The basketball tournaments of UAAP Season 69 started on July 8, 2006 at the Araneta Coliseum and ended on October 2, 2006 also at the same venue with the UST Growling Tigers defeating the Ateneo Blue Eagles in the third game of their Finals series.

The Ateneo Blue Eaglets triumphed over the FEU-FERN Baby Tamaraws to win the Juniors' championship, while the UST Tigresses won over the FEU Lady Tamaraws in the Women's Championship.

In the Men's championship, the UST Growling Tigers rallied in the Finals series to beat the Ateneo Blue Eagles, 2 games to 1 to win their 19th basketball championship.

These are the results of the different rivalry games: In the semifinals, the higher seed has the twice-to-beat advantage, where they only have to win once, while their opponents twice, to progress.

In the semifinals, the higher seed has the twice-to-beat advantage, where they only have to win once, while their opponents twice, to progress.