The season ended with Cibona winning the league championship by beating Partizan two games to none in the playoffs final best-of-three series.

Heading into the final series, Partizan had the home court advantage, but lost it after game 1 at Belgrade's Hala sportova in front of a packed crowd of 4,000—a hard-fought contest that visiting Cibona won 108–112 after triple overtime.

The 1981–82 season featured the unusual sight of thirty-two-year-old Red Star Belgrade legendary point guard Moka Slavnić suiting up for their bitter crosstown rivals Partizan.

[3] He immediately proved valuable, assisting and organizing on offense on a roster that also featured another legendary veteran—thirty-year-old Dražen Dalipagić, himself returning to Belgrade following a season abroad with Reyer Venezia.

The winning roster of Cibona:[26] Coach: Mirko Novosel Since teams from 9th to 11th place ended up with the same number of points, it was decided that relegation tournament in Kumanovo should have been played.