Obi Enechionyia led Temple with 15 points while Shizz Alston scored 14.
University president Richard M. Englert said this isn't the final step but the next step in the process.
In desperate need of a victory, Temple got an offensive rebound turned into the game-winning basket.
The Wildcats play at Georgetown and new head coach Patrick Ewing. Temple, La Salle and St. Joe's are at home.
Temple freshman Nate Pierre-Louis was named this week's American Athletic Conference Rookie of the Week after scoring a career-high 23 points in Saturday's 75-72 overtime loss to visiting Memphis.
Last year's defensive coordinator, Taver Johnson, is now the assistant head coach defense/co-defensive coordinator/safeties.
The Owls were up four with 25 seconds to play in overtime but lost on a last-second shot for the second time in the last 10 days.
DALLAS - Josh Brown scored on a driving five-foot shot with 1.2 seconds left to lift Temple past SMU, 66-64, Wednesday night at Moody Coliseum.
Wednesday night's action is highlighted by a Wells Fargo Center showdown between No. 1 Villanova and No. 10 Xavier.
Adam DiMichele received his promotion with the NCAA now allowing a 10th full-time assistant coach position.
The Owls have suffered five straight losses, in all shapes and sizes, including four to start play in the American Athletic Conference.
Palmer and Collins will join eight other players and three coaches who will be inducted in the Hall's 2018 class.
A 10-point lead midway through the first half turned into a 45-34 halftime deficit for Drexel and the Dragons never seriously threatened in the second half.