Žalgiris successfully defended the title for the 4th time in a row after defeating 7Bet–Lietkabelis in the final 86–70.

Five teams that participated in Euroleague Basketball and FIBA tournaments, have received bye's to quarterfinals stage, while the remaining teams were drawn into two groups, with the group winners advancing straight to the Quarterfinals, while second-placed teams faced off each other for the final Quarterfinals spot.

[1][2] Second ranked teams from each group faced-off each other in a home-and-away format, with the overall cumulative score determining the winner of a match.

Five teams have received byes to the Quarterfinals stage due to participating in FIBA and Euroleague Basketball competitions.

The LKL presented a prize of the same value to Sean McNeil and the contest title is shared between these two players.