He is IU's and the B1G's all-time leading scorer. If my memory is correct, he was not considered Bob Knight's top recruit in that particular recruiting class, and was considered by many as a player they brought in to fill out his recruiting class.
http://www.14news.com/2019/04/02/cheaney-be-inducted-into-national-collegiate-basketball-hall-fame/
http://www.14news.com/2019/04/02/cheaney-be-inducted-into-national-collegiate-basketball-hall-fame/