I've found these old photos in the University library. As information about them is limited and difficult to determine the specifics, I'm putting them here for now.

These were found in the library archive under “1917-1924”.

Basketball: 1917-1924, undated. University Photograph Collection (RG 110-176). Special Collections and University Archives, University of Massachusetts Amherst Libraries
The marking on the ball suggests this might be the 1922-23 team. In that era, most games were in January & February only, so that could indicate what we'd now refer to as the 1922-23 season.
Some of the names written on the photo match the 1923 season, but others don't. The coach of the time was Harold M. Gore, so that doesn't match McCarthy or Hilyard. Archives also say W.H. Marshman was the team captain, and there's no Marshman in the writing.
Grayson could be Emory Grayson, but the timing doesn't align. Emory is noted as having played in the 1917 and 1920 seasons, and also coached in the 1920 season. Not sure if that could also be him in 1923. Perhaps a sibling?
Is that Half or Hale in the back row? Archives do say there was a John S. Hale on the 1923 team.
Tumey could be M. Edwards Tumey. Archives say he was on the 1922 team, so perhaps a detail somewhere is a little off.
As for Hunter, Alger, Sargent, not sure who those could be. No such player names in the archives.

Basketball: 1917-1924, undated. University Photograph Collection (RG 110-176). Special Collections and University Archives, University of Massachusetts Amherst Libraries

Basketball: 1917-1924, undated. University Photograph Collection (RG 110-176). Special Collections and University Archives, University of Massachusetts Amherst Libraries