UCLA will face North Carolina in a consolation game Thursday at Atlantis Resort in the Bahamas.
Bryce Alford scored 19 points and Kevon Looney had 16 in UCLA's 75-65 loss to Oklahoma.
UCLA will play Oklahoma on Wednesday (11:30 am, PT) in the eight-team Battle 4 Atlantis tournament.
UCLA freshman forward Kevon Looney has been selected to the Wayman Tisdale Award watch list.
Senior guard Norman Powell has earned Pac-12 Player of the Week honors.