Congrats to Trey Burke for being named first team All-American by Sporting News. The others: Victor Oladipo (Indiana), Kelly Olynyk (Gonzaga), Otto Porter (Georgetown), and Marcus Smart (Oklahoma State).
Also, reports on Twitter are that Burke will be named Big Ten player of the year tonight:
Hearing from several sources that U-M PG Trey Burke, one of five finalists for the Cousy Award, will be awarded Big Ten POY tonight. #bookit— Chris Balas (@Balas_Wolverine) March 11, 2013
The other five finalists on the list are: Syracuse's Michael Carter-Williams, Saint Mary's Matthew Dellavedova, Miami's Shane Larkin and Oklahoma State's Marcus Smart.
The Cousy Award will be announced during Final Four weekend.
EDIT: It seems likely that Burke will eventually gain consensus first-team All-American status. According to the Michigan record book, here's the select company he would join:
Cazzie Russell 1965
Cazzie Russell 1966
Rickey Green 1977
Gary Grant 1988
Chris Webber* 1993