The team was led by fourth-year head coach Dave Odom, and played their home games at LJVM Coliseum in Winston-Salem, North Carolina.

The Demon Deacons finished tied for third in the ACC regular season with an 10–6 conference record.

Making their third straight appearance in the NCAA tournament, Wake Forest beat Chattanooga and Iowa to advance to the Sweet Sixteen for the first time since 1984.

Junior Rodney Rogers was ACC Player of the Year, a consensus second-team All-American, and was selected by the Denver Nuggets with the 9th overall pick in the 1993 NBA draft.

Wake Forest finished with a 17–12 record (7–9 ACC) and reached the NCAA tournament for the second straight season.