Notable Occurrences

• Manila Beer Brewmasters disbanded its franchise, reducing the membership to only 6 teams, their players were absorbed by the rest of the PBA ballclubs.
• The PBA, in partnership with a newly-formed league in the United States for players 6-4 and below called International Basketball Association (IBA), staged a successful mini-tournament for one week, featuring the top PBA All-Filipino teams and the US (IBA) Selection.
• Tanduay Rhummakers, who had won the Open Conference crown, were eliminated and finished last in the succeeding two conferences, announced that the team is headed for disbandment, leaving only two founding members of the PBA.

Team standings

#	|Team	W	L	PCT Winning percentage In sports, a winning percentage is the fraction of games or matches a team or individual has won. It is defined as wins divided by wins plus losses . Ties count as a ½ loss and a ½ win...	GB Games behind In sports, the phrase games behind or games back , is a common way to reflect the gap between a leading team and another team in a sports league, conference, or division...	PO One-game playoff A one-game playoff, sometimes known as a pennant playoff or play-in game, is a tiebreaker in certain sports—usually but not always professional—to determine which of two teams, tied in the final standings, will qualify for a post-season tournament...
1	Great Taste Coffee Makers Great Taste Coffee Makers Great Taste Coffee was one of the Pioneer teams in the Philippine Basketball Association . The company was then known as the Consolidated Foods Corporation and their chief products included well known brands like Presto Ice Cream, N-Rich Coffee Cream, Jack & Jill Fun Snacks, Great Taste Coffee...	10	2	.833	–-
2	Magnolia Ice Cream Makers San Miguel Beermen The Petron Blaze Boosters is a professional basketball team in the Philippine Basketball Association. The team has been a member of the league since its inception in 1975 and hold the most PBA titles with 19.The team is owned by the Petron Corporation, a subsidiary of the Philippines' largest food...	9	3	.750	1.0
3	Tanduay Rhum Makers Tanduay Rhum Masters The Tanduay Rhum Masters is a former Manila Industrial and Commercial Athletic Association , Philippine Basketball Association and Philippine Basketball League basketball team.-History:...	9	3	.750	1.0
4	Ginebra San Miguel Barangay Ginebra Kings The Barangay Ginebra Kings is a professional basketball team of the Philippine Basketball Association founded in 1979 and owned by the Ginebra San Miguel, Inc., a subsidiary of the San Miguel Corporation...	6	6	.500	4.0
5	Hills Bros. Coffee Kings Alaska Aces (PBA) The Alaska Aces is a professional basketball team in the Philippine Basketball Association since 1986 under the ownership of the Alaska Milk Corporation and the owner of 13 PBA championships with the 2010 PBA Fiesta Conference as their latest...	4	8	.333	6.
6	Formula Shell Spark Aiders Shell Turbo Chargers The Shell Turbo Chargers is a former Philippine Basketball Association team under the ownership of Pilipinas Shell Corporation. Shell has been a member of the PBA since 1985 until 2005 when the team filed for a leave of absence after the season. Shell sold its franchise to PBL team Welcoat Paints...	2	10	.167	8.0
7	RP Team	2	10	.167	8.0

Finals results

• Open Conference Finals
  1987 PBA Open Conference Finals
  The 1987 PBA Open Conference Finals is the best-of-7 series basketball championship of the 1987 PBA Open Conference, and the conclusion of the conference's playoffs...
  
  : (3) Tanduay Rhum Makers
  Tanduay Rhum Masters
  The Tanduay Rhum Masters is a former Manila Industrial and Commercial Athletic Association , Philippine Basketball Association and Philippine Basketball League basketball team.-History:...
  
   (9-3) def. (1) Great Taste Coffee Makers
  Great Taste Coffee Makers
  Great Taste Coffee was one of the Pioneer teams in the Philippine Basketball Association . The company was then known as the Consolidated Foods Corporation and their chief products included well known brands like Presto Ice Cream, N-Rich Coffee Cream, Jack & Jill Fun Snacks, Great Taste Coffee...
  
   (10-2), 4 games to 1.
• Third place: Magnolia
  San Miguel Beermen
  The Petron Blaze Boosters is a professional basketball team in the Philippine Basketball Association. The team has been a member of the league since its inception in 1975 and hold the most PBA titles with 19.The team is owned by the Petron Corporation, a subsidiary of the Philippines' largest food...
  
   (def. Ginebra
  Barangay Ginebra Kings
  The Barangay Ginebra Kings is a professional basketball team of the Philippine Basketball Association founded in 1979 and owned by the Ginebra San Miguel, Inc., a subsidiary of the San Miguel Corporation...
  
   4-1 in a best-of-seven playoff)
• Best Import of the Conference: David Thirdkill
  David Thirdkill
  David Thirdkill is a retired American basketball player who was selected by the Phoenix Suns in the 1st round of the 1982 NBA Draft. A small forward from the College of Southern Idaho and Bradley University, Thirdkill played in five NBA seasons from 1982 to 1987...
  
   (Tanduay
  Tanduay Rhum Masters
  The Tanduay Rhum Masters is a former Manila Industrial and Commercial Athletic Association , Philippine Basketball Association and Philippine Basketball League basketball team.-History:...
  
  )

Team standings

Finals results

• All-Filipino Cup
  1987 PBA All-Filipino Cup Finals
  The 1987 PBA All-Filipino Conference Finals is the best-of-5 basketball championship series of the 1987 PBA All-Filipino ConferenceThe Great Taste Coffee Makers won their fifth title, defeating the Hills Bros.Coffee Kings, via 3-0 sweep.-Finals Highlights:...
  
  : (1) Great Taste Coffee Makers
  Great Taste Coffee Makers
  Great Taste Coffee was one of the Pioneer teams in the Philippine Basketball Association . The company was then known as the Consolidated Foods Corporation and their chief products included well known brands like Presto Ice Cream, N-Rich Coffee Cream, Jack & Jill Fun Snacks, Great Taste Coffee...
  
   (5-3) def. (1) Hills Bros. Coffee Makers
  Alaska Aces (PBA)
  The Alaska Aces is a professional basketball team in the Philippine Basketball Association since 1986 under the ownership of the Alaska Milk Corporation and the owner of 13 PBA championships with the 2010 PBA Fiesta Conference as their latest...
  
   (5-3), 3 games to 0.
• Third place: Magnolia
  San Miguel Beermen
  The Petron Blaze Boosters is a professional basketball team in the Philippine Basketball Association. The team has been a member of the league since its inception in 1975 and hold the most PBA titles with 19.The team is owned by the Petron Corporation, a subsidiary of the Philippines' largest food...
  
   (def. Ginebra
  Barangay Ginebra Kings
  The Barangay Ginebra Kings is a professional basketball team of the Philippine Basketball Association founded in 1979 and owned by the Ginebra San Miguel, Inc., a subsidiary of the San Miguel Corporation...
  
   3-0 in a best-of-five playoff)

Team standings

Finals results

• Reinforced Conference Finals
  1987 PBA Reinforced Conference Finals
  The 1987 PBA Reinforced Conference Finals is the best-of-7 series basketball championship of the 1987 PBA Reinforced Conference, and the conclusion of the conference's playoffs. The San Miguel Beermen and the Hills Bros...
  
  : (2) San Miguel Beermen
  San Miguel Beermen
  The Petron Blaze Boosters is a professional basketball team in the Philippine Basketball Association. The team has been a member of the league since its inception in 1975 and hold the most PBA titles with 19.The team is owned by the Petron Corporation, a subsidiary of the Philippines' largest food...
  
   (6-4) def. (2) Hills Bros. Coffee Kings
  Alaska Aces (PBA)
  The Alaska Aces is a professional basketball team in the Philippine Basketball Association since 1986 under the ownership of the Alaska Milk Corporation and the owner of 13 PBA championships with the 2010 PBA Fiesta Conference as their latest...
  
   (6-4), 4 games to 1.
• Third place: Ginebra
  Barangay Ginebra Kings
  The Barangay Ginebra Kings is a professional basketball team of the Philippine Basketball Association founded in 1979 and owned by the Ginebra San Miguel, Inc., a subsidiary of the San Miguel Corporation...
  
   (def. Shell
  Shell Turbo Chargers
  The Shell Turbo Chargers is a former Philippine Basketball Association team under the ownership of Pilipinas Shell Corporation. Shell has been a member of the PBA since 1985 until 2005 when the team filed for a leave of absence after the season. Shell sold its franchise to PBL team Welcoat Paints...
  
   4-0 in a best-of-seven playoff)
• Best Import of the Conference: Bobby Parks
  Bobby Parks
  Bobby Ray Parks is an American professional basketball player from Grand Junction, Tennessee. He played for Memphis State University during the 1980s and played internationally in France and the Philippines...
  
   (San Miguel
  San Miguel Beermen
  The Petron Blaze Boosters is a professional basketball team in the Philippine Basketball Association. The team has been a member of the league since its inception in 1975 and hold the most PBA titles with 19.The team is owned by the Petron Corporation, a subsidiary of the Philippines' largest food...
  
  )

Individual awards

• Most Valuable Player
  Philippine Basketball Association Most Valuable Player award
  The Philippine Basketball Association awards the Most Valuable Player award at the end of the season. The winner is selected via votes from the press, players, coaches and top PBA officials....
  
  : Abet Guidaben
  Abet Guidaben
  Alberto "Abet" Guidaben is a former Philippine Basketball Association basketball player. He was part of the fabled Crispa Redmanizers ballclub that won two Grand Slams, in 1976 and 1983...
  
   (San Miguel)
• Rookie of the Year
  Philippine Basketball Association Rookie of the Year award
  -List of awardees:...
  
  : Allan Caidic
  Allan Caidic
  Alan Vito Flores Caidic is a retired professional basketball player from the Philippines and is currently an assistant coach of the Barangay Ginebra Kings in the PBA...
  
   (Great Taste)
• Most Improved Player: Yoyoy Villamin (Hills Bros.)
• Mythical Five:
  • Philip Cezar
    Philip Cezar
    Philip "The Scholar" Cezar is a former Philippine Basketball Association basketball player. He was part of the fabled Crispa Redmanizers ballclub that won two Grand Slams, in 1976 and 1983. He won the Most Valuable Player award in 1980. He was also a many-time Philippine national team player in...
    
     (Great Taste)
  • Hector Calma
    Hector Calma
    Hector Calma is a retired Filipino professional basketball player. At 5 feet and 6 inches, he played at the point guard position and was most notably associated with the San Miguel Beer team of the Philippine Basketball Association....
    
     (San Miguel)
  • Abet Guidaben
    Abet Guidaben
    Alberto "Abet" Guidaben is a former Philippine Basketball Association basketball player. He was part of the fabled Crispa Redmanizers ballclub that won two Grand Slams, in 1976 and 1983...
    
     (San Miguel)
  • Yoyoy Villamin (Hills Bros.)
  • Allan Caidic
    Allan Caidic
    Alan Vito Flores Caidic is a retired professional basketball player from the Philippines and is currently an assistant coach of the Barangay Ginebra Kings in the PBA...
    
     (Great Taste)

• Mythical Second Team:
  • Ricardo Brown
    Ricky Brown (basketball)
    Ricardo Vidal Brown , also known as Ricky Brown, is a former Filipino American professional basketball player. He was drafted by the Houston Rockets in the 3rd Round of the NBA Draft. Brown played college ball at Pepperdine University, where he was All-West Coast his Junior and Senior years, and...
    
     (Great Taste)
  • Arnie Tuadles
    Arnie Tuadles
    Arnulfo "Arnie" Tuadles was a Filipino basketball player who once played for the fabled Philippine Basketball Association team Toyota Super Corollas. He began his career brightly as a stalwart in the MICAA, playing for the Manilabank Golden Bankers in the mid-70s before peddling his wares with the...
    
     (Great Taste)
  • Ramon Fernandez
    Ramón Fernández
    Ramon S. Fernandez is generally regarded as the greatest basketball player produced by the Philippine Basketball Association. Fernandez won four Most Valuable Player awards and a record of 19 PBA championships bagged...
    
     (Tanduay)
  • Bernie Carpio (Great Taste)
  • Ricky Relosa (Hills Bros.)

• All-Defensive Team:
  • Chito Loyzaga
    Chito Loyzaga
    Joaquin C. Loyzaga is a former Filipino basketball player. He played college ball for San Beda College before eventually going on to play professional basketball in the Philippine Basketball Association, where he became a many-time member of the All-Defensive team. Loyzaga played for Tanduay,...
    
     (Ginebra)
  • Philip Cezar
    Philip Cezar
    Philip "The Scholar" Cezar is a former Philippine Basketball Association basketball player. He was part of the fabled Crispa Redmanizers ballclub that won two Grand Slams, in 1976 and 1983. He won the Most Valuable Player award in 1980. He was also a many-time Philippine national team player in...
    
    (Shell)
  • Yoyoy Villamin (Manila Beer)
  • Ricky Relosa (Hills Bros.)
  • Biboy Ravanes (Shell)