The Pittsburgh Panthers men's basketball team is the NCAA Division I intercollegiate men's basketball program of the University of Pittsburgh, often referred to as "Pitt", located in Pittsburgh, Pennsylvania. The Pitt men's basketball team competes in the Atlantic Coast Conference (ACC) and plays their home games in the Petersen Events Center. The Panthers were retroactively recognized as the pre-NCAA tournament national champion twice by the Helms Athletic Foundation and once by the Premo-Porretta Power Poll. Pitt has reached one Final Four, received 15 First Team All-American selections, appeared in 27 NCAA tournaments through the 2022–23 season, and has recorded 1,674 victories against 1,232 losses since their inaugural season of 1905–06.

The Petersen Events Center is a 12,508-seat multi-purpose arena on the campus of the University of Pittsburgh in the Oakland neighborhood. The arena is named for philanthropists John Petersen and his wife Gertrude, who donated $10 million for its construction. John Petersen, a Pitt alumnus, is a native of nearby Erie and is the retired president and CEO of Erie Insurance Group. The Petersen Events Center was winner of the 2003 Innovative Architecture & Design Honor Award from Recreation Management magazine.