Record: 39-38-2, .506 W-L% (8th of 13) (Schedule and Results)
SRS: 2.19 (6th of 13) ▪ SOS: 3.23 (6th of 13)
Conference Champion: North Carolina
Ranked in Preseason AP Poll: 0
Ranked in Final AP Poll: 2 (North Carolina and North Carolina State)
| Overall | Conference | Pts/G | SRS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| School | W | L | T | Pct | W | L | T | Pct | Own | Opp | SRS | SOS | Notes |
| North Carolina | 11 | 1 | 0 | .917 | 6 | 0 | 0 | 1.000 | 27.0 | 17.5 | 14.38 | 3.72 | |
| North Carolina State | 8 | 3 | 1 | .708 | 4 | 1 | 1 | .750 | 34.1 | 20.0 | 14.81 | 2.81 | |
| Maryland | 5 | 5 | 1 | .500 | 3 | 2 | 1 | .583 | 22.1 | 19.7 | 2.45 | 0.18 | |
| Duke | 5 | 6 | 0 | .455 | 3 | 3 | 0 | .500 | 12.0 | 14.2 | 3.96 | 6.14 | |
| Clemson | 4 | 7 | 0 | .364 | 2 | 4 | 0 | .333 | 13.0 | 22.3 | -2.25 | 4.66 | |
| Virginia | 4 | 7 | 0 | .364 | 1 | 5 | 0 | .167 | 18.1 | 25.1 | -5.77 | 0.87 | |
| Wake Forest | 2 | 9 | 0 | .182 | 1 | 5 | 0 | .167 | 8.0 | 30.8 | -12.23 | 4.22 | |
| School | Pre | 9/11 | 9/18 | 9/25 | 10/2 | 10/9 | 10/16 | 10/23 | 10/30 | 11/6 | 11/13 | 11/20 | 11/27 | 12/4 | Final |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North Carolina | 18 | 16 | 15 | 14 | 16 | 12 | |||||||||
| North Carolina State | 17 |
| Date | Bowl | Winner/Tie | Pts | Loser/Tie | Pts | Notes |
|---|---|---|---|---|---|---|
| 1972-12-30 | Sun Bowl | North Carolina | 32 | Texas Tech | 28 | Sun Bowl (El Paso, TX) |
| 1972-12-29 | Peach Bowl | North Carolina State | 49 | West Virginia | 13 | Peach Bowl (Atlanta, GA) |
| ACC Player of the Year: | Steve Jones (Duke) |
| ACC Coach of the Year: | Lou Holtz (North Carolina State) |