After most schools decided to disband their J.V. squads, North Carolina's athletic department opted to keep the team so that non-scholarship students were given the chance to play basketball for UNC. North Carolina also uses their J.V. team as a way for varsity assistant coaches to gain experience as head coaches, such as the current coach, Hubert Davis. Roy Williams was a J.V. coach for eight years before he was hired at Kansas.

In the 2008–09 season, the Tar Heels won their fifth NCAA title by defeating Michigan State in the championship of the 2009 NCAA Men's Basketball Tournament. The Tar Heels won all six of that year's tournament games by at least 12 points, for an average victory margin of 20.2 points, and only trailed for a total of 10 minutes out of 240 through the entire tournament.[41] Wayne Ellington was named the tournament's Most Outstanding Player, the fourth Tar Heel so honored.


Smith unexpectedly retired before the start of practice for the 1997–98 season. He was succeeded by Bill Guthridge, who had been an assistant coach at the school for 30 years, the last 25 as Smith's top assistant. During Guthridge's three seasons as head coach he posted an 80–28 record, making him tied for the then-NCAA record for most wins by a coach after three seasons.[36] The Tar Heels reached the NCAA Final Four twice, in the 1998 tournament and again in the 2000 tournament. North Carolina reached the Final Four in 2000 as an 8-seed, their lowest seeding in a Final Four appearance.[37]

In a clip from Michael Jordan's time as a player in Chapel Hill, the former North Carolina guard and six-time NBA Champion speaks on the Carolina family. "It’s just like a family and everybody contributes to the win. They can come off the bench and contribute or stay on the bench and cheer and so that is contributing to win," Jordan said. (Inside Carolina)
Additionally, four of the top eight and six of the top 30 winningest programs in NCAA Division I basketball history currently reside in the ACC. Three of the six active Division I coaches currently in the Naismith Basketball Hall of Fame are competing in the ACC again this season – Duke’s Mike Krzyzewski, North Carolina’s Roy Williams and Syracuse’s Jim Boeheim.

While historic Carmichael Auditorium was under renovation, the women's team played the 2008–09 season at the Dean Smith Center to the south of campus. The final game at the old Carmichael was an 82–51 rout of local rivals Duke in front of a sell-out 8,010 attendance, completing an unbeaten home and conference season.[2] Upon reopening, the building's name was changed to Carmichael Arena.
Smith's early teams were not nearly as successful as McGuire's had been. His first team went only 8–9 as it turned out, the last losing season UNC would suffer for 41 years. His first five teams never won more than 16 games. This grated on a fan base used to winning; in 1965 some of them even hanged him in effigy. However, Smith would go on to take the Tar Heels to a reign of championships and national dominance.[32] When he retired in 1997, Smith's 879 wins were the most ever for any NCAA Division I men's basketball coach, and his 77.61% winning percentage ninth best.[33] During his tenure, North Carolina won or shared 17 ACC regular season titles and won 13 ACC Tournaments. They went to the NCAA tournament 27 times–including 23 in a row from 1975 to 1997–appeared in 11 Final Fours, and won NCAA national tournament titles in 1982 and 1993. They also won the NIT in 1971.[34] The 1982 National Championship team was led by James Worthy, Sam Perkins, and a young Michael Jordan. The 1993 National Championship team starred Donald Williams, George Lynch and Eric Montross. While at North Carolina, Smith helped promote desegregation by recruiting the University's first African American scholarship basketball player Charlie Scott.[35]
We've got @accnetwork news! • 4 vibrant personalities have been added to the @accmbb on-air roster • Nothing But Net studio show to air Sundays • @UVAMensHoops documentary to premiere Oct. 30 #ACCMBB | #WeDoThishttp://theacc.com/news/2019/10/24/mens-basketball-acc-network-adds-basketball-on-air-personalities-road-shows-nothing-but-net-unveiled.aspx …

North Carolina is still alive in the recruitment for five-star shooting guard Bryce Thompson, one of the top uncommitted recruits in the 2020 class. The Tulsa, Oklahoma native cut his list down to seven teams in August. On Sunday, Thompson cut his list one more time as he trimmed it down to four finalists: UNC, Kansas, Oklahoma State, and Oklahoma. (Keeping It Heel)
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