The 2014–15 season saw the final wave of membership changes resulting from a major realignment of NCAA Division I conferences.

[35] The A-Sun soon filled the place left by Northern Kentucky, announcing on June 12 that NJIT would become a member effective on July 1.

Source for additional stats categories Final Four – Lucas Oil Stadium in Indianapolis, Indiana For this list, a "major upset" is defined as a win by a team seeded 7 or more spots below its defeated opponent.

The semifinals and final were held on March 31 and April 2 at Madison Square Garden in New York City.

The sixth College Basketball Invitational (CBI) Tournament began on March 17, 2015 and ended with Loyola-Chicago's two-game sweep of Louisiana-Monroe.

The Evansville Purple Aces won their first postseason tournament, defeating Northern Arizona in the final.