 After an unexpected failure to reach the EuroLeague Top 8 in the 1998–99 season, Alvertis won one more Greek League title.Panathinaikos beat Olympiacos in the finals, after breaking home court advantage and winning the decisive Game 5 in the Peace and Friendship Stadium.In the 1999–00 season, having missed an important part of the season due to an injury, Alvertis still came back on time.