The 1981 Atlantic Coast Conference Men's Basketball Tournament was held in Landover, Maryland at the Capital Centre from March 5-7. North Carolina defeated Maryland 61-60 to win the championship. Sam Perkins was named the tournament MVP.
| Quarterfinals March 5, 1981 |
Semifinals March 6, 1981 |
Championship Game March 7, 1981 |
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| 1 | Virginia | 76 | |||||||||||
| 8 | Georgia Tech | 47 | |||||||||||
| 1 | Virginia | 62 | |||||||||||
| 4 | Maryland | 85 | |||||||||||
| 4 | Maryland | 56 | |||||||||||
| 5 | Duke | 53 | |||||||||||
| 2 | North Carolina | 61 | |||||||||||
| 4 | Maryland | 60 | |||||||||||
| 2 | North Carolina | 69 | |||||||||||
| 7 | NC State | 54 | |||||||||||
| 2 | North Carolina | 58 | |||||||||||
| 3 | Wake Forest | 57 | |||||||||||
| 3 | Wake Forest | 80 | |||||||||||
| 6 | Clemson | 71 | |||||||||||
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