FIBA have called eight of Europe’s so-called elite teams to make the proposal for a new European competition, offering economic conditions much better than Euroleague.

The eight teams potentially involved in this new competition, as first reported by Mundo Deportivo are current Euroleague champions Real Madrid as well as Barcelona, Olympiacos, Panathinaikos, Anadolu Efes, Fenerbahce, CSKA Moscow and Maccabi Tel Aviv, all teams that own A licences in the Euroleague.

The other three teams that own A licences: Laboral Kutxa, EA7 Milano and Zalgiris are currently not involved in FIBA’s plans for the new league.

The new competition for clubs will allow the teams to increase the incoming money 50 percent more than the amount Euroleague guaranteed them last season.

At present, FIBA is dissatisfied about the economic result that the Euroleague reached, considering the Champions League has television agreements of a value three times higher. The idea of FIBA is conveying the Euroleague teams into the new European competition for clubs.

The league will be with 16 teams: eight with A licences, eight selected by sporting results (National champions of France, Italy, Germany and Lithuania and four coming from a qualifying round in September-October distributed geographically).

Wild card entries will totally disappear.

The first round will be with 16 teams (regular season long 30 games) and then quarter-finals and Final Four.