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The King of Pancrase tournament was a mixed martial arts event held by Pancrase Hybrid Wrestling. It took place at Sumo Hall in Tokyo, Japan on December 16 and 17, 1994. The event was a 16-man tournament to crown the first ever champion of Pancrase. It featured the opening round and quarterfinals of the tournament on the first day, and the semifinals and finals on the second day.

The tournament was one of the biggest events in mixed martial arts history to that date and featured some of the best fighters in the world at the time, including future Ultimate Fighting Championship (UFC) champions Bas Rutten, Ken Shamrock, Frank Shamrock, and Maurice Smith, and top Japanese fighters Masakatsu Funaki, Minoru Suzuki and Manabu Yamada.

Background
The King of Pancrase tournament was a two-day tournament spanning from December 16, 1994 to December 17, 1994. The opening round and quarterfinals took place on day 1 and the semifinals and finals took place on day 2. The winner of the tournament would become the first ever "King of Pancrase".



Results
The tournament was seeded based on skill, matching #1 seeds with #4 seeds and #2 seeds with #3 seeds in the opening round. The tournament #1 seeds were Minoru Suzuki, Bas Rutten, Ken Shamrock and Masakatsu Funaki. The opening round saw a large upset as Frank Shamrock, who was making his MMA debut, knocked off #1 seed Bas Rutten via Majority Decision.

Masakatsu Funaki, Ken Shamrock, Manabu Yamada and Minoru Suzuki survived day 1 and advanced to day 2. Funaki and Shamrock had fought twice previously, with Shamrock winning once and Funaki winning once. It was also an example of student vs. teacher as Funaki was Shamrock's trainer and mentor and cornered Shamrock for his UFC fights in America.

In addition to the semifinals and finals of the tournament, the day 2 card also included two alternate bouts matching Katsuomi Inagaki vs. Gregory Smit and Scott Bessac vs. Larry Papadopoulos.