Xfinity Center is the indoor arena and student activities center that serves as the home of the University of Maryland Terrapins men's and women's basketball teams. Ground was broken in May 2000 and construction was completed in October 2002 at a cost of $125 million. It replaced Cole Field House as the Terrapins' home court, which had served as the home of Maryland basketball since 1955.

The Maryland Terrapins men's basketball team represents the University of Maryland in National Collegiate Athletic Association Division I competition. Maryland, a founding member of the Atlantic Coast Conference (ACC), left the ACC in 2014 to join the Big Ten Conference. Gary Williams, who coached the Terrapins from 1989 to 2011, led the program to its greatest success, including two consecutive Final Fours in 2001 and 2002, which culminated in the 2002 NCAA National Championship. Maryland has appeared in 30 NCAA tournaments and won their conference tournament 4 times. The Terrapins have competed in 100 seasons, accumulating an overall record of 1,641–1,086 as of the 2022–23 season. Maryland is currently coached by Kevin Willard.