[1] In this first edition of the competition, it was actually the 3rd-tier level on the European club basketball pyramid, featuring 15 domestic league champions.

The Greek club Aris Thessaloniki won the title, after beating the Polish club Prokom Trefl Sopot in the Final, which was held at Alexandreio Melathron, in Thessaloniki, Greece.

Several teams like Split, Aris, PAOK, Lietuvos Rytas, Kalev, Fribourg , Planja, Academic, Levski, APOEL, Ventspils, Rabotnički, and Porto had played for years in FIBA's former Champions Cup (1958–2001).

The winner was also considered the champion of the 2002-03 North European Basketball League.

Before the PEP phase, the group champions of the RQR Southern conference participate in a final round to contest for the symbolic title of Conference Champion January 16, Universiada Hall, Sofia January 17, Universiada Hall, Sofia January 17, Universiada Hall, Sofia The season ran from October 1, 2002 to November 5, 2002.