The Lady Vols, who represented the University of Tennessee in Knoxville, Tennessee, were led by head coach Pat Summitt in her 13th season at the school. Tennessee began the season ranked No. 3 in the AP Poll. After peaking at No. 1 in the polls for the last three weeks of 1986, the team remained in the top 10 all season long and finished the regular season at No. 7 in both major polls.
Playing as the No. 2 seed in the Mideast region of the NCAA tournament, the Lady Volunteers defeated Tennessee Tech, No. 11 Virginia, and No. 2 Auburn to reach the fourth Final Four in program history. In the National semifinals, Tennessee defeated No. 4 Long Beach State, 74–64.[2] The 27–6 Lady Vols entered the matchup with No. 3 Louisiana Tech as the underdog.
The Lady Techsters, who represented the Louisiana Tech University in Ruston, Louisiana, were led by head coach Leon Barmore, in his 2nd season as head coach at the school. Louisiana Tech opened the season ranked No. 2 in the AP poll and, like Tennessee, spent the entirety of the season inside the top 10. They finished the regular season ranked No. 3 in both major polls.
In the NCAA tournament, La Tech defeated Northwestern, Southern Illinois, and No. 9 Iowa to reach the fourth NCAA Final Four in program history. They won 79–75 over No. 1 and defending National champion Texas in the national semifinal[3] to reach the national championship game with a 30–2 record.