The 1994–95 NBA season was the 27th season for the Seattle SuperSonics in the National Basketball Association. During the offseason, the Sonics acquired Šarūnas Marčiulionis from the Golden State Warriors. For the duration of the season, the Sonics switched venues and played their home games at the Tacoma Dome while their original stadium, the Seattle Center Coliseum, was being rebuilt to keep pace with NBA standards. The Sonics posted a 10-game winning streak in January, which led them to a successful 33–12 start before the All-Star break. The team finished second in the Pacific Division with a 57–25 record. Three members of the team, Gary Payton, Shawn Kemp and Detlef Schrempf were all selected for the 1995 NBA All-Star Game.

However, after a shocking first round exit in the 1994 NBA Playoffs against the Denver Nuggets, the Seattle franchise would once again exit early in the 1995 Playoffs, losing in four games to the 5th-seeded Los Angeles Lakers in the first round after winning Game 1. Following the season, Kendall Gill was traded back to the Charlotte Hornets, and Marčiulionis was dealt to the Sacramento Kings.

(4) Seattle SuperSonics vs. (5) Los Angeles Lakers: Lakers win series 3-1