The Lipscomb University Athletics Hall of Fame was established in 1986 by the Bison Club in cooperation with the Lipscomb University Athletics Department.

The Hall of Fame recognizes and honors those individuals who have made exceptional contributions to the achievements and prestige of Lipscomb University in the field of athletics and who have continued to demonstrate in their lives the values imparted by intercollegiate athletics.

Individuals are recognized in three categories, Athlete, Coach and Meritorious Service. An individual becomes eligible for induction 10 years after leaving Lipscomb University. A candidate that has been inducted into a National Hall of Fame will be exempt from the 10 year requirement and highly considered. What an individual accomplished during their time at Lipscomb and their achievements since leaving Lipscomb are taken into consideration.

The Lipscomb University Athletics Hall of Fame is located in Allen Arena along the western concourse.