My apologies for the block of text. I won't be able to edit this post today but feel it's needed ahead of the fireworks tonight. Mods, if you want to throw some paragraphs into this thing for the sake of people's eyes, that'd be helpful...
Michigan is currently the 3rd 3 seed on bracketmatrix, but still have some outside chances of moving up. Our chances of getting a 2 seed come down to both Tennessee and Cincinnati losing today and falling behind us. Based on where they are now (UC 3rd 2 seed, UT 1st 3 seed), unless they both lose badly I don't know that it's possible. The 2 seed locations are Charlotte, Nashville, Pittsburgh and Detroit. Charlotte and Nashville will be swallowed up by Duke/UNC or if UNC gets a 1 seed then either Xavier or Kansas would get Nashville. That leaves Detroit and Pittsburgh, but to get Detroit we'd need to jump not only UC and UT, but MSU and Purdue as well. I doubt we make that sort of jump if we haven't already, but hopping MSU is possible if the committee does the right thing (lol).
If we get to a 2 seed, it's behind Purdue as the 4th 2 seed with us playing in Pittsburgh. Much more likely is staying where we are, but possibly jumping UT, maybe UC (I think this is possible with WSU losing yesterday, making a loss today much worse), or possibly MSU. 3 seed locations are Nashville, Wichita, and two Dallas slots. As the current 3rd 3 seed behind MSU and UT we're in one of those Dallas slots, which is the furthest location we could be in outside of dropping to a 4 seed (all 4 seed locations are out west). If we can pass UT, that gets us to Wichita at least. Nashville is hundreds of miles closer though.
To get there we'd need to either jump both UC and UT with MSU getting a 2 seed, or jump one of the teams playing today along with MSU. Nashville is also in the south regiom, which would include Virginia as the 1 and possibly Cincinnati as the 2 if they win and stay put. I'd prefer that to playing in Wichita, which right now would have Nova as 1 and Duke/UNC as 2. The team that could help even more would be Arizona.
The matrix hasn't updated since their win last night, so they could conceivably hop us, though they have a long way to go from the 4th 4 seed. Them jumping up could be to our benefit as they are closest to Dallas. So for rooting interests today, root for UT and UC to lose badly and the committee to put MSU below us, or if not AZ above us. Of course, I think our boys can beat anyone anywhere if they continue to play like they have been. The location will definitely matter though to us fans who want to see the first couple rounds.
MOD EDIT - I am guessing at breaks here. Not sure what the OP intended for breaks. - LSA