Juan Carlos Navarro, the only remaining player from Barcelona’s 2003 Euroleague-winning squad, was named Final Four MVP after leading the charge with 21 points.
Pete Mickeal added 14 and Fran Vazquez set a title game record with 4 blocked shots as the Barcelona defense limited the top scoring team in the Euroleague this season to 68 points, matching its season low. The Reds never led again after a 5-6 start as the Barcelona defense held Olympiacos below 20 points in all four quarter.
Ricky Rubio added 9 points for the freshly crowned champs, led by head coach Xavi Pascual.
Olympiacos, which beat Barcelona for its only Euroleague title in 1997, got 15 points from Josh Childress. Linas Kleiza added 13 points, Theo Papaloukas had 12 and new Euroleague MVP Milos Teodosic was held to 10.