IPFW (13-16, 6-9 Summit) trailed by one with about 4 minutes remaining before going on a 12-1 run. Jacobo nailed a 3-pointer and the Mastadons made 7 of 10 free throws during the spurt, which put them ahead 76-65 with 35 seconds remaining and helped them snap a 10-game losing streak against Oakland (15-14, 10-5).
Jacobo also had nine rebounds for IPFW and Joe Reed added 14 points.
Travis Bader led Oakland with 23 points but was just 2 of 10 on 3-point attempts. He came into the game leading the country with 123 3-pointers this season. As a team, the Grizzlies were 5 for 20 beyond the arc and just 16 for 29 at the free-throw line.
Mississippi State freshman guard Malik Newman will withdraw from the NBA draft, but sources told ESPN he might explore other opportunities besides returning to Mississippi State.
Seton Hall sophomore Isaiah Whitehead will stay in the NBA draft and not return for his junior season.
Washington State's trio of Josh Hawkinson, Conor Clifford and Ike Iroegbu have withdrawn from the NBA draft and will play their senior season with the Cougars.