On January 6, 2015, it was announced that Anderson had signed a two-year contract extension, keeping him with Arkansas through 2020. Anderson led Arkansas to the NCAA Tournament in his fourth season, while making it to the finals of the SEC Tournament in the process. The Razorbacks were given a No. 5 seed, their highest seed in the tournament since 1999, when Anderson was still an assistant under Richardson. The Razorbacks advanced to the Third Round of the Tournament before losing to North Carolina. Portis was named SEC Player of the Year, and was drafted with the 22nd pick by the Chicago Bulls in the 2015 NBA draft. Swingman Michael Qualls declared for the draft, but sustained an injury and wasn't selected, instead signing a free agent deal with the Oklahoma City Thunder and Rashad Madden signed a D-League contract with the Memphis Grizzlies.