Adolph Rupp won his fourth championship as he led the Kentucky Wildcats to an 84–72 win over the Seattle Chieftains and their star, Elgin Baylor. The starting unit was nicknamed the "Fiddlin' Five," after a quip by Rupp that his team were fiddlers when he really needed violinists. The Wildcats fought back from two 11-point deficits to gain the victory.
Cincinnati'sOscar Robertson became the first player to lead the nation is scoring in his first varsity season. The sophomore (freshmen were ineligible) averaged 35.1 points per game for the Bearcats.
Dom Flora, a senior point guard at Washington and Lee University, finished his college career with 2,310 points and 696 free throws made, both of which were ranked fifth in their respective categories in college basketball history at the end of the 1957–58 season.
Beginning in 1957–58, the following rules changes were implemented:
Offensive goaltending was banned so that no player from either team could touch the ball or basket when the ball was on the basket’s rim or above the cylinder. The only exception was the shooter in the original act of shooting.
One free throw for each common foul was taken for the first six personal fouls by one team in each half, and the one-and-one was used thereafter.
On uniforms, the use of the single digit numbers one and two and any digit greater than five was prohibited.
A ball that passed over the backboard—either front to back or back to front—was considered out of bounds.