From the ACC's inception in 1953 to 2001, the Tar Heels did not finish worse than a tie for fourth place in ACC play. By comparison, all of the ACC's other charter members finished last at least once in that time. From 1965 to 2001, they did not finish worse than a tie for third, and for the first 21 of those years they did not finish worse than a tie for second.
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. Upon reopening, the building's name was changed to Carmichael Arena.
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“There is always tremendous excitement surrounding ACC Basketball, and that’s no different as we look ahead to the 2019-20 season,” said ACC Commissioner John Swofford. “The league is coming off its third national championship in the last five seasons, and the collective success by our programs is second-to-none. In addition to the anticipation for the season to begin, this year also marks the debut of ACC Basketball on ACC Network which will provide our fans with even more opportunities to follow all of our programs.”
The 2009–2010 Tar Heels struggled throughout the regular season finishing with a 16–15 record, and dropped to #3 in Division I in all-time wins. They later lost in the first round of the ACC Tournament, playing in the first "play-in" Thursday game for the first time since the ACC grew to 12 teams. The Tar Heels did not receive an NCAA tournament bid, and instead accepted a bid to the NIT. During the season, the Tar Heels reached the 2,000-win milestone with a home win over Miami on March 2, 2010, becoming the second fastest college team to do so (North Carolina was in its 100th season of basketball at the time of this accomplishment). The Tar Heels were able to make it to the final game of the NIT, losing to Dayton in the final game finishing with a 20-17 record.
In Williams' first season, the Tar Heels finished 19–11 and were ranked in a final media poll for the first time in three years. They returned to the NCAA tournament and were ousted in the second round by Texas. The following year, the Tar Heels won their fourth NCAA title and Williams' first as a head coach. After winning the championship, Williams lost his top seven scorers, but the 2005–06 season saw the arrival of freshman Tyler Hansbrough and Williams was named Coach of the Year. The Tar Heels swept the ACC regular season and tournament titles in 2007 and 2008. The 2008 ACC Tournament was the first time North Carolina has ever won the ACC Tournament without defeating at least one in-state rival during the tournament. North Carolina lost in the national semifinals of the 2008 NCAA tournament to Williams' former program Kansas.
The team played in the Bynum Gymnasium, a venue known for its unusual running track suspended above the court. Play moved to the Tin Can during the 1924 season, until the team's relocation to the Woollen Gymnasium in 1938. Rudimentarily built of steel, attempts to heat the Tin Can during early season at first failed, with ice often forming inside:
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.” “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.“  "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.
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)