1986–87 FIBA European Champions Cup

Competition system

• 26 teams, playing in a tournament system, played knock-out rounds on a home and away basis. The aggregate score of both games decided the winner.
• The six remaining teams after the knock-out rounds entered a Semifinal Group Stage, which was played as a round-robin. The final standing was based on individual wins and defeats. In the case of a tie between two or more teams after the group stage, the following criteria was used: 1) number of wins in one-to-one games between the teams; 2) basket average between the teams; 3) general basket average within the group.
• The winner and the runner-up of the Semifinal Group Stage qualified for the final, which was played at a predetermined venue.

  Preliminary round

First round

Second round

Semifinal group stage

	Team	Pld	Pts	W	L	PF	PA
1.	Tracer Milano	10	17	7	3	870	814
2.	Maccabi Elite Tel Aviv	10	17	7	3	861	820
3.	Orthez	10	16	6	4	809	822
4.	Zadar	10	14	4	6	819	831
5.	Žalgiris	10	13	3	7	821	862
6.	Real Madrid	10	13	3	7	862	893

Final

Awards

FIBA [European [Champions Cup">EuroLeague Finals Top Scorer">FIBA [European [Champions Cup Finals Top Scorer]]

• Lee Johnson