Lamar defeated North Texas in the championship game, 75–54, to win their second Southland men's basketball tournament.
The Cardinals received a bid to the 1983 NCAA Tournament. They were the only Southland member invited to the NCAA tournament.
Format
All seven of the conference's members participated in the tournament field. They were seeded based on regular season conference records, with the top seed earning a bye into the semifinal round. The other six teams entered into the quarterfinal round.