The 1992–93 Chicago Bulls finished in first place in the Central Division, and second overall in the Eastern Conference. They advanced to the Eastern Conference Finals for the fifth consecutive season, becoming the first team since the 1987–88 Boston Celtics to do so. The Bulls would then go on to win their third consecutive NBA championship, defeating the Phoenix Suns in the 1993 NBA Finals. This was the last title the Bulls won while playing at Chicago Stadium. Chicago's offseason was also marked by the sudden retirement of Michael Jordan.
The 1993 NBA Finals was the championship round of the 1992–93 NBA season, featuring the Chicago Bulls, led by Michael Jordan, and the Phoenix Suns, winners of 62 games and led by regular season MVP Charles Barkley. The Bulls became the first team since the legendary Boston Celtics of the 1960s to win three consecutive championship titles, clinching the "three-peat" with John Paxson's game-winning 3-pointer that gave them a 99–98 victory in Game 6. This series was also notable in that the road team won each game, with the exception of Chicago in game 4.
The Phoenix Suns won game 3 in 3OT, 129–121. Suns Head Coach Paul Westphal became the only person to appear in both triple-overtime finals games. The first was the classic 1976 contest against Boston, in Game 5 as a player. Ironically, his Suns also appeared in that year's finals, thus becoming the only team to appear in two triple-overtime finals games. Back in 1976, the Suns lost 126–128 against Boston.
The Bulls got off to a good start in Game 6 but struggled in the fourth quarter, wasting a double-digit lead to trail 98–94. Michael Jordan made a layup to cut the margin to 2 points, and the Suns missed a shot on their next possession. Trailing 98–96 and facing a Game 7 on the road if they lost that day, John Paxson took a pass from Horace Grant and buried a three-point shot with 3.9 seconds left, giving the Bulls a 99–98 lead. The victory was secured by a last-second block from Horace Grant.
Michael Jordan, who averaged a Finals-record 41.0 points per game during the six-game series, became the first player in NBA history to win three straight Finals MVP Awards. He joined Magic Johnson as the only other player to win the award three times. The NBA started awarding the Finals MVP in 1969.