Having a jersey retired is one of the highest honors for a Spartan basketball player. Only a select number of Michigan State jerseys are retired, symbolizing the accomplishments of some of the greatest players in MSU History.
Ten banners symbolizing the retired jerseys hang from the rafters of the Breslin Center. In addition to the retired jerseys, a banner hangs in recognition of 19-year head coach Jud Heathcote.
| NO. | Name | Years |
| #12 | Mateen Cleaves | 1997-98-99-00 |
| COACH | Jud Heathcote | 1976–95 |
| #24 | Johnny Green | 1957-58-59 |
| #33 | Magic Johnson | 1978-79 |
| #32 | Greg Kelser | 1976-77-78-79 |
| #42 | Morris Peterson | 1997-98-99-00 |
| #24 | Shawn Respert | 1992-93-94-95 |
| #25/4 | Scott Skiles | 1983-84-85-86 |
| #21 | Steve Smith | 1988-89-90-91 |
| #31 | Jay Vincent | 1978-79-80-81 |
