The team plays its home games at Value City Arena in Columbus, Ohio, and is a member of the Big Ten Conference.

In the postseason, the team was invited to the 2012 Big Ten Conference men's basketball tournament, where they beat Purdue and Michigan before losing to Michigan State in the championship, and they also were invited to the 2012 NCAA Division I men's basketball tournament, where they beat Loyola, Gonzaga, Cincinnati, and an upset of Syracuse before losing to Kansas in the Final Four to finish the season with 31–8 in overall record.

Ohio State, led by experienced seniors and player of the year candidate Jared Sullinger, started the season 24–0.

1 for six weeks during the regular season, as well as entering postseason play, and earned the No.

After defeating UT–San Antonio and George Mason in the first two rounds of the tournament, Ohio State fell to the Kentucky Wildcats, who would eventually go on to the Final Four, 62–60, ending their season in the Sweet Sixteen for the second year in a row.