yes, you are right.

right now they are still among top 10 in euroleague. 7 games remain(1 today). So it is still possible to advance directly to playoffs. Or to play in play-in in order to get to playoffs. Or worst case they could still miss playoffs entirely. I don't even want to imagine the last case. This season they have really good team and are playing well so missing even a play-in would be a complete disaster.