The event will take place between April 18 and 20.
"Cyprus is a fast growing basketball country and we are very happy to be able to bring the Final Four to Limassol," said FIBA Europe President George Vassilakopoulos.
"I'm sure it will be a great event both on the floor and off for fans and players alike."
"Having hosted the EuroCup All Star game four straight years Proteas are perfectly suited to organize an event like this," commented FIBA Europe Secretary General Nar Zanolin.
FIBA Europe and ULEB also reached an agreement to more closely integrate Europe's three men's basketball competitions. The new system, agreed upon in principle will include elimination rounds leading to two 32 team competitions in addition to Euroleague.
The major points of the amended agreement include:
1. The elimination rounds will be administered by FIBA Europe and will be played under FIBA Europe eligibility rules.
2. The second and third competitions (featuring 32 teams each) will run on a parallel calendar during the season.
3. There will be promotion from the third competition to the second competition beginning in the 2009-2010 season.
4. The name of Euroleague will remain while the other two competitions will be renamed in the near future.
