A few of the top clubs of the EuroLeague, decided initially not to break away from FIBA Europe, and so a new version of FIBA's EuroLeague was formed, called the FIBA SuproLeague. It continued the tradition of having the league culminate at the EuroLeague Final Four, with the 2001 FIBA SuproLeague Final Four. On the other hand, the Euroleague Basketball competition did not hold an edition of the EuroLeague Final Four that season, opting instead to end the season with the 2001 Euroleague Finals.
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. The next season's edition of the EuroLeague, the Euroleague 2001–02 season, cancelled the 5-game finals series format, and continued the long-held tradition of culminating with the EuroLeague Final Four. 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.