The Terps defeated Iowa on Friday, bringing their home record to 11-0.
The Terps advance to 5-2 in conference play after sweeping the Hawkeyes.
After the Terps honored coach Mark Montgomery for his 600th career win, they earned his 601st in a thriller.
Despite scoring 87 points, the Terps were no match for the Hawkeyes' domineering offense.
College basketball's leading scorer dropped 35 points after a slow night on defense for the Terps.
The Terps dropped their fourth straight game and the Hawkeyes earned their third conference win.
The Terps lost two games to ranked opponents and have a slate full of top-25 competition ahead.
It's the first Big Ten weekly honor of Jones' career.
Five Terps reached double-digit scoring.