[11] Lietkabelis also reached the 2017 King Mindaugas Cup finals, also losing to Žalgiris 63:84. [12] During the season, and the playoffs, Lietkabelis broke many attendance records in Panevėžys. The debut EuroCup season performance was not less pleasant for the club. On 12 October 2016, Donatas Tarolis buzzer-beater guaranteed Lietkabelis first 89–88 EuroCup victory in the history of the club against KK MZT Skopje. [13] Lietkabelis continued their success in Zagreb, defeating the Croatian champions KK Cedevita 80–76.
[3] In January 2012, the team's old name, Lietkabelis, was restored. [4] 2015–2020: resurgence and participating in European competitions[edit] Jurica Žuža, former player of the Panathinaikos B. C., with teammates of the Lietkabelis Panevėžys in 2015 On 29 July 2015, the club was invited to join the FIBA Europe Cup tournament, which is the alternative version of the 2nd tier European tournament EuroCup, organized by FIBA.
During Vainauskas tenure, Lietkabelis also defeated Rytas in an away match in Vilnius, 94:83. During December–March, turmoil followed - Kariniauskas was released in controversial fashion, the results continued to decline at an enormous rate. Lietkabelis only won two games out of seven in the second round of the Champions League, finishing with a 5–9 record, fifth place, and out of the playoffs. In the LKL, Lietkabelis struggled so much, that cross-town rival BC Pieno žvaigždės actually tied for fourth place and for a brief time, Lietkabelis fell to fifth. The signing of Ike Iroegbu helped the team. Lietkabelis won third place in the King Mindaugas Cup.
During these times, Panevėžys club, trained by R. Sargūnas and V. Paškauskas from 1964 to 1996, became Lithuania's champions twice (1985, 1988), won third place three times (1983, 1984 and 1991) and qualified into the Lithuania's Cup competition finals two times (1985, 1986). Other performances are as follows: 1964, 1965, 1968 and 1989 – 5th places, 1966 and 1969 – 6th places, 1970, 1971, 1980, 1986 and 1993 – 7th places, 1973 and 1977 – 11-12 places, 1975 – 11th place, 1976 – 9-10 places, 1979 – 9th place, 1981 – 8th place and 1982, 1987, 1990, 1992 – 4th places.
Success against BC Neptūnas and BC Rytas, who Lietkabelis beat in the season series, helped Lietkabelis regain fourth place, at 23–13. Valinskas heavily improved during this time, becoming one of the team leaders. Lietkabelis beat Pieno žvaigždės 2:0 in the quarterfinals. In the LKL semifinals, Lietkabelis was no match against Žalgiris Kaunas, losing 0:2. In the third place series, Lietkabelis lost to Neptūnas 0:3. During the summer, Kupšas, Dimec, Wilson, Tarolis, Valinskas and Iroegbu all left the team. Lietkabelis signed Martynas Sajus, Femi Olujobi and Željko Šakić as the front court. Lietkabelis also signed Tomas Lekūnas, from BC Pieno žvaigždės, and Tomas Dimša from BC Juventus, and Gabrielius Maldūnas from BC Nevėžis, who had great games against Lietkabelis in the previous LKL season.
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[5] However, just before the drawning[clarification needed] ceremony, it was announced that 56 teams would participate instead of 64 and Lietkabelis was not one of these. [6] On 21 July 2016, Lietkabelis was invited to play in the 2016–17 EuroCup season. The club previously registered again in the FIBA Europe Cup. [7] Following it, the team signed notable veterans: Mindaugas Lukauskis, Kšyštof Lavrinovič and Darjuš Lavrinovič who formed the core of the team. [8] The positive preseason resulted in record sales of over 700 season tickets just on the sales opening day. [9] The LKL season began historically by defeating Žalgiris Kaunas 90–86 for the first time after 16 years. [10] This season became the best one in club history - Lietkabelis had astonishing victories over Žalgiris, BC Lietuvos rytas and BC Neptūnas, the top teams in Lithuania. In the playoffs, Lietkabelis beat BC Vytautas in the quarterfinals 3:0, then shocked Lietuvos rytas 3:1 in the semifinals before losing to Žalgiris in the LKL finals 1:4.
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