Upsets are the lifeblood of March Madness. The lower the double-digit seed, the bigger the underdog, the bigger the story line. Major upsets break up bracket pools and send lower seeds to the second round, or Sweet 16, or Elite Eight — and sometimes all the way to the Final Four.
Except, in the women's tournament, this rarely happens. The lowest-seeded team to reach the Final Four was No. 9 Arkansas in 1998 and even then, it benefited from the biggest upset in tourney history.
Arkansas was able to avoid top-seeded Stanford because the Cardinal lost to No. 16 Harvard 71-67 in the first round — 20 years before such an upset happened in the men's tournament (No. 16 Maryland-Baltimore County beat No. 1 Virginia in 2018).
What about women's teams seeded No. 14 or 15? They have not even won a game. Teams seeded 14, 15, 16 are a combined 1-324 all-time. That's a .003 winning percentage.
In the men's tournament, the lowest seed to reach the Final Four is No. 11, accomplished by five schools (LSU in 1986; George Mason in 2006; VCU in 2011; Loyola Chicago in 2018; and UCLA in 2020). All five lost in the national semifinals.
Since the women's NCAA tournament began in 1982, there have been 156 appearances in the 39 women's Final Fours by 44 different schools. And while it's no secret the top programs have dominated the last 40 years, the schools that make up the heavyweight division have shifted since the last time the Final Four visited the Twin Cities in 1995.
These 44 schools can be grouped into four categories defined by their frequency of dominance and number of appearances: The Perennials, The Risers, Founders Club and One Magical Year.