The 1994–95 Liga EBA season was the first one of this competition, created to be the new second tier of Spanish basketball.
The six last qualified teams in each group played the relegation playoffs. All groups played independently 9th vs 14th, 10th vs 13th and 11th vs 12th. The losers of a best-of-five serie were relegated to Segunda División.
The Final Eight of the Liga EBA was held in Gijón. The two winners in the semifinals promoted to Liga ACB.
CB Gran Canaria and Gijón Baloncesto promoted to Liga ACB.