A possibility ('m sure I'm missing someone good):
PG - Spike Albrecht (Purdue) - if he's healthy
SG - Cullen Neal ((Ole Miss)
SF - Canyon Berry (Florida)
PF - Ben Carter (MSU)
C - Stefan Jovanovic (Loyola Marymount)
1st guard of the bench - Sam Cassell (Iona)
1st forward of the bench - Anthony Livingston (Texas Tech)
Backup Center - Justus Stanback (IUPUI)
And no, I don't think that group would be good enough to make the tournament. It's a little light on talent and the chemistry would definitely be a big challenge.