Guard Tyrese Rice produced his second effervescent performance of the weekend to lead the Israeli side with a game-high 26 points after scoring the winner in Friday's 68-67 semi-final defeat of CSKA Moscow.
Real, chasing a record ninth trophy in Europe's premier club competition, seemed to be cruising after a 19-2 run midway through the first half gave them an 11-point lead.
But Maccabi closed the gap with a barrage of fast breaks and were on the verge of winning the game in regular time having thrown away a four-point lead in the last minute as livewire Rice also missed an open three-point shot on the buzzer.
Rice bounced straight back in overtime, scoring 14 points in the additional five minutes as Maccabi pulled away and sent their passionate 10,000 fans into raptures at the Mediolanum Forum Arena.
- Sports & Recreation