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The UAAP basketball sport has a rich history of schools establishing dynasties. UE won a record seven consecutive basketball titles from 1965 to 1971 albeit the third one was a shared championship with UST. Ateneo had a 5-year winning streak from 2008 to 2012. Two other schools ended their championship streak at four.
Riding their three-game winning streak, the Tamaraws defeated the Eagles as they held off the Eagles in the waning minutes of the fourth quarter. Just after they've won against the #1 team, the #8 team NU upset the Tamaraws who were then tied with three teams for #1.
On a seven-year losing streak, La Salle had to win via overtime to break UST's streak. A win over last year's Finals opponent Ateneo assured the Tigers of an above-.500 record at the end of the first round. On their rematch with the Green Archers, the Tigers forced overtime after coming up with a 13–0 run at the final two minutes of regulation.
Both UP and La Salle won the semifinals match-ups over Adamson and UST, respectively, marking their second overall head-to-head UAAP Finals matchup. For the fourth consecutive season, the men's basketball finals series reached a do-or-die third game - the longest such streak so far for the tournament in UAAP Final Four history.
The NU Lady Bulldogs 108-game winning streak was snapped in the elimination round by the De La Salle Lady Archers, but NU still won in the Finals against La Salle to win their 7th consecutive title. The high school boys' tournament began on January 15, 2023, for the first time since the COVID-19 pandemic.
The men's basketball tournaments of UAAP Season 69 (A.Y. 2006-07) 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. Ateneo finished first in the elimination round.
ABS-CBN Sports is the broadcaster of the UAAP Season 82 Men's Basketball games aired on S+A and Liga. However, their contract with the network's sports division expired due to the issue of legislative franchise renewal and the denial of the franchise, which led to the sports division's dissolution following their retrenchment on August 31, 2020.
In the first game of the series, both teams exchanged leads in the 1st half with UP taking the 1st quarter while Adamson taking the 2nd to nudge by a point at halftime. But the Fighting Maroons outscored the Falcons in the 3rd quarter 26–14 to take an 11-point lead heading into the 4th quarter.