That's a wild take even for an Indiana fan. They lost their entire offensive identity with Fernando Mendoza gone. The defense was a paper tiger last year that got exposed in every big game. Calling them underrated is ignoring the massive holes on their roster. They're a middle-of-the-pack Big Ten team at best, and everybody outside Bloomington can see it. Last year was a fluke built on a soft schedule and lucky bounces. They're not reloading, they're regressing to the mean.