UCLA finished the season with 28 wins and two defeats. In the championship game, the Bruins shot 56.9% with Gail Goodrich's 42 points and Kenny Washington's 17 points to become the fifth team to win consecutive championships.
Portland, Oregon became the eighth host city, and the Memorial Coliseum the ninth host venue, of the Final Four. At the time the five-year-old arena was the third-youngest arena to host a Final Four, after Freedom Hall (2 years old at the time of its first Final Four) and McGaw Memorial Hall (4 years old), and the first opened in the 1960s. The tournament featured one new venue and host site, as the tournament came to Western Kentucky State College and E.A. Diddle Arena, the home of the Hilltoppers. Meanwhile, the midwest and west regional first rounds were played in one arena, the Lubbock Municipal Coliseum. All eight venues used in the tournament in 1965 would host games again afterwards.