As of 2016, the 1995 Rockets are the lowest-seeded team to ever win the NBA Championship.
Houston became the eighth team to win back-to-back titles (after the Minneapolis Lakers of 1949 and 1950, and again 1952–54, and the Celtics dynasty of 1959–66 and again in 1968–69, as the LA Lakers of 1987 and 1988, Pistons of 1989 and 1990 and Bulls of 1991, 1992 and 1993). It would go on to happen ten more times, with the Bulls winning 3 more from 1996 to 1998, the Lakers from 2000–2002 and 2009–2010, and the Miami Heat from 2012–2013. The Rockets championships were also part of a run that saw 4 teams win consecutive titles (The Lakers 1987–88, Pistons 1989–90, Bulls 1991–93, Rockets 1994–95, Bulls 1996–98). That streak was stopped, ironically by a Spurs franchise who like the Celtics of the 1980s, didn't win back-to-back titles, but did win numerous championships and is considered a dynasty.
The sixth-seeded Rockets (47–35) took out 4 impressive opponents on their way to the title, defeating the 3rd-seeded Utah Jazz (60–22), 2nd-seeded Phoenix Suns (59–23), top-seeded San Antonio Spurs (62–20) and Eastern Conference champion Orlando Magic (57–25) in the NBA Finals. In the Conference Semifinals against the Suns, the Rockets came back from a 2–0 and 3–1 series deficit without home-court advantage, winning Games 5 and 7 in Phoenix. Rockets center Hakeem Olajuwon dominated league MVP David Robinson and Shaquille O'Neal in consecutive series to win the title.
It also featured the return of Michael Jordan to the playoffs after a year and a half absence, returning in March, and the only time the Bulls didn't win a title with him on the roster since they started their string of titles in 1991.
Game 4 of the Celtics-Magic series was the last game played at Boston Garden. Boston returned to the playoffs in 2002, this time in the new FleetCenter (now TD Garden).
Game 3 of the Blazers-Suns series was the last game played at the then-Memorial Coliseum (renamed the Veterans Memorial Coliseum as of 2012). The Blazers continued their playoff streak at Rose Garden (now Moda Center) for the next 7 years.
Game 3 of the Spurs-Nuggets series was the final playoff game at McNichols Sports Arena; the Nuggets missed the playoffs in each of the arena's final four years. Denver returned to the playoffs in 2004, this time in the new Pepsi Center.
The Pacers made the Eastern Conference Finals for the second straight year (and finally defeated the New York Knicks on their way to doing so), but found the Magic too powerful to overcome. Coincidentally, they met all 3 playoff opponents (Orlando, Atlanta, and New York) they had in 1994, just in a different order.
Since the NBA playoffs expanded to 16 teams in 1984, the Jazz became the second team (along with the 1994 Sonics) to win at least 60 regular season games and lose in the first round, when they lost to the eventual NBA champion Rockets.
Game 5 @ Alamodome, San Antonio (May 16): Los Angeles 98, San Antonio 96 (OT) (Nick Van Exel hits the game-tying 3 with 10.2 seconds left in regulation, then the game-winning 3 with 5 tenths left in OT)
Game 6 @ The Summit, Houston (May 18): Houston 116, Phoenix 103
Game 7 @ America West Arena, Phoenix (May 20): Houston 115, Phoenix 114 (Mario Elie's game-winning "Kiss of Death" three-pointer with 7.1 seconds left, so the Rockets became the 5th team in NBA history to overcome a 3–1 series deficit. The Rockets would also overcome a 3–1 deficit 20 years later against the Los Angeles Clippers.)
Game 1 @ Orlando Arena, Orlando (May 7): Orlando 94, Chicago 91 (Nick Anderson's clutch steal off Michael Jordan, leading to his comments on Jordan's jersey number 45, saying he thought Jordan was playing like a 45-year-old.)
Game 2 @ Orlando Arena, Orlando (May 10): Chicago 104, Orlando 94
Game 3 @ United Center, Chicago (May 12): Orlando 110, Chicago 101
Game 4 @ United Center, Chicago (May 14): Chicago 106, Orlando 95
Game 5 @ Orlando Arena, Orlando (May 16): Orlando 103, Chicago 95
Game 6 @ United Center, Chicago (May 18): Orlando 108, Chicago 102
Game 7 @ Madison Square Garden, New York City (May 21): Indiana 97, New York 95 (Ewing misses the game tying lay-up at the buzzer; The Pacers became the 4th NBA road team to win Game 7 after leading series 3–1)