The wikipedia page is a good source for the big ten tourney schedule. Looks like #1 and #4 seeds are locked. If I'm seeing things correctly, Michigan is a near lock as the #2 seed. All they have to do is win @PSU. OSU can only tie UM at best and that's if they win @MSU. UM holds the tiebreaker.
So what that means for us is if we beat the Hoosiers we are the #5 seed and play Wiscy (after beating Neb). If we beat them we'd play MSU in the semi game.
If we lose to the Hoosiers we would be the #6 seed and play OSU (after beating Neb). If we beat them we'd play Michigan in the semi game.
Penn St. and Nebraska should both lose the last game tying for last place. Their tiebreaker is determined by who wins the IU/Purdue game since they split and each one's best win would be IU or Purdue. Either way it works out that we would definitely play Nebraska. I like this.
Personally I would rather have the #6 seed route but that means losing to IU. This would be the only benefit to losing but I absolutely don't want to lose to IU. We may be able to beat Wiscy easier than OSU but I like our chances against both. But then I'd rather play Michigan than MSU in the semi final.