The EuroLeague is the top-tier level European-wide men's professional club basketball league in Europe.
[1] It was originally awarded for play that included the league's regular season, top 16 stage, and playoffs, and currently is awarded for play that includes the regular season and playoffs, as the top 16 stage was eliminated.
Since established, the award has never gone to a player whose team did not reach the EuroLeague Final Four.
For example, players whose teams only made it to the top 16 stage of the competition (when it existed in the past), were nominated into the online fan voting every year, and some were selected to the All-EuroLeague First Team.
Also, rather than being based on the PIR statistical formula, like the earlier EuroLeague Regular Season MVP award, the Full Season MVP award is based on a combination of online voting by fans and the media.