Criteria
The award is not voted on by anyone. It is determined by a statistical formula, called either the Performance Index Rating, or the Performance Index Ranking (PIR) by the Euroleague, and also known as either Evaluation or Valuation, in some European domestic basketball leagues.
The Performance Index Rating also includes the Blocked Shots Against stat (the number of field goal attempts that a player has blocked). The stat's formula is (Points + Rebounds + Assists + Steals + Blocks + Fouls Drawn) - (Missed Field Goals + Missed Free Throws + Turnovers + Shots Rejected + Fouls Committed). The Performance Index Rating stat is not commonly used by the NBA or FIBA. The Performance Index Rating (PIR), is not the same stat as the NBA Player Efficiency (EFF), or the John Hollinger Player Efficiency Rating (PER) or Game Score stats, although it is often mistaken to be.
Prior to the Euroleague 2011-12 season, the award was given to the player that had the week's highest PIR score. However, starting with the Euroleague 2011-12 season, the award's criteria were changed; with the award to go to the player from a winning team, who had the week's highest PIR score. So, a player could have the league's highest PIR score for that week, but not win the weekly MVP award, if his team lost their game that week.
Read more about this topic: Euroleague Weekly MVP Award
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