A total of 32 teams participated in the Regular Season, divided into four groups with 8 clubs. Eight best teams by efficiency (percentage of game winning) from the Regular season (regardless of the position in the group) had formed Superleague, from which all of the teams later automatically qualified to Championship playoffs . The rest of the teams from Regular Season were moved into the three newly formed groups (A, B and C).
It started on 22 October 1994 and ended in on 24 December 1994.[1]
In this season, 12 teams qualified to the playoffs (8 teams from the Superleague and 4 best placed teams from the other competition groups - Iva Omega, Radnički CIP, Mornar VOLI and Beobanka).[2]