The team plays its home games in McCamish Pavilion on the school's Atlanta campus and is currently coached by Damon Stoudamire.

[2] The Yellow Jackets returned to the Final Four in 2004 under Paul Hewitt and lost in the national title game, losing to UConn.

In 1971 the Yellow Jackets, led by Rich Yunkus, reached the finals of the National Invitation Tournament but lost to the University of North Carolina.

The 1985 team, led by head coach Bobby Cremins and players Mark Price, Duane Ferrell, Yvon Joseph, Craig Neal, Bruce Dalrymple, and John Salley, won the school's first ACC championship and advanced to the final eight in the NCAA tournament.

In the 1990 tournament, the trio of Kenny Anderson, Dennis Scott, and Brian Oliver (nicknamed "Lethal Weapon 3") carried the Yellow Jackets all the way to the Final Four, where they lost to eventual champion UNLV in the national semi-finals.

In 1992, Cremins led an inexperienced Tech team to the Sweet 16, thanks in no small part to James Forrest's buzzer-beating game-winning three-pointer in the second round against USC.

Georgia Tech's nine consecutive appearances in the NCAA Tournament from the mid-1980s and the early 1990s accounted for the nation's fourth-longest active streak before it ended in 1994.

In 1996, the team finished first in the ACC's regular season and returned to the tournament behind future NBA All-Star Stephon Marbury.

In 2000, head coach Paul Hewitt was hired away from Siena College and immediately helped to revitalize the Yellow Jacket program.

In his first season, Georgia Tech beat UCLA, Kentucky and five ACC rivals that were ranked en route to an NCAA tournament appearance.

Notable players sent to the NBA under Hewitt include Chris Bosh, Jarrett Jack, Mario West, Luke Schenscher, Thaddeus Young, Will Bynum,[9] and Anthony Morrow.

In back-to-back years (2008 & 2009), Hewitt also successfully recruited national top-10 high school prospects in Iman Shumpert and Derrick Favors.

[11] Brian Gregory, who led Dayton to 97 victories over his last four seasons there and worked under Tom Izzo at Michigan State when the Spartans won the 2000 NCAA championship, was named Georgia Tech's head men's basketball coach on March 28, 2011.

In their first season with Gregory at the helm, Georgia Tech finished 11–20 and 11th in the ACC while playing without a true home court while McCamish Pavilion was under construction.

[18] A notable fictitious player for the Yellow Jackets is eternal Tech student George P. Burdell, who is officially listed in team media guides as having earned three letters (1956–58).

The Hank McCamish Pavilion, rebuilt and renamed from Alexander Memorial Coliseum (also nicknamed "The Thrillerdome") in 2012, is an indoor arena located on Tech's Midtown Atlanta campus.

Tech's women's volleyball team occasionally uses the facility as well, primarily for NCAA tournament games and other matches that draw crowds that would overflow the O'Keefe Gymnasium.