It was organized by the ACB and was played in Granada in the Palacio de Deportes between March 3 and 5, 1995.
Taugrés Baskonia won its first title after defeating Amway Zaragoza in the final game.
The other four places would be decided in a tournament called League of the Cup that was played in April and May 1994, with the eliminated teams in the play-offs of the 1993–94 season.
As OAR Ferrol was dissolved before the 1994–95 season, its spot would be decided in a best-of-three playoff between Cáceres and Amway Zaragoza.
As OAR Ferrol resigned to its berth in Liga ACB, a repechage playoff was played in December 1994 and January 1995.