Piscataway Magnet opened in 1977, and within five years, the Raiders boys basketball team was competing in the Middlesex County Tournament for the first time. P-Way Magnet has had six 20-win seasons including its most recent in 2002-03. During the 2002-03 season, the Raiders won the Central Jersey Group 1 Championship. The Raiders also won back-to-back GMC Gold Division titles in 2003 and 2004. Piscataway Magnet has won 9 division titles in boys’ basketball.
| Season | Wins | Losses | Win % |
| 1989-90 | 24 | 4 | 0.857 |
| 1984-85 | 23 | 5 | 0.821 |
| 1994-95 | 22 | 3 | 0.880 |
| 1990-91 | 22 | 5 | 0.815 |
| 2002-03 | 21 | 5 | 0.808 |
| 1981-82 | 20 | 8 | 0.714 |