It was the year-end championship of the 1982 Volvo Grand Prix tour and was played on indoor carpet courts.

[3][4] The round-robin format of previous editions was replaced by a knock-out tournament featuring the 12 highest ranking singles players as well as the six best doubles teams of the Grand Prix circuit.

[3] Ivan Lendl defeated John McEnroe 6–4, 6–4, 6–2 Peter Fleming / John McEnroe defeated Sherwood Stewart / Ferdi Taygan 7–5, 6–3 The Masters tournament offered $400,000 prize money and began on Tuesday, January 18, 1983.

The seeding of the players was based on the Grand Prix points gathered during the 1982 season which consisted of 82 tournaments.

Lendl won the best-of-five match in straight sets in two hours and nine minutes and received the $100,000 winner's cheque as well as a motor car.