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The deadline for underclassmen to withdraw from the 2022 NBA Draft and return to college basketball is Wednesday at 11:59 p.m. ET. So buckle up. What will Gonzaga's Drew Timme and Julian Strawther do? Michigan's Moussa Diabate and Caleb Houstan? Houston's Marcus Sasser? Kansas' Jalen Wilson? Duke's Trevor Keels? Colorado State's David Roddy?

There are lots of players with big announcements on the way. So the 2022-23 CBS Sports Preseason Top 25 And 1 will be changing again shortly, I'm certain. But I did want to provide one last update before the deadline passes based on some recent developments — specifically Jaylin Williams officially leaving Arkansas, Dalen Terry officially leaving Arizona and Rasir Bolton officially withdrawing from the NBA Draft and returning to Gonzaga.

So this is Version 12.0 of the Top 25 And 1.

You might notice that I barely dropped Arkansas, which I think will leave me higher on the Razorbacks than most. I'm fine with that. Yes, I know they're now only returning one meaningful player (Davonte Davis) from last season's team that advanced to the Elite Eight of the NCAA Tournament. But they're also enrolling three five-star freshmen (Nick Smith, Anthony Black, Jordan Walsh) and at least four impactful transfers (Ricky Council, Jalen Graham, Makhel Mitchell, Makhi Mitchell). That's strong. And, don't forget, arguably nobody has been better in recent years than Eric Musselman at taking players from all over and quickly creating a great team with them. So I remain a believer in what the Razorbacks will be next season.

That's why Arkansas is still in the top five of the Top 25 And 1.

Gonzaga is up to No. 4. Arizona dropped to No. 19.

Now we wait to see what decisions necessitate more shuffling.

FYI: Prospects and transfers announcing their future plans will continue to impact the Top 25 And 1 even after the deadline to withdraw from the NBA Draft passes — but it's difficult, at this point, to envision anybody supplanting North Carolina at No. 1. The Tar Heels are returning four starters from a team that lost to Kansas in the championship game of the 2022 NCAA Tournament. To that core, UNC is adding a top-15 recruiting class highlighted by top-40 prospects Seth Trimble and Jalen Washington. So it's not crazy to think Hubert Davis could start his head-coaching career with back-to-back trips to the Final Four.

Top 25 And 1 rankings

Biggest Movers
1 Kentucky
4 Arizona
1 N. Carolina The Tar Heels' ranking is based on North Carolina returning every rotation player except for Brady Manek - among them All-American Armando Bacot, NCAA Tournament star Caleb Love and defensive specialist Leaky Black. UNC has the best and most-accomplished returning core in the sport. -- 29-8
2 Houston The Cougars' ranking is based on Houston returning a core featuring both players it lost to injury in December (Marcus Sasser and Tramon Mark) plus Jamal Shead. That's three double-digit scorers Kelvin Sampson should have to pair with Jarace Walker, a 5-star freshman who is among the reasons Houston will once again be the favorite in the AAC. -- 32-5
3 Kentucky The Wildcats' ranking is based on CBS Sports National Player of the Year Oscar Tshiebwe returning (alongside fellow starter Sahvir Wheeler) and being joined by a recruiting class highlighted by five-star guard Cason Wallace. Keion Brooks entering the transfer portal wasn't ideal but will simply create a bigger opportunity for Jacob Toppin, who had better shooting percentages than Brooks from the field and 3-point line last season. 1 23-10
4 Gonzaga The Bulldogs' ranking is based on Gonzaga returning six of the top eight scorers from a team that finished first at KenPom - among them Drew Timme and Julian Strawther. That would provide Mark Few with a strong veteran core that will be supported by transfers like former 5-star prospect Efton Reid. 1 27-8
5 Arkansas The Razorbacks' ranking is based on Arkansas losing every meaningful piece besides Davonte Davis, which isn't ideal. But Eric Musselman's team should still be a Final Four contender thanks to the addition of three five-star freshman (Nick Smith, Anthony Black and Jordan Walsh) plus impactful transfers like Ricky Council (Wichita State), Jalen Graham (Arizona State), Makhel Mitchell (Rhode Island) and Makhi Mitchell (Rhode Island). 2 16-17
6 UCLA The Bruins' ranking is based on Jaime Jaquez, Jules Bernard and Tyger Campbell providing Mick Cronin with a veteran core to pair with a top-10 recruiting class highlighted by five-star prospects Amari Bailey and Adem Bona. If things break that way, UCLA should have a real chance to make the Final Four for the second time in three years. -- 16-17
7 Baylor The Bears' ranking is based on LJ Cryer, Adam Flagler and Flo Thamba returning from a team that shared the Big 12 title with Kansas. The addition of 5-star guard Keyonte George should give Baylor one of the sport's best backcourts. -- 24-11
8 Kansas The Jayhawks' ranking is based on Kansas returning a core of Jalen Wilson, Dajuan Harris and Joseph Yusefu from the team that won the national championship. A top-five recruiting class highlighted by 5-star prospects Gradey Dick, MJ Rice and Ernest Udeh - plus Texas Tech transfer Kevin McCullar - should have Bill Self's program competing for yet another Big 12 title. -- 23-11
9 Duke The Blue Devils' ranking is based on Duke losing five players early to the NBA Draft - namely Paolo Banchero, AJ Griffin, Mark Williams, Wendell Moore and Trevor Keels. But first-year coach Jon Scheyer has set himself up for success by securing the nation's top-ranked recruiting class, one that includes 5-star prospects Dereck Lively, Kyle Filiiipowski, Dariq Whitehead and Mark Mitchell. -- 27-9
10 Tennessee The Volunteers' ranking is based on Tennessee returning four of its top five scorers - among them Santiago Vescovi and Josiah-Jordan James. Tennessee will miss one-and-done point guard Kennedy Chandler but should still be a factor near the top of the SEC thanks in part to the addition of five-star forward Julian Phillips. -- 27-9
11 Creighton The Bluejays' ranking is based on Creighton returning five of the top seven scorers from a team that advanced to the Round of 32 of the NCAA Tournament. The addition of South Dakota State transfer Baylor Scheierman, the reigning Summit League Player of the Year, makes Greg McDermott's team the clear favorite in the Big East. -- 25-10
12 Texas The Longhorns' ranking is based on Texas returning the top two scorers from a team that finished 15th at KenPom - namely Timmy Allen and Marcus Carr, each of whom is using a fifth year of eligibility. Chris Beard is adding to that core a top-15 recruiting class highlighted by two five-star prospects (Dillon Mitchell and Arterio Morris) and Iowa State transfer Tyrese Hunter. -- 21-13
13 Michigan The Wolverines' ranking is based on a returning core of Hunter Dickinson and Moussa Diabate being joined by an incoming class highlighted by Princeton transfer Jaelin Llewellyn and top-40 prospect Jett Howard, the latter of whom was named MVP at the Iverson Classic. Michigan looks like the favorite in the Big Ten. -- 8-24
14 Auburn The Tigers' ranking is based on Auburn returning four of the top six scorers - among them K.D. Johnson, Wendell Green and Allen Flanigan - from a team that earned a No. 2 seed in the NCAA Tournament. That core will be joined by a nice incoming class highlighted by Morehead State transfer Johni Broome and five-star center Yohan Traore. -- 27-8
15 Villanova The Wildcats' ranking is based on Villanova returning six of the top nine scorers from its Final Four team - among them Brandon Slater and Caleb Daniels. Jay Wright left Kyle Neptune with a nice core that should allow the new Villanova coach to keep the Wildcats in the national conversation. 1 18-16
16 Indiana The Hoosiers' ranking is based on Indiana returning the top three scorers from a team that made the NCAA Tournament - among them Trayce Jackson-Davis, who could be a candidate for Big Ten Player of the Year. Indiana's recruiting class is ranked fifth nationally and highlighted by 5-star prospects Jalen Hood-Schifino and Malik Reneau. 1 19-14
17 TCU The Horned Frogs' ranking is based on TCU returning five of the top six scorers - everybody except Damion Baugh, who is now expected to remain in the NBA Draft - from a team that played in the Round of 32 of the NCAA Tournament. That experienced core should have Jamie Dixon's team competing for what could be TCU's first Big 12 title. 1 21-13
18 Texas A&M The Aggies' ranking is based on Texas A&M returning every relevant player -- besides Quenton Jackson -- who helped the Aggies make the championship game of the NIT. Buzz Williams made the NCAA Tournament in Year 4 at both Marquette and Virginia Tech and should do the same at Texas A&M. 1 21-15
19 Arizona The Wildcats' ranking is based on Arizona returning a core of Azuolas Tubelis, Kerr Kriisa, Pelle Larsson and Oumar Ballo. That should be enough to keep Tommy Lloyd's program near the top of the Pac-12 standings. 4 27-9
20 Colo. St. The Rams' ranking is based on Colorado State's top three scorers returning - among them Mountain West Conference Play of the Year David Roddy, who has declared for the NBA Draft but could return to school considering there's no guarantee he'd be selected. With Roddy back, the Rams would be projected to make the NCAA Tournament for the second straight year. -- 25-11
21 Alabama The Crimson Tide's ranking is based on Alabama returning four of its top eight scorers from an NCAA Tournament team - among them Noah Gurley and Charles Bediako. Nate Oats should combine that core with a top-five recruiting class featuring two 5-star prospects and Ohio transfer Mark Sears. -- 25-12
22 Purdue The Boilermakers' ranking is based on Purdue returning three of the top seven scorers from a team that made the Sweet 16 of the NCAA Tournament - among them All-American candidate Zach Edey. Admittedly, that's not a lot -- but Matt Painter deserves the benefit of the doubt based on the consistency with which he runs his program. -- 34-5
23 Dayton The Flyers' ranking is based on Dayton returning the top five scorers from a team that just missed the NCAA Tournament - among them double-digit scorers Daron Holmes and Toumani Camara. If Anthony Grant can keep his talented freshmen out of the transfer portal, the Flyers' future is bright in the Atlantic 10. -- 25-8
24 Ohio St. The Buckeyes' ranking is based on Zed Key and Justice Sueing returning and being joined by a top-five recruiting class featuring four top-65 prospects. Transfers Sean McNeil (West Virginia), Isaac Likekele (Oklahoma State) and Tanner Holden (Wright State) will provide Chris Holtmann with a nice trio of veteran newcomers. -- 22-14
25 Michigan St. The Spartans' ranking is based on Michigan State returning five of the top nine scorers from a team that advanced to the Round of 32 of the NCAA Tournament. Max Christie's decision to remain in the NBA Draft is a blow - but Tom Izzo should still coach in his 25th straight NCAA Tournament next March. -- 20-15
26 Saint Louis The Billikens' ranking is based on Saint Louis returning four starters - among them backcourt mates Yuri Collins and Gibson Jimerson - and adding transfer Javon Pickett, who averaged 11.1 points at Missouri last season. SLU is also getting back Javonte Perkins, who led the team in scoring two seasons ago before missing last season with a torn ACL. -- 13-20