The First Annual Jim Crockett Sr. Memorial Cup Tag Team Tournament, also referred to as Crockett Cup (1986), was held on April 19, 1986 at the Louisiana Superdome in New Orleans, Louisiana. The first portion of the event was held in the afternoon and the second portion was held in the night. The event was co-promoted by Jim Crockett Promotions (JCP) and Universal Wrestling Federation (UWF). The tournament featured 24 tag teams. The concept of the Crockett Cup was a single elimination tag team tournament, with the storyline prize of $1,000,000.00 given to the winning team along with a large trophy. The tournament was won by The Road Warriors, as they defeated Ron Garvin and Magnum T. A. in the finals to win the tournament.

Mitsuharu Misawa was a Japanese professional wrestler and promoter. He is primarily known for his time in All Japan Pro Wrestling (AJPW), and also for forming the Pro Wrestling Noah promotion in 2000. In the early 1990s, Misawa gained fame alongside Toshiaki Kawada, Kenta Kobashi, and Akira Taue, who came to be nicknamed AJPW's "Four Pillars of Heaven", and whose matches developed the ōdō style of puroresu and received significant critical acclaim. Despite never working in the United States during the 1990s, Misawa had a significant stylistic influence upon independent wrestling, through the popularity of his work among tape-traders worldwide including the United States, the United Kingdom, Canada, and Australia.