Tennessee, Derrick Rose of Memphis, and Brandon Rush of Kansas.
All will attend the Wooden Award Gala in Los Angeles on April 11.
Beasley, who was earlier named the Player of the Year by CBS Sports.com, is the first Kansas State player to earn recognition from the Wooden Award, which was created in 1976 for the nation's best player.
Beasley is also one of four finalists for the Naismith Player of the Year Award that will be presented on April 6 in San Antonio, site for the NCAA's Final Four.
Other finalists are Hansbrough, Love and Douglas-Roberts.
Beasley already holds 30 Kansas State career, single-season and freshman records as well as 17 Big 12 single-game and single-season marks. He is both the school's and conference's all-time single-season leader in scoring average (26.2 ppg.) and double-doubles (28), while he owns school single-season marks for points (866), rebounds (408), most 30-point games (13), most 20-point games (26), field goals made (307), free throws made (216) and free throws attempted (279).