What does the term "Final Four" refer to?

The term "Final Four" specifically refers to the last four teams that remain in the NCAA Men's Basketball Tournament, which is held annually in March and is part of the larger event known as "March Madness." This tournament features a knockout format, where teams compete in single-elimination games. As the tournament progresses, more teams are eliminated until only four teams are left to compete in the semifinals, leading to the championship game. The Final Four event garners significant attention each year, as it showcases the pinnacle of college basketball competition, often bringing excitement and drama to fans and players alike. Understanding this concept is key to grasping the structure and significance of NCAA basketball tournaments.

The other choices represent different aspects of basketball but do not capture the specific meaning of "Final Four." The focus on the remaining teams in the tournament is what distinguishes the correct answer from the others.