The Celtics entered the series as the defending champions, having defeated the Hawks in the 1957 NBA Finals. This Finals championship would be the last time the Celtics failed to win the title until 1967.
Alex Hannum, the Hawks coach, won the first of his two NBA championships. Between 1957 and 1969, Hannum was the only coach to win titles with a team other than the Celtics.
The Celtics had home-court advantage for the Finals. The Celtics won five of the nine regular-season meetings between the teams in 1957-58.
| Team | Hawks | Celtics |
| Regular Season | 41-31, 1st in Western Division | 49-23, 1st in Eastern Division |
| Division Semifinals | Bye | Bye |
| Division Finals | Def. (2) Detroit Pistons, 4-1 | Def. (3) Philadelphia Warriors, 4-1 |
Cliff Hagan scored 23 of his 33 points in the second half to lead all scorers, and Pettit finished with 30 points. He and Hagan were the only two Hawks in double-figures. Bob Cousy had 27 and Bill Sharman had 25 to lead the Celtics.
Bob Cousy led a balanced Celtics attack with 25 points. Boston had seven players in double figures, and all nine Celtics who played scored. Bill Russell and Bill Sharman each had 22 for the Celtics. Cliff Hagan had 37 to lead the Hawks, while Bob Pettit was limited to 19 points on 8 of 20 shooting.
With Russell out for Boston, Bob Pettit was able to operate more freely leading the Hawks with 32 points. Cliff Hagan added 18 points before fouling out. Frank Ramsey led the Celtics with 29 points before he also fouled out. Bill Sharman had 21 points. Russell scored 14 points before leaving the game with his injury, which prevented him from playing the next two games.
Red Auerbach used multiple strategies to make up for the absence of Bill Russell, including using point guard Bob Cousy in the post. Cousy finished the game with 24 points, with 16points coming in the second quarter. Bill Sharman had 21 for the Celtics, who managed to out-rebound the Hawks despite not having Russell. Cliff Hagan had 27 points to lead the Hawks, who matched a playoff record by missing 22 free-throws.
Martin added 25 points to Pettit's 33 to help pace the Hawks. Ramsey had 30 points to lead the Celtics, including 12 of Boston's first 15 points in the second quarter, helping keep the Celtics from being blown out early. Boston shot just 24 percent from the field in the first half.
After a Pettit tip-in put St. Louis up 110-107, Bill Sharman made a lay-up to pull Boston back within one with nine seconds left. Slater Martin dribbled out the clock clinching the championship for St. Louis.
Pettit's 50 points set a record for points scored in a regulation playoff game, breaking the mark of 47 points by George Mikan set in 1947. Pettit finished 19 of 34 from the field despite the return of Bill Russell, who played 20 minutes on a heavily taped ankle. Pettit finished the series averaging 29.3 PPG.
Sharman led the Celtics with 26 points. Frank Ramsey, who entered the game averaging 22 PPG for the series, was held to eight points.
When the NBA compilied its list of the 60 Greatest Playoff Moments to coincide with the league's 60th anniversary, this game was ranked No. 9 on the list.



