Dean Smith was widely known for his idea of "The Carolina Way," in which he challenged his players to, “Play hard, play smart, play together.”[51] “The Carolina Way” was an idea of excellence in the classroom, as well as on the court. In Coach Smith's book, The Carolina Way, former player Scott Williams said, regarding Dean Smith, “Winning was very important at Carolina, and there was much pressure to win, but Coach cared more about our getting a sound education and turning into good citizens than he did about winning.“ [52] "The Carolina Way" was evident in many practices the players would implement, including pointing to the player who assisted in a basket, giving him credit as an act of selflessness. This "Thank the Passer" practice is used throughout basketball today.[53]
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.
The conference schedule features 10 games in December, including a full complement of seven ACC games the first weekend (Dec. 6-8). The league schedule resumes on New Year’s Eve with a trio of games with Boston College at Duke, Georgia Tech at Florida State and Miami at Clemson. Every conference member will play at least one home and road league game prior to the start of the new year. The conference schedule concludes Saturday, March 7.
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 1921, the school joined the Southern Conference.[23] Overall, the Tar Heels played 32 seasons in the Southern Conference from 1921 to 1953. During that period they won 304 games and lost 111 for a winning percentage of 73.3%. The Tar Heels won the Southern Conference regular season 9 times and the Southern Conference Tournament Championship 8 times.

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 1960, the Tar Heels were placed on NCAA probation for "improper recruiting entertainment" of basketball prospects. As a result, they were barred from the 1961 NCAA tournament[31] and also withdrew from the 1961 ACC Tournament. Following the season, Chancellor William Aycock forced McGuire to resign. As a replacement, Aycock selected one of McGuire's assistants, Kansas alumnus Dean Smith.
Donovan Johnson, the 6-foot-7 wing from Hillcrest Prep (AZ), will visit North Carolina this weekend for his third official visit. He has no other visits planned. Ziaire Williams, the 6-foot-7 small forward from Sierra Canyon (CA), visits Arizona this weekend for his third official visit. And 7-foot center Saba Gigiberia will visit Georgia Tech for his second official visit. (Zag's Blog)
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