Greensboro Coliseum plays host to the 2020 New York Life ACC Tournament March 10-14, marking the 27th time the facility welcomes the conference tournament, and the first since 2014. Featuring all 15 ACC teams, the event begins with three first-round games on Tuesday, March 10, before concluding on Saturday, March 14 with the championship game. The entire tournament will air exclusively on the ESPN family of networks. Game times and network designations will be announced at a later date.
The 2011–2012 Tar Heels finished the regular season with a final record of 32-6, including a 14–2 record in ACC regular season play which allowed the team to win the conference regular season championship outright. The team fell to Florida State in the championship game of the 2012 ACC Men's Basketball Tournament. The team was a #1 seed in the Midwest Regional of the 2012 NCAA Men's Division I Basketball Tournament; the team reached the Elite Eight and was defeated by Kansas 80-67. This defeat was the second time UNC lost to Kansas in the NCAA Tournament with Roy Williams as UNC head coach. He previously coached Kansas from 1988 to 2003. The loss to Kansas was also UNC's second straight loss in the Elite Eight, after losing to Kentucky the year before. Kansas later fell to Kentucky 67-59 in the National Championship Game. Before the Kansas game, the Tar Heels won their previous three games in the NCAA Tournament by an average of 13.7 points. In the second-round game versus Creighton, starting UNC point guard Kendall Marshall broke his right wrist with 10:56 remaining in the second half with UNC leading 66-50. Marshall continued to play by dribbling primarily with his left hand, including getting fouled on a drive to the basket with 7:09 left in the second half. He left the game against Creighton with two minutes left with UNC leading 85-69. Williams announced Kendall Marshall's injury at the Creighton post-game press conference. Kendall Marshall did not play in UNC's two following games in the NCAA Tournament, a 73-65 overtime win over Ohio in the Sweet 16 and the aforementioned 67-80 loss to Kansas in the Elite Eight.
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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. 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. 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. 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.