The Houston Rockets have won.
Houston Rockets . The Rockets have won two NBA championships and four Western Conference titles . The Rockets won only 15 games in their debut season as a franchise in 1967 . Malone went on to win the NBA Most Valuable Player ( MVP ) award twice and led Houston to the conference finals in his first year with the team . Olajuwon-led Rockets went to the 1994 NBA Finals and won franchise 's first championship against Patrick Ewing and the New York Knicks . Houston became the lowest-seeded team in NBA history to win the title .