Oklahoma's Buddy Hield edged Michigan State's Denzel Valentine to win the Wooden Award on Friday.
Connecticut's Breanna Stewart won the women's Wooden Award after leading the Huskies to their fourth straight NCAA championship.
Hield averaged 25.0 points, 5.6 rebounds and 1.2 steals to help Oklahoma reach the Final Four. He shot 46 percent from 3-point range and 89 percent from the free throw line.
"It's been fun," Hield said. "And I can't be more blessed to be around college basketball. It's something I wanted to be around since I was a kid and saw all the great college basketball teams."
Hield finished his college career as the Big 12 scoring leader with 2,291 points, breaking the mark of 2,661 set by Oklahoma's Wayman Tisdale when the conference was the Big Eight.
Valentine averaged 19.6 points, 7.6 rebounds and 7.6 assists for Michigan State, which won the Big Ten Tournament before losing in the first round of the NCAA Tournament.
Other men's finalists were Virginia's Malcolm Brogdon, North Carolina's Brice Johnson and Kentucky's Tyler Ulis.
Stewart claimed the women's Wooden Award for the second consecutive year.