Of note, Kentucky, the top-ranked team in the nation (with a record of 25-0) did not participate in any post-season tournament. Since several key players had technically graduated the year before (when Kentucky was banned from playing a competitive schedule due to the point-shaving scandal a few years earlier), those players were ruled ineligible for the NCAA tournament. Despite the wishes of the players, Adolph Rupp ultimately decided his team wouldn't play.
LSU represented the Southeastern Conference in the tournament.
| Region | Team | Coach |
|---|---|---|
| East | ||
| East | Connecticut | Hugh Greer |
| East | Cornell | Royner Greene |
| East | Fordham | John Bach |
| East | George Washington | Bill Reinhart |
| East | Indiana | Branch McCracken |
| East | La Salle | Ken Loeffler |
| East | LSU | Harry Rabenhorst |
| East | Loyola, Louisiana | Jim McCafferty |
| East | Navy | Ben Carnevale |
| East | North Carolina State | Everett Case |
| East | Notre Dame | John Jordan |
| East | Penn State | Elmer Gross |
| East | Toledo | Jerry Bush |
| West | ||
| West | Bradley | Forddy Anderson |
| West | Colorado | Bebe Lee |
| West | Colorado State | Bill Strannigan |
| West | Idaho State | Steve Belko |
| West | Oklahoma City | Doyle Parrack |
| West | Oklahoma A&M | Henry Iba |
| West | Rice | Don Suman |
| West | Santa Clara | Bob Feerick |
| West | Seattle | Al Brightman |
| West | USC | Forrest Twogood |
| West | Texas Tech | Polk Robison |
1954 NCAA Tournament (March Madness)