The semifinals and finals were played at the Nokia Arena in Tel Aviv.
Hapoel Holon defeated Maccabi Haifa 69-68 in the final, Brian Tolbert hitting a three point buzzer beater to win the match.
It was Hapoel Holon's 1st Israeli State Cup, after losing 5 finals.
4 Liga Leumit teams have been drawn to play a preliminary round to earn a spot in the main draw.
Two other random teams, Maccabi Tel Aviv and Hapoel Afula, have been drawn straight into the second round.