The first ever Torneo Gran Alternativa was held on December 30, 1994 in Mexico City, Mexico. The first tournament did not feature any kind of "seeding" match preceding the tournament, instead it followed the standard rudo / tecnico divide in the first round. The finals saw the team of veteran Negro Casas and rookie Héctor Garza defeat the team of Satánico and Arkangel de la Muerte. In the subsequent years Héctor Garza rose up through the ranks, working stints for World Championship Wrestling and Total Nonstop Action Wrestling in the U.S. and becoming a fixture on the CMLL main event scene.
Tournament[]
| Quarterfinals | Semifinals | Finals | |||||||||||
| Gran Markus, Jr. and Astro Rey, Jr. | |||||||||||||
| Dr. Wagner, Jr. and Halcon Negro, Jr. | |||||||||||||
| Dr. Wagner, Jr. and Halcon Negro, Jr. | |||||||||||||
| Negro Casas and Héctor Garza | |||||||||||||
| Negro Casas and Héctor Garza | |||||||||||||
| Pierroth, Jr. and Guerrero de la Muerte | |||||||||||||
| Negro Casas and Héctor Garza | |||||||||||||
| Satánico and Arkangel | |||||||||||||
| Dos Caras and Olímpico | |||||||||||||
| Satánico and Arkangel de la Muerte | |||||||||||||
| Sátanico and Arkangel | |||||||||||||
| El Dandy and Shocker | |||||||||||||
| El Dandy and Shocker | |||||||||||||
| La Fiera and Máscara Mágica | |||||||||||||
