Start a New Association, picking any team that you wish. The only important setting in this setup screen is to make sure the "Quarter Length" is set to 1 Minute.
From there, start your franchise and play the first game. Before the game begins, press start and change the following options:
Options > My NBA Settings > NBA Rules > Shot Clock OFF
Options > My NBA Settings > Gameplay > Difficulty "ROOKIE"
And now change the following Sliders:
Offense > 3PT Success > 100
Defense > Steal Success > 100
After changing these, you should make just about every 3 point shot (with players that have decent outside shooting) and you can get just about every steal you attempt. Just score a few baskets (go up by 7 or 8 points) and then hold the ball and run out the clock. Repeat for 5 games (the sliders/rules that you set should save for the next game) and you have the achievement.