Wolf attended St. Xavier High School in Cincinnati where he played basketball and tennis. He continued to play both sports at North Carolina State (1979-80) under Norm Sloan and Xavier University (1980-83) under Bob Staak. Wolf was captain of the first team at Xavier to win a regular season conference championship, tournament championship and advance to the NCAA tournament. His father coached the Cincinnati Royals and Oscar Robertson as well as the Detroit Pistons. Wolf is married, has four children and resides in Loveland, Ohio.