Newcastle's Trey Moore was named MVP for his 22 point haul and five rebounds for the victorious Eagles, but it was GB international Richard Midgley who dominated the points, with 36 of his own.
"We came up against a really good team and they were hungrier for it," said Garbelotto.
"The game was won and lost in the first quarter. I thought we looked tired and slow and old but it was a great effort to get it back to where it was.
"I've loved every single day (being head coach of the Tigers). This is what I came back for and why I took the job. It was always going to be hard coming straight into this league and wining everything, but we have won one trophy and established ourselves as a franchise.
"I thought Richard had an unbelievable performance and showed why he has been in the GB squad for the past two years.
Newcastle took the opening quarter 36-17, in part thanks to four three-pointers by Reginald Jackson. However, Everton rallied early in the second period, scoring 11 of the first 13 points to reduce the deficit to 38-28, but by half time Newcastle led 51-40.
Midgley was at the heart of the Everton surge in the second half, with an early two three-pointers, but as Garbelotto had alluded too, the damage had been done in the first quarter. With nine seconds to play the GB guard brought the game back to within two points, at 86-84, however Jackson netted once from the foul line to wrap up the game.
Another Brit in the final, Tafari Toney, could not hide his trade mark smile after the game, in which he took seven points.
"It's been a great season, getting three out of the four trophies. When we won that first one it really brought the chemistry together of the team," said the 22-year-old Eagle.
"It's been great coming out here, winning the final and picking up another trophy, especially in my rookie year."
