The first stage took place between 10 October and 24 November 2013. Teams were divided into two zones. The top four teams from each zone competed in the Torneo Súper 8 that took place in December.
The second stage started on 28 November 2013. All 16 teams were ranked together. Each team carried over half of the points obtained in the first stage.
The Playoffs started on 9 April 2014 and ended on 5 June 2014. Peñarol defeated Regatas Corrientes in the Finals and won their fifth title. Both teams were qualified for the 2015 FIBA Americas League. Since Peñarol had also qualified to the 2014 Liga Sudamericana de Básquetbol after winning the Torneo Súper 8, their berth was given to the next best team that was not qualified yet, in this case Libertad.