The seventh place finish is the best for the Tar Heel program since placing fifth in the final coaches' poll in 2007-08.
The Tar Heels advanced to the NCAA Tournament Stanford Region championship game last week, falling to the host Cardinal, 74-65, on their home court on April 1.
Carolina (27-10) pieced together one of the toughest schedules in the country this season, picking up 10 victories against top-25 ranked clubs. That included five victories over top10 ranked teams.
The Tar Heels would go on to knock off top-seed South Carolina in the Sweet 16 matchup out in Stanford, Calif. It was the second time during the 2013-14 season that North Carolina would defeat its border rival to the south.
UNC won at No. 3 Duke on Feb. 10 and would later sweep the season series over the Blue Devils with a victory in the regular-season finale at Carmichael Arena. The Tar Heels also swept the season series with NC State.
The Tar Heels beat Final Four participant Maryland in the ACC Tournament quarterfinals in Greensboro, N.C.