 Davis attended Lake Braddock Secondary School in Burke, Virginia, where he averaged 28.0 points per game in his senior year.He went on to the University of North Carolina, where he holds the record for the highest career 3 point percentage in UNC history.After averaging 21.4 points per game in his senior year at UNC, he graduated in 1992 with a degree in criminal justice, and was selected with the 20th overall pick in the 1992 NBA Draft by the New York Knicks.