This year’s enshrinement class will be announced on April 4 at college basketball’s Final Four in Atlanta.
Catchings was a four-time Olympic gold medalist for the U.S. and also a five-time winner of the WNBA defensive player of the year award.
"Being able to leave a legacy. Live life accordingly. Not just on the court but off the court."
The deal was overwhelmingly approved by players and must still be ratified by owners.
Chatman was 28-74 in three seasons with the team.
Indiana, by finishing with the second-worst two-year record, will have a 27% chance to get the No. 1 pick.
The team is relocating due to a multi-year project at Bankers Life Fieldhouse.
The Fever trail Phoenix by 3 ½ games for the final playoff spot and have five games left.
A halftime event featured Notre Dame women's basketball head coach Muffett McGraw and WNBA Commissioner Cathy Engelbert.
McCowan became the first WNBA rookie with 20-plus points and 15-plus rebounds in back-to-back games.