The Final Four consisted of Maryland, making their second consecutive appearance, Kansas, making their first appearance since 1993, Indiana, making their first appearance since 1992, and Oklahoma, making their first appearance since their national runner-up finish in 1988.

Maryland defeated Indiana 64–52 in the championship game to win their first-ever national championship. Juan Dixon of Maryland was named the tournament’s Most Outstanding Player.

For the second straight tournament, the Elite Eight featured at least one double-digit seed. South Region tenth-seed Kent State and West Region twelfth-seed Missouri played in their respective regional finals, with Kent State losing to Indiana and Missouri losing to Oklahoma. This also marked the first time since 1987 that no team from the states of North Carolina nor Kentucky reached the Final Four.