Proposed FIBA Europe competition has a €250.000 prize for the winner

FIBA and FIBA Europe announced a new European cup starting from next season.
Simonas Baranauskas broke some interesting news about the new Cup.

Proposed FIBA Europe competition has a €250,000 prize for the winner. €100,000 for 2nd place, €70,000 for 3rd place, €50,000 for 4th place.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

Pay-outs of €25,000 would be awarded to teams who reach the Quarter-Final stage. Teams that reach second stage would get €10,000 - €15,000.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

The registration deadline in the new FIBA Europe competition is July 17th for federations and July 24th for individual clubs.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

There is no registration fee for the new FIBA Europe competition. Only a €10,000 deposit, which would be returned at the end of the season.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

In the proposed new FIBA Europe competition, QR format would be two games. Home & away.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

Proposed FIBA Europe competition: RS: 16 x 4. Last 32: 8 x 4. Last 16 Play-Offs: best-of-three. Quarter-Finals: best-of-three. Final Four.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

Proposed schedule: QR1: Sep 30 & Oct 7 QR2: Oct 14 & 21 RS: Nov 4 - Dec 9 L32: Dec 23 - Feb 3 L16: Feb 17 & 24, Mar 2 QF: Mar 16,23, 30

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015

The Final Four of the new European Club's Competition is scheduled for April 29 - May 1. Semis on Friday. Final & 3rd place game on Sunday.

— Simonas Baranauskas (@LithuaniaBasket) 1 Luglio 2015