First time, Budućnost won the trophy at final-four 1996 in Nikšić, defeating KK Partizan (126–115) in the final. Two years later, Budućnost won the final four, again in Nikšić (final match against KK Beobanka - 78:71). Last title of Yugoslav Cup winner, Budućnost gained in Vršac (2001) against KK Partizan (87–72).
Below is a list of Yugoslav Cup trophies won by Montenegrin clubs.
Except Montenegrin Basketball League as a top-tier league competition, after the independence, the Basketball Federation of Montenegro established Montenegrin Cup as a second elite national tournament. Inaugural season of Montenegrin Cup was 2006–07, and by now all the titles are won by Budućnost, except the season 2012–13, when KK Sutjeska surprisingly won the title in Montenegrin Derby.
Winners and finals
Season by season
Below is a list of final matches of Montenegrin Cup since the 2006–07 season.