Olympiacos has defeated Real Madrid by a final score of 100-88 to win the 2013 Euroleague championship.

Olympiacos also won the Euroleague last season, defeating CSKA in the title game in Istanbul.

Vassilis Spanoulis was named MVP of the Final Four, the third time he has won the honor.

Real Madrid started the first quarter strong, holding a 27-10 lead after the first 10 minutes of the game. Olympiacos cut the lead to four at halftime and outscored Real Madrid by 12 points in the fourth quarter after tying the game after three quarters.

Spanoulis had 22 points, four assists and two rebounds in the game, while Acie Law had 20 points and five turnovers.

Rudy Fernandez led Real Madrid with 21 points.

Vassilis Spanoulis of Olympiacos Piraeus has been named the 2012-13 Euroleague MVP.

Spanoulis averaged 14.7 points per game (4th overall) and 5.59 assists (3rd overall).

Spanoulis is a two-time MVP of the Euroleague Final Four.

Rudy Fernandez, Dimiris Diamantidis, Nenad Krstic, Ante Tomic and Vassilis Spanoulis headline the 2013 All-Euroleague First Team.

On the All-Euroleage Second Team are Shawn James, Juan Carlos Navarro, Milos Teodosic, Viktor Khryapa and Nikola Mirotic.

CSKA, Barcelona, Olympiacos, Panathinaikos, Real Madrid and Maccabi were the six teams with first and second team representatives.

The Euroleague Top-16 groups have been set with Real Madrid headlining Group E and Maccabi Tel Aviv in Group F.

Group E
Real Madrid
Zalgiris Kaunas
Unicaja Malaga
CSKA
Panathinaikos
Anadolu Efes
ALBA Berlin
Brose Baskets

Group F 
Maccabi Electra Tel Aviv
F.C. Barcelona Regal
BC Khimki Moscow
Olympiacos
Montepaschi Siena
Besiktas
Fenerbahce Ulker
Caja Laboral 

Vassilis Spanoulis of Olympiacos has been named the Euroleague MVP for November.

Spanoulis averaged 17.6 points and 6.8 assists per game.

Josh Powell has agreed to terms of a two-year deal with Olympiacos.

Powell was recently cut by the San Antonio Spurs after appearing in six preseason games.

Joey Dorsey has agreed to part ways with Olympiacos.

Dorsey averaged 6.6 points, 5.6 rebounds and 1.6 steals in A1 League play last season.

Dorsey, 28, has spent time with the Houston Rockets, Rio Grande Valley Vipers, Toronto Raptors and Caja Laboral.  

Joey Dorsey has agreed to a two-year contract with Olympiacos Pireaus.

Dorsey joined Olympiacos prior to last season’s Euroleague playoffs.

Olympiacos won both the Euroleague and the Greek League titles for the first time since 1997.

The Euroleague Regular Season groups were announced in Barcelona on Friday.

Group A
Panathinaikos
Real Madrid
BC Khimki
Fenerbahce Ulker
Union Olimpija
Qualifying Round Champion

Group B
Maccabi Electra Tel Aviv
Montepaschi Siena
Alba Berlin
Unicaja Malaga
Asseco Prokom Gdynia
Elan Chalon 

Group C
Olympiacos
Caja Laboral Vitoria
Anadolu Efes
Zalgiris Kaunas
Armani Milan
Cedevita Zagreb

Group D
FC Barcelona Regal
CSKA Moscow
Partizan
Lietuvos Rytas
Brose Baskets
Besiktas