The team won the 1987–1988 NCAA Division I men's basketball championship, the second in the school's history.

The team played its home games in Allen Fieldhouse in Lawrence, Kansas.

In the last three games of the NCAA tournament, the Jayhawks avenged their three home losses to Kansas State, Duke, and Oklahoma.

This season also marked the creation by a group of KU students of the now famous "Beware of THE PHOG" banner.

It was first displayed for the Duke game on February 20, 1988, and then again for that season's final home game on March 5, the Senior Night celebrations honoring Danny Manning and the other KU seniors, Archie Marshall and Chris Piper.