The Terps will play Indiana on Friday evening in the quarterfinal round.
The bottom-seeded Golden Gophers will take on the Terps after defeating the Cornhuskers Wednesday.
Carey is the only Terp to win a conference tournament championship.
Young garnered second team honors for the Terps.
The Terps ended their regular season on a sour note against the Nittany Lions.
The Terps lead by as much as 16 but suffered their ninth away defeat in Big Ten play this year in their regular-season finale.
The Terps are 2-8 this year on the road after their loss to Ohio State.
The Terps dropped their eighth conference road bout with the loss.
The Terps went undefeated at home in conference play.
The Terps re-enter the AP poll top 25 for first time since December.