[2] The FIBA Americas League was a recreation of the now defunct Pan American Club Championship, that existed from 1993 to 2000.

From 2013 to 2015, the winner of each season's FIBA Americas tournament, played against the winner of each season's European top-tier level EuroLeague competition, at the FIBA Intercontinental Cup, in order to determine an official club world cup champion.

In December 2007, the FIBA Americas League was introduced in the second attempt of a panamerican basketball club competition.

Another one of the main goals in the creation of the league was to eventually revive the dormant FIBA Intercontinental Cup, so that clubs from the FIBA Americas region could once again directly compete against top EuroLeague teams in official games, and so that an official world cup championship could once again be contested.

Another goal in creating the league was to form a league system of teams that could form a partnership with the EuroLeague and NBA on playing friendly games during the preseason, in the same way that the EuroLeague and NBA teams were already playing against each other during the preseason.

The semifinals winners qualify to play at the FIBA Americas League Final 4, in a yet to be determined host city.