The 2023 Paradise Jam is an early-season men's and women's college basketball tournament. The tournament, which began in 2000, is part of the 2023–24 NCAA Division I men's basketball season and 2023–24 NCAA Division I women's basketball season. The tournament is played at the Sports and Fitness Center in Saint Thomas, U.S. Virgin Islands.
| Team | Most Recent Appearance | Best Finish |
| Abilene Christian | First Appearance | N/A |
| Florida Gulf Coast | First Appearance | N/A |
| Fordham | 2019 | 6th (2005, 2019) |
| Hampton | 2003 | 4th (2003) |
| Kent State | First Appearance | N/A |
| Missouri State | First Appearance | N/A |
| Norfolk State | 2015 | Runner-up (2011) |
| San Jose State | First Appearance | N/A |
| Team | Most Recent Appearance | Best Finish |
| Arizona State | 2006 | Champions (2001) |
| Cincinnati | First Appearance | N/A |
| Colorado | First Appearance | N/A |
| High Point | First Appearance | N/A |
| Kentucky | 2018 | Champions (2014, 2018) |
| NC State | 2016 | Champions (2004) |
| South Florida | 2018 | Runner-up (2008, 2014) |
| Texas | 2013 | Champions (2001) |
The men's tournament bracket was announced on June 25, 2023.[1]
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| 5th Place Game
November 20 | | | Consolation 2nd Round
November 18 | | | First Round
November 17 | | | Semifinals
November 19 | | | Championship
November 20 |
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| Norfolk State | 64 |
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| | | Fordham | 77 | | | |
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| Norfolk State | 53 | | Fordham | 45 |
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| | | San Jose State | 77 | | | | | Abilene Christian | 59 | | |
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| | Abilene Christian | 77 | |
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| | | | San Jose State | 71 | | | |
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| San Jose State | 71 | | Abilene Christian | 69 |
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| Hampton | 52 | | | | | Missouri State | 87 |
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| | Hampton | 62 | |
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| | | Kent State | 100 | | | |
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| 7th Place Game | Hampton | 92 | | Kent State | 52 | 3rd Place Game |
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| | | | Florida Gulf Coast | 85 | | | | | Missouri State | 56 | | | |
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| Norfolk State | 69 | | Missouri State | 70 | | Fordham | 72 |
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| Florida Gulf Coast | 66 | | | Florida Gulf Coast | 61 | | | Kent State | 79 |
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The women's tournament bracket was also announced on June 25, 2023.[1]
| November 24 | | | | | | | Kentucky | 53 | | | No. 3 Colorado | 96 | |
| | November 24 | | | | | | | Cincinnati | 45 | | | No. 10 NC State | 79 | |
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| November 25 | | | | | | | No. 3 Colorado | 60 | | | No. 10 NC State | 78 | |
| | November 25 | | | | | | | Cincinnati | 65 | | | Kentucky | 41 | |
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| November 24 | | | | | | | Arizona State | 66 | | | South Florida | 49 | |
| | November 24 | | | | | | | High Point | 39 | | | No. 12 Texas | 101 | |
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| November 25 | | | | | | | High Point | 69 | | | Arizona State | 77 | |
| | November 25 | | | | | | | South Florida | 44 | | | No. 12 Texas | 76 | |
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