http://www.whatifsports.com/hd/TeamProfile/Ratings.aspx?tid=6805

I am a new coach at DIII Wisconsin Eau-Claire in IBA and I firmly believe I'm in over my head. I picked a team without looking at their roster, and while the cupboard wasn't bare, it wasn't exactly overflowing either. I made a couple recruiting mistakes as it turned out, like offering starters jobs to two PG because I was a little nervous that I would have no PG going into the season. So, I've been starting one at SG and the other at PG. They don't know the offense, which is understandable, so I am taking my lumps this season. I guess my question is, with the young group I have now, notably the freshmen, do I have any hope of turning this team around, or should I just blow it up, take the hit, and start from scratch? I run the Fastbreak, which I realize I probably don't have the speed or athleticism for just yet, and the fullcourt press. Those were the offense and defense which were there when I took over, and not sure how long it would take to train my team for a new way of playing. Any advice would be greatly appreciated. Also, is it better to run my offense through my 2-3 best guys, like around 16-20% and have the rest around 5 or 6 on down, or spread it out, even though the guys at the bottom don't have the game for it? Again, thanks for any help you could give me...

Well, I would bench my two seniors and call this season done. Put 25-30 on the IQ's for your players. They need higher IQ's if you want to compete next year. Cut O'Balle for an extra scholarship and some extra recruiting money. Then recruit three players that fit your system and start from there. Much easier then blowing it up.

That was from a quick look at your team, somebody else might have a better idea.

As for distro, give it to the 2-3 good players, then once you have a better team,, you can spread it out a bit more. And by better I mean higher IQ's too.

You should cut O'Balle, but you won't receive the extra scholarship money.  You can't cut him until the offseason, at which time scholarship money will be decided.  He is however, about as useful as a walk-on, and it will give you extra scholarship money the following year if you don't sign anyone.

Other than that, good advice :)

I think Fastbreak is the worst of the offenses.   You can continue to play it while you practice a different one. I don't see much difference between motion, triangle and flex. Once your players are C or C+ in IQ, you can dump the Fastbreak.

Most importantly, don't get discouraged. One of my first teams was 2-25 with a 24-game losing streak. I started five freshmen. When they were seniors, we twice upset the #1 team

Fastbreak is playable but it's got a much higher degree of difficulty coaching-wise than the other offenses, and it's statistically a little worse.  Seconded on the "switch offenses" tip.

I actually inherited a Fastbreak/Press team, and switched to Flex. As alblack suggests, I ran Fastbreak in games while practicing Flex until the IQs got high enough. However, in a lot of ways, I miss Fastbreak, and wish I hadn't switched. The thing about running Fastbreak/Press is that you need good Stamina (otherwise your players won't hardly stay on the floor), but you also need a deep team, because no matter how good their Stamina is, guys just don't play as many minutes when you are constantly running them. I would say you need a 10 man rotation minimum, and 11 is even better. So it's hard to have success with a really young team. On the bright side, if you can pull it off, you can run other teams off the floor. 

I also agree with the advice shown above.  Fast Break requires good Passing and BH and a switch will not kill you this season (practice 20 to 25 minutes your new offense).  Your first year is totally a learning experience, so just have fun!!  
One thing you can do as well is watch your match-ups against SIM.  Put your best defensive Guard against his best Offensive Guard...Your best Post Player (C or PF) against his best Post Player.  One other thing, put your Starting SF at SG on your depth chart as he is a much better Ball Handler then one of your Guards(don't remember which one).  Game ratings in Fast Break are the important factor, not depth chart position.  
Do you use Minutes or Fatigue for Player settings?