Louisiana Tech defeated New Orleans in the championship game, 69–66, to take home the first American South men's basketball tournament.
The Bulldogs, however, did not receive an automatic invitation to the 1988 NCAA Tournament. They ultimately participated in the 1988 NIT.
Format
All six of the conference's founding members participated in the tournament field. They were seeded based on regular season conference records. The top two teams were given byes into the semifinals while the bottom four teams were placed and paired into the initial quarterfinal round.