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Temple Men's Basketball' program is ranked 6th in All-Time NCAA wins with 1766, (at the end of the 2010/2011 season). They are in good company, with only Kentucky, North Carolina, Kansas, Duke, and Syracuse having a higher total.

During the 1950s, the Temple basketball team made two NCAA Final Four appearances (1956, 1958) under legendary Head Coach Harry Litwack. Litwack would be inducted into the Basketball Hall of Fame after concluding a 21-year coaching career that included 373 wins.

Head Coach John Chaney, also a Hall of Famer, won a total of 741 career games (312 losses) and took Temple to the NCAA tournament 17 times. His 1987-88 Owls team entered the NCAA tournament ranked #1 in the country, and he has reached the Elite Eight on five different occasions. He was consensus national coach of the year in 1988.

On April 10, 2006, University of Pennsylvania head coach and La Salle University alumnus Fran Dunphy was named the new Temple's Men's Head Basketball coach. Dunphy had coached the Quakers for 17 straight seasons prior to the move. Dunphy and his Owls won the Atlantic-10 tournament in 2008. And in 2009, the Owls won their second consecutive Atlantic-10 tournament, for their conference leading 8th A-10 title. Dunphy's 2009-2010 team went into the A10 tournament as its regular season champions sharing the title with Xavier. The '09-'10 team has been Dunphy's most successful yet, it ranked #12/#13 going into the NCAA tournament after being ranked in the top twenty-five for thirteen straight weeks in both the AP and ESPN polls.

Players Mark Macon, Juan Ignacio Sanchez, Eddie Jones, Aaron McKie, and Mardy Collins are just a few who have gone on to play in the NBA

An avid supporter is Bill Cosby, who once attended Temple University.