The infamaous timeout. Thanks C-Webb!
The 1992-93 Tar Heels actually lost to Michigan 79-78 in the semifinals of the Rainbow Classic early in the season. They also needed overtime to beat No. 2 seed Cincinnati and move on to the Final Four. There, Dean Smith would beat his alma mater Kansas, and Roy Williams would lose to his alma mater and coaching mentor.
The Tar Heels were highly regarded, but no team was touted like the Fab Five of Michigan. The team would include future NBA stars Chris Webber, Juwan Howard and Jalen Rose. Jimmy Jackson and Jimmy King didn't work out as well in the NBA, but they were feared on the college hardwood.
The starting five for North Carolina was pretty fabulous too. Eric Montross and George Lynch dominated the inside game, while Brian Reese and Donald Williams handled the perimeter. Derrick Phelps was the general on the floor and was legendary for his defensive prowess, finishing his collegiate career with 247 steals.
The 1993 NCAA Championship provided all the drama a Tar Heels fan could possibly handle, and the end would be no disappointment to the rest.
North Carolina was holding on to a 73-71 lead with 19 seconds left in the game. After a missed free throw by Carolina, Chris Webber rebounded the ball and did a stutter step before he pushed the ball up the floor. The walk wasn't noticed by the referee, but karma would come back to bite Webber in the butt.
When he got to their side of the floor, Chris Webber called a timeout—oblivious to the fact they didn't have any left. This resulted in a technical foul and North Carolina went on to win 77-71.
Donald Williams was named the tournament's Most Outstanding Player, knocking down five of seven three-pointers and scoring 25 points in the championship. Lynch and Montross finished with 12 and 16, respectively.
Chris Webber scored a team-high 23 points for the Wolverines. As it turns out, karma would have bitten Chris Webber anyway, as the 1992-93 Michigan Wolverines had to vacate their season due to his acceptance of money from boosters.