The team started the 21st century with Duško Ivanović on the bench. In his first year, they then found quick success in the newly reborn EuroLeague. With a deep roster featuring Elmer Bennett, Saulius Štombergas, Victor Alexander, Fabricio Oberto and a young Luis Scola, Baskonia reached the 2001 Euroleague Finals, before losing to Virtus Bologna in the fifth and final game on the road. With winning momentum and the additions of Dejan Tomašević and Andrés Nocioni, the team achieved its first double in the next season, with another Spanish King's Cup trophy and its first Spanish League title ever. Baskonia snatched two more Spanish King's Cups, in 2004 and 2006, as Luis Scola and Pablo Prigioni played decisive roles, and success followed the team in the EuroLeague. Baskonia's arrival to its first EuroLeague Final Four in 2005 couldn't have been louder, as the team upset favored host CSKA Moscow in the semifinals, but couldn't overcome defending champ Maccabi in the title game.