| Nextseason: | 2012–13 |
| FIBA EuroChallenge | |
| Season: | 2011–12 |
| T Bg: |
|
| Champions: |  Beşiktaş Milangaz (1st title) |
| Runners Up: |  Élan Chalon |
| Third Place: |  Triumph Lyubertsy |
| Fourth Place: | Szolnoki Olaj |
| Teams: | 32 |
| Duration: | 8 November 2011 – 29 April 2012 |
| Ppg: | 20.1 |
| Rpg: | 11.8 |
| Apg: | 8.8 |
2011–12 FIBA EuroChallenge was the eighth edition of Europe's third-tier level transnational men's professional club basketball FIBA EuroChallenge Tournament, organized by FIBA Europe.
The labels in the parentheses show how each team qualified for the place of its starting round.
| Regular season | |||||||
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| Qualifying round | |||||||
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|-|align=right| Spartak Primorye || 141–147 || align=left| Enisey || 75–58 || 66–89|-|align=right| Triumph Lyubertsy || 168–151 || align=left| Krasnye Krylya || 94–71|| 74–80|-|align=right| Sokhumi 
|| 157–175 || align=left| 
Minsk-2006 || 94–78 || 63–97|-|align=right| Atomerőmű SE 
|| 155–128 || align=left| 
Arkadia Traiskirchen Lions || 70–48 || 80–85|-|align=right| Tampereen Pyrintö 
|| 134–137 || align=left| Szolnoki Olaj ||77–69 || 57–68|-|}
The 32 teams are drawn into eight groups of four. In each group, teams play against each other home-and-away in a round-robin format. The group winners and runners-up advance to the last 16, while the third-placed teams and fourth-placed teams are eliminated.
If teams in the same group finished tied on points at the end of the regular season, tiebreakers were applied in the following order:
The sixteen teams were divided in four groups of four. In each group, teams play against each other home-and-away in a round-robin format. The group winners and runners-up advance to the quarterfinals, while the third-placed teams and fourth-placed teams are eliminated.
The eight teams that advanced from the last 16 be played in a best-of-three playoff format. Matches were played on 13, 15 and 20 March. Team 1 played the first and the third game (if necessary) at home.|}
See main article: article and 2012 FIBA EuroChallenge Final Four. The Final Four was held from 27 until 29 April 2012 in the Főnix Hall at Debrecen, Hungary.[1]
| Round | width=190 | Player | width=190 | Team | |
|---|---|---|---|---|---|
| 1 | 36 | ||||
| 2 | 33 | ||||
| 3 | 44 | ||||
| 4 | 34 | ||||
| 5 | 40 | ||||
| 6 | 31 | ||||
| Round | width=190 | Player | width=190 | Team | |
|---|---|---|---|---|---|
| 1 | 30 | ||||
| Pınar Karşıyaka | |||||
| Artland Dragons | |||||
| 2 | 36 | ||||
| 3 |  Jovo Stanojević (2) | 37 | |||
| 4 | 32 | ||||
| 5 | 33 | ||||
| 6 | 31 |
| Round | width=190 | Player | width=190 | Team | |
|---|---|---|---|---|---|
| 1 |  Kyle Landry (2) | 27 | |||
| 2 |  Pops Mensah-Bonsu (2) | 39 | |||
| 3 | Obie Trotter (2) | 28 | |||