After bringing in one of the top 5 incoming classes for the 2002–2003 season, the Tar Heels started the season by knocking off a top 5 Kansas team and going on to win the Preseason NIT and returning to the AP top 25. North Carolina went on to finish the season 17–15, but a 6-10 record in ACC play kept them out of the NCAA Tournament. Doherty led the Tar Heels to the third round of the NIT, where they ended their season with a loss to Georgetown.
The Tar Heels finished the season 29–7, 16–2 in ACC play to finish tied for the regular season conference championship with Virginia. As the No. 2 seed in the ACC Tournament, they advanced to the semifinals before ultimately losing to Duke. They received an at-large bid to the NCAA Tournament as the No. 1 seed in the Midwest region, where they advanced to the Sweet Sixteen before losing to Auburn.

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.
Right now, Roy Williams says he’s comfortable with an eight-man rotation, and because of that, Leaky Black will be one of two players in crossover roles. Within UNC's system, the point guard is separate while the two wings and two big men each have similar responsibilities. Black will be called on to understand both the point guard and wing spots. (Heels Maven)
Kerwin Walton, the 6-foot-5 shooting guard from Hopkins (MN), visits North Carolina this weekend for his second official visit. Walton took his first official visit to Arizona last month. Paolo Banchero, the 6-foot-9 forward from O’Dea (WA), visits Tennessee for his fourth official visit. Banchero, who said he will remain in the class of 2021, visited UNC in September. (Zag's Blog)
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 2017-18, the Tar Heels were ranked at #9 in the Coaches poll. Forwards Isaiah Hicks, Kennedy Meeks, Tony Bradley, and Justin Jackson had left, while the team recruited Cameron Johnson. This season, the team did not earn the ACC regular season or postseason title. However, the Heels earned a #2 seed in the West of the NCAA tournament. The Tar Heels ended the season with a 26-11 record after being eliminated by Texas A&M in the round of 32 in the NCAA Tournament.

Guthridge retired in 2000 and North Carolina turned to Matt Doherty, the head coach at Notre Dame and a player on the 1982 championship team, to lead the Tar Heels.[38] Doherty had little success while at North Carolina. In his first season, the Heels were ranked #1 in the polls in the middle of the Atlantic Coast Conference schedule and finished with a 26–7 record. The bottom fell out the following year, as the Tar Heels finished the season with a record of 8–20, the worst season in school history. They missed postseason play entirely for the first time since the 1965–66 season (including a record 27 straight NCAA Tournament appearances) and finished with a losing record for the first time since 1962 (Dean Smith's first year as coach). They also finished 4–12 in the ACC—only the program's second losing ACC record ever. The 12 losses were six more than the Tar Heels had ever suffered in a single season of ACC play, and placed them in a tie for 7th place—the program's first finish below fourth place ever. The season also saw the end of UNC's run of 31 straight 20-win seasons and 35 straight seasons of finishing third or higher in the ACC.
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 team played in the Bynum Gymnasium, a venue known for its unusual running track suspended above the court.[24] Play moved to the Tin Can during the 1924 season, until the team's relocation to the Woollen Gymnasium in 1938.[25][26] Rudimentarily built of steel, attempts to heat the Tin Can during early season at first failed, with ice often forming inside:
Kerwin Walton, the 6-foot-5 shooting guard from Hopkins (MN), visits North Carolina this weekend for his second official visit. Walton took his first official visit to Arizona last month. Paolo Banchero, the 6-foot-9 forward from O’Dea (WA), visits Tennessee for his fourth official visit. Banchero, who said he will remain in the class of 2021, visited UNC in September. (Zag's Blog)
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