"I love being at Carolina and really enjoy competing with and being around my teammates and am excited about what we can do together next season," McAdoo said.
McAdoo averaged 6.1 points and 3.9 rebounds in 38 games this season for the Heels.
The Norfolk, Va., native started three games (twice in the ACC Tournament and once in the NCAA Tournament) and averaged 10.6 points in his last seven contests. He scored a season-high 15 points against Kansas in the Midwest Regional final.
Last week, UNC announced that John Henson, Harrison Barnes, and Kendall Marshall will leave for the NBA.