
There are five newcomers to the competition: Hapoel Tel Aviv of Israel, Paris Basketball of France, London Lions of Great Britain, Prometey Slobozhanske of Ukraine, and U-BT Cluj-Napoja of Romania.
Germani Brescia of Italy returns to the EuroCup after a one-season absence. The other 14 squads competed in the EuroCup in the 2021-22 campaign.
20 teams divided into two groups of 10 teams each. Round-robin format for a total of 18 games played by each team. Best eight teams from each group advance to knock-out elimination phases. Each group’s top-ranked team earns home-court advantage in the eightfinals, quarterfinals, and semifinals.
Knock-out elimination: all played under single-game format. The top eight teams from Group A face the top eight teams from Group B. The higher-ranked regular-season team in each matchup enjoys a home-court advantage. Each series winner advances to the next.
EuroCup 2022-23 season groups
| Group A | Group B |
| Joventut Badalona | Hapoel Tel Aviv |
| Cedevita Olimpija Ljubljana | Gran Canaria |
| Umana Reyer Venice | Buducnost Voli Podgorica |
| Frutti Extra Bursaspor | Dolomiti Energia Trento |
| Lietkabelis Panevezys | Turk Telekom Ankara |
| JL Bourg | Promitheas Patras |
| Ratiopharm Ulm | Paris Basketball |
| Germani Brescia | Hamburg Towers |
| U-BT Cluj Napoca | Slask Wroclaw |
| Prometey Slobozhanske | London Lions |
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