All matches took place at the Greensboro Coliseum on January 4, 1986.

- Quarter-Finals

- Tully Blanchard pinned Ron Bass by falling on top of him from the top rope as Bass had the claw applied

- NWA National Tag Team Champion Arn Anderson pinned Jimmy Valiant with a double leg pick up and putting his foot on the ropes for leverage

- Black Bart fought Road Warrior Animal to a double count-out

- Wahoo McDaniel pinned the Barbarian with a roll up after the Barbarian missed a charge into the corner

- Semi-Finals

- NWA National Tag Team Champion Arn Anderson pinned Ron Garvin by blocking a backdrop into a sunset flip and grabbing the ropes for leverage at around the 17-minute mark; after the bout, Garvin had a confrontation with Tully Blanchard, who was coming out for the next match

- Wahoo McDaniel defeated Tully Blanchard via disqualification at around the 8-minute mark after referee Tommy Young spotted Blanchard hitting McDaniel with a foreign object; after the match, McDaniel cleared Blanchard from the ring

- Finals

- NWA National Tag Team Champion Arn Anderson defeated Wahoo McDaniel

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