For the third consecutive year, RealGM presents the most outstanding players of Euroleague.

Victor Khryapa of CSKA Moscow is the winner of the RealGM Euroleague MVP award for the 2012-13 season. The 30-year-old forward has improved all of his main statistical numbers this season, averaging 10 points, 7.5 rebounds, 3.8 assists and 1.6 steals per game. Khryapa has also helped his team, which holds a 23-5 record this season, to defeat Caja Laboral Vitoria in the playoffs to reach the Final Four.

For the second consecutive year, the RealGM Euroleague MVP award was given to a Russian player, as the winner of last season's prize was Andrei Kirilenko of CSKA Moscow.

The RealGM All-Euroleague First Team consists of Montepaschi's Bobby Brown and Olympiacos' Vassilis Spanoulis at guard, Khryapa and Maccabi's Shawn James at forward and CSKA's Nenad Krstic at center.

The RealGM All-Euroleague Second Team includes guards Jordan Farmar of Anadolu Efes and Zoran Planinic of Khimki, forwards Rudy Fernandez and Nikola Mirotic of Real and center Ante Tomic of Barcelona Regal.

Paul Davis of Khimki Moscow region is the winner of the Euroelague Rookie of the Year Award, while Aron Baynes (formerly of Union Olimpija before joining the San Antonio Spurs) was the RealGM pick to win the Most Improved Played Award.

Georgios Bartzokas of Olympiacos was named as the 2012-13 Euroleague Coach of the Year, while Kyle Hines (also from Olympiacos) is the winner of the 2012-13 Euroleague Sixth Man of the Year Award.

Euroleague MVP

Victor Khryapa (CSKA)

All-Euroleague 1st Team

Bobby Brown (Montepaschi): 18.8 points, 5.3 assists in 33 minutes

Vassilis Spanoulis (Olympiacos) - 14.7 points, 2.1 rebounds and 5.6 assists in 30 minutes

Victor Khryapa (CSKA) - 10 points (45% 3FG), 7.5 rebounds and 3.8 assists in 28 minutes

Shawn James (Maccabi): 11.5 points (64% 2FG), 6.5 rebounds in 24 minutes  

Nenad Krstic (CSKA) - 13.6 points (63% 2FG), 4.6 rebounds in 24 minutes

All-Euroleague 2nd Team

Jordan Farmar (Anadolu Efes): 13.8 points, 3.6 rebounds and 3.9 assists in 30 minutes

Zoran Planinic (Khimki): 12.4 points, 3.9 rebounds and 6.3 assists in 31 minutes

Rudy Fernandez (Real): 13.6 points, 3.8 rebounds and 3.1 assists in 27 minutes

Nikola Mirotic (Real): 11.7 points, 5.5 rebounds in 25 minutes

Ante Tomic (Barcelona Regal) - 11.5 points (63% 2FG), 6.3 rebounds in 23 minutes

Sixth Man Award

Kyle Hines (Olympiacos) - 9.1 points, 5.9 rebounds in 20 minutes

Most Improved Player Award

Aron Baynes (Union Olimpija) - 13.8 points, 9.8 rebounds in 26 minutes

Coach of the Year

Georgios Bartzokas (Olympiacos)

Rookie of the Year

Paul Davis (Khimki)

All-Rookie 1st Team

Paul Davis (Khimki) - 13.4 points, 5.5 rebounds in 20 minutes

Ricky Hickman (Maccabi) - 13.5 points, 2.7 rebounds and 3.1 assists in 29 minutes

Blake Schilb (Elan Chalon) - 15.5 points, 4.6 rebounds and 4 assists in 33 minutes

Marcus Williams (Unicaja) - 10.5 points, 2.7 rebounds and 3.3 assists in 22 minutes

Shelden Williams (Elan Chalon) - 11.3 points, 7.6 rebounds in 23 minutes

All-Rookie 2nd Team

Drew Gordon (Partizan) - 9.1 points, 7.5 rebounds in 29 minutes

Lukasz Koszarek (Asseco Prokom) - 11.1 points, 2.9 rebounds and 4 assists in 30 minutes

Kelvin Rivers (Khimki) - 9.6 points, 2.7 rebounds in 26 minutes

Dashaun Wood (Alba) - 9.8 points, 2.5 assists in 24 minutes

Maik Zirbes (Brose Baskets) - 8.2 points, 5 rebounds in 20 minutes

As the 12-13 Euroleague season begins, RealGM presents 24 questions for the Euroleague fans.

1. Was Alba worthy of the Euroleague wildcard?

Thanks to their amazing game attendance numbers, Alba Berlin received a wildcard from the Euroleague this offseason, letting compete in the top European competition once again. Having Elan Chalon and Asseco Prokom Gdynia in their group, Alba has a good chance of making it out of the group and prove they were worthy of the wildcard.

2. Was Jordan Farmar a player Anadolu Efes has been missing for years?

Anadolu Efes Istanbul has arguably spent more on their team without receiving a good return than any other team in Euroleauge. Anadolu Efes has always been a team full of stars and it won't be any different this season. However, Jordan Farmar was an MVP candidate last season in his short stint with Maccabi and he's capable of helping the Turkish team make a long run this Euroleague season.

3. Can Asseco Prokom win more games than last season?

Asseco Prokom won just one game last season and it doesn't seem like it's going to be any better this year. The Polish team didn't construct a competitive roster this offseason and making it to the Top 16 would be a huge surprise. On the other hand, it can't get any worse for Asseco Prokom.

4. When Khimki will end road losing streak in Euroleague?

Eurocup winners Khimki Moscow Region has been known as a home team, as its last Euroleague away win came against Caja Laboral in Vitoria back in 09-10 season. Khimki lost six road games in a row and eight out of its last nine. 

5. Did Besiktas have enough time for team-building?

EuroChallenge winners Besiktas brought in ten new players, a head coach and completely changed the face of the team. Of course, Besiktas beat Anadolu Efes to win the Presidential Cup, but as the Turkish championship hasn't started yet, the new-look Besiktas comes to the Euroleague with no games-that-matters experience.

6. Will we see the old Bostjan Nachbar this season?

Just a couple of years ago Brose Basket's Bostjan Nachbar was one of the best small forwards in Europe, but injuries have slowed down the Slovenian's career. As Nachbar demonstrated in preseason, he feels very comfortable in Bamberg, but there's a question is he ready to lead the lead and finally fight for an MVP award.

7. Can Andres Nocioni lead Caja Laboral to the Euroleague Final Four?

It's been more than four since since Caja Laboral last played in the Euroleague final four. After missing Top 16 last season, it didn't seem that Caja Laboral is moving in the right direction, but the acquisition of Andres Nocioni could change everything. Nocioni is back in the Euroleague after eight years break and will play his first game since April 2004.

8. Is Cedevita capable of creating a miracle in group C?

Anadolu Efes, Caja Laboral, Olympiakos, Zalgiris and EA7 Emporio Armani. Cedevita of Croatia will be competing in 'millionaires group C with clubs, which has intentions to go all the way to the Final Four. Cedevita made a great effort this offseason on building a competitive roster, but it might not be enough to kick off two of those five teams to advance to the Top 16.

9. Does Ettore Messina plus CSKA equals Euroleague titles?

Four-time Euroleague champion Ettore Messina is back in Moscow, where he won his last Euroleague title back in 2008. Messina didn't succeed in Spain with Real as he won only 56% Euroleague games they played, but coming back to Russia feels like a homecoming for Messina. And there's no better place to fight for the Euroleague trophy than at home.

10. How much more money does EA7 Emporio Armani need to spend to finally reach Top 8?

Last season, EA7 Emporio Armani, same as every year, spend millions of Euros to build a team capable of fighting for a spot in Euroleague final four. Unfortunately for Olimpia Milano fans, as always, the Italian team failed to meet the expectations and opened its pocket even wider this offseason. If Milan team won't make it to the Top 8 this season, how much more money they have to spend to finally do that?

11. Will we see a French team in Euroleague Top 16 in next five years?

2007 was the year when Pau-Orthez, made it to the Top 16, and all French clubs have failed to do repeat the feat in the following seasons. Elan Chalon doesn't have much of a chance to change the history this season and here comes the question is there going to be a French team, capable of making it out the regular season group.

12. What is easier for FC Regal Barcelona - beating an NBA team in a preseason game or making it to the Euroleague Final Four?

Some call European teams wining against NBA clubs 'historic', but it's become routine for FC Regal Barcelona to beat NBA in the preseason games marathon as they did that for the third time on Tuesday. After beating the 76ers in 2006, Lakers in 2010, the Mavericks were next on their list this season. However, after a sluggish start in Spanish Championship (0-2), there is confusion where FC Regal Barcelona stands now and will they sort out their problems during the Euroleague regular season.

13. Is the wait for Fenerbahce Ulker fans over?

Bo McCalebb is a game changer and their primary MVP candidate heading into Euroleague. He's teaming up in Istanbul again with familiar faces - Romain Sato, David Andersen and Simone Panigiani. Does that mean Fenerbahce Ulker finally found its saviors who will carry the Turkish club to the top?

14. Could the game against CSKA be the last for Aleksandar Dzikic?

Lietuvos Rytas was sluggish in preseason and had a rough start in VTB United League where they lost the last game against Spartak by 27 points. Over the next week, Lietuvos Rytas will be facing CSKA and FC Regal Barcelona and knowing how impatient the owners of Vilnius club can be, a terrible performance in Moscow might lead to the departure of head coach Aleksandar Dzikic.

15. Does Maccabi have enough talent to maintain the high standard?

Maccabi Tel Aviv doesn't seem to be as dominant on paper as they have in recent seasons. Six Maccabi players have never played in the Euroleague before. David Blatt will have a quite big challenge to maintain Maccabi among the elite with the talent he has right now.

16. Is Cantu going to be the best Italian team in this year's Euroleague?

It's not a big secret that with the departure of McCalebb, Montepaschi lost a big part of its strength and might not be as dominant as we have come to expect. That means Marpooro Cantu, which was in the Euroleague qualification, has a great chance to become the number one Italian team in Euroleague if they repeat their last season's success.

17. What is next for Montepaschi?

The post-McCalebb era has begun for Montepaschi, who have been king of Italian club basketball for years. After the core of team left for Turkey, Montepaschi, which has only six Italians on its squad, decided to rely on foreigners. It's a rebuilding year for Siena, but how painful is it going to be?

18. Would Olympiakos still be an underdog in the London Final Four?

Except for the head coach, the Euroleague champions maintained all main parts of its team to repeat their last season's success and everything seems to be bright for Olympiakos. Despite winning a championship, Olympiakos still seems to be an elite team without being elitist, but that could only benefit them in the long run.

19. What is going to be a post-Obradovic life for Panathinaikos?

Without question, Zeljko Obradovic had been a huge part of making Panathinaikos the most successful European club in the last decade. Four Euroleague titles speak for themself. But does the departure of Obradovic means that the glory days of Panathinaikos are over?

20. Which of the young Partizan stars will have the best season?

Partizan is full of talent this season, with players such as Leo Westermann, Bogdan Bogdanovic, Davis Bertans, Dejan Musli and many others. With coach Dusko Vujosevic back in Belgrade, who of these players will make an immediate impact for Partizan this season?

21. Will better bench depth lead Real to the final?

Real Madrid has everything it takes to accomplish big things in Euroleague this season. Talent, stars, size, experience and probably the best bench in the league. Most of Real's substitutes could be starting five members in nine out of ten others Euroleague clubs and that could be a decisive power in the playoffs.

22. Can Unicaja advance beyond the Top 16?

Clearly, it's difficult to see Unicaja not making it out of the group, especially as they'll compete with lower caliber teams like Asseco Prokom, Alba and Elan Chalon, but their chances to make a long run is less certain. Fran Vazquez is a great replacement for Joel Freeland, but Unicaja still has many problems, which have to be sorted.

23. Can a one million Euro budget team win a Euroleague game?

Union Olimpija don't have many things to be happy about. The Slovenian club's budget is just one million Euro and as there are not enough funds to sign high profile athletes, nine of its players have never played in the Euroleague before. Union Olimpija will compete in a tough group A and there's a huge chance Ljubljana club will finish its Euroleague season without a single win.

24. Will Zalgiris finally reach the Top 8?

It's the same old question, and it's the same story every season. It didn't matter how much talent Zalgiris had, they won just four matches in Top 16 since 2004 and holds an awful 4-32 record. This year, Zalgiris built a very strong team and brought in a new coach, Joan Plaza, but is this enough to break the curse?

We are in the middle of the Top-16 phase of the 2011-12 Euroleague competition, which makes it an opportune time to check in on the favorites to win MVP.

- All records and stats through Game 4 of Top-16

1. Andrei Kirilenko - CSKA (13-1 season, 3-1 in Top 16)

12.7 points (44% 3FG), 7.4 rebounds, 2.9 assists, 2.6 blocks in 29 minutes

There isn't a single thing that Andrei Kirilenko couldn't do in Euroleague this season and there's a feeling we haven't seen the best yet. It is more than clear that Kirilenko, who turned 31 on Saturday, is head and shoulders above the other MVP candidates.

2. Bo McCalebb - Montepaschi (12-2, 4-0)

18.1 points (72% 2FG, 60% 3FG), 2.5 rebounds, 3 assists in 27 minutes

The domination of American-born Macedonian Bo McCalebb continues. The 6-foot guard is living a dream since the last EuroBasket and just when you think he can't play any better, he proves you wrong. McCaleebb is absolutely the best offensive player in Europe and facts speak for themselves. The Montepaschi's leader, who ranks third in scoring and second in 2FG percentage, scored no less than 13 points in all Euroleague games this season.

3. Erazem Lorbek - FC Barcelona Regal (13-1, 4-0)

15.2 points (46% 3FG), 4.9 rebounds in 26 minutes

Yes, FC Barcelona Regal is still Navarro's team, but Erazem Lorbek's consistency has been the main weapon for the Spanish club this season. The Slovene collected 15 or more performance index rating (PIR) points in all four Top 16 games.

4. Henry Domercant - Unics (10-4, 3-1)

16.4 points (52% 3FG), 4.2 rebounds in 31 minutes

The 31-year-old veteran Henry Domercant, Euroleague MVP of January, is the engine of Unics offense and the key of their success. Domercant, who ranks fourth in scoring, has made at least one 3-pointer in all 14 Euroleague games this season. It seems that the guard feels more comfortable shooting from beyond the arc as Domercant already made 38 3-pointers compared to 28 shots from short-range.

5. Nenad Krstic - CSKA (13-1, 3-1)

15.4 points, 6.6 rebounds in 24 minutes

Before coming back to Europe, Nenad Krstic revealed the NBA season sometimes missed pressure and that was one of the reasons why he turned his career into Eurolegue, where every game matters. So far, Krstic is perfectly dealing with the pressure well, as he is the leading scorer of undoubtedly the best team in the league.

6. Dimitris Diamantidis - Panathinaikos (10-4, 3-1)

10.1 points (48% 3FG), 3.3 rebounds, 5.1 assists in 29 minutes

Definitely, Dimitris Diamantidis' teammates took some of the load from his shoulders compared to last season, but still, Diamantidis is probably the player in the Euroleague you would want to have on your team in clutch situations. 

7. Vassilis Spanoulis - Olympiacos (8-6, 2-2)

18.4 points (41% 3FG), 4.2. assists, 3.9 turnovers in 31 minutes

Before the start of the season, it seemed that Olympiacos would remain a shadow of its past but thanks to Vassilis Spanoulis, Piraeus team remains competitive. Same as last season, Spanoulis is one the best players in the Euroleague in terms of scoring, but at the same time, he leads the league in turnovers for the second season in row.

8. Marko Banic - Bilbao Basket (7-7, 2-2)

14.3 points, 3.9 rebounds in 26 minutes

Marko Banic, who has been playing for Bilbao since 2005, is having a Euroleague debut of dreams. Banic, the main reason of the team's success, is playing like a real MVP, while his team grabs stunning wins against teams like Real Madrid.

9. Nikola Mirotic - Real Madrid (10-4, 2-2)

12 points (45% 3FG), 4.2 rebounds in 23 minutes

While Jonas Valanciunas steals all the spotlight as the best young player in Europe, Chicago Bulls draftee Nikola Mirotic became a starting center and a game-changer for Real Madrid this season. A few amazing performances, for example, against Maccabi or Partizan, made Mirotic an MVP candidate. Bulls fans should be thrilled to see their future player successfully competing in Euroleague and Spanish league (Liga Endesa), the two best competitions in Europe.

10. Sonny Weems - Zalgiris (4-10, 0-4)

16 points, 5.2 rebounds, 3 turnovers in 30 minutes

There's no doubt that Sonny Weems has been one of the best signings of last summer among all Euroleague teams. Weems has everything it takes to be a team leader, but that still was not enough for Zalgiris, who's been struggling all season long.

Honorable Mentions: Jaycee Carroll, Real; Joel Freeland, Unicaja; Viktor Khryapa, CSKA; Terrell Lyday, Unics; Juan Carlos Navarro, FC Barcelona Regal; Demond Mallet, Maccabi; Vladimir Micov, Bennet.