The league was run by FIBA Europe, which also handed out the awards.
During the 2000–01 season, the top professional men's basketball club competition in Europe was split into two leagues.
After the 2000–01 season, all of the top basketball clubs of Europe decided to join with Euroleague Basketball, and the FIBA version of the league officially ended with the 2000–01 FIBA SuproLeague.
It also continued to give out the EuroLeague Final Four MVP award.
However, it also discontinued the awarding of the EuroLeague All-Final Four Team, making the 2001 FIBA SuproLeague Final Four, the last time that the EuroLeague All-Final Four Team award was given.