Notable occurrences

• PBA Commissioner Rudy Salud, stepped down from his post, after four successful years of guiding the league at its highest level, PBA chairman Rey Marquez succeeded Atty.Salud as the new PBA Commissioner.
• The ULTRA, PBA's playing venue, was renamed NASA, now controlled by the Philippine Sports Commission
  Philippine Sports Commission
  The Philippine Sports Commission was created through Republic Act No. 6847 in 1990 to serve as the "sole policy-making and coordinating body of all amateur sports development programs and institutions in the Philippines"...
  
   (PSC), by the end of the year, the league left the Pasig Arena after 8 years of cherish memories, great wars and rivalries, and moved over to a bigger venue, the newly-built Cuneta Astrodome in Pasay City the following season.
• The PBA suffered in gate attendance, with lean crowds watching the games during the All-Filipino, among several factors were the absence of crowd-drawer Ginebra San Miguel from the semis, and the deteriorating venue, the league introduced the Whiplash dancers during halftime to entertain the fans watching live.
• League mourns the passing of the great sportscaster Joe Cantada
  Joe Cantada
  "Smokin'" Joe Cantada, born Jose Maria Cantada was a Filipino TV host, anchor & commentator. He died of lung cancer in March 1992....
  
   who succumbed to cancer on March 22.
• San Miguel Beer returned to the PBA finals after a two-year absence, won the All-Filipino crown.
• Swift Mighty Meaties found an import known as the "Hurricane" Tony Harris, who scored 105 points in a game, and led Swift to its first championship.
• Tommy Manotoc returns as bench tactician, taking over Jimmy Mariano, who resigned as coach of Presto Ice Cream after the All-Filipino Conference.
• The Gokongwei franchise, one of the two remaining pioneers in the PBA, formally bid goodbye after 18 years of being part of Asia's play for pay league, Presto Ice Cream Kings played its last official PBA game on a losing cause to Seven-Up on November 5.

Champions

• First Conference: Shell Rimula-X
  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...
  
  
• All-Filipino Conference: 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...
  
  
• Third Conference: Swift Mighty Meaties
  Pop Cola Panthers
  The Pop Cola Panthers is a former Philippine Basketball Association team from 1990-2001 under the ownership of Cosmos Bottling Corporation, a subsidiary of RFM Corporation. Cosmos was sold to Coca-Cola Bottlers Philippines, Inc., then-owned by San Miguel Corporation in 2001 which also includes the...
  
  

• Team with best win-loss percentage: Swift (43-26, .623)

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....
  
  : Ato Agustin
  Ato Agustin
  Renato Agustin , better known as Ato "The Atom Bomb" Agustin, is a former Filipino professional basketball player. He played college ball for the Lyceum of the Philippines, before moving on to play professional basketball in the Philippine Basketball Association.Agustin is a former Most Valuable...
  
   (San Miguel)
• Rookie of the Year
  Philippine Basketball Association Rookie of the Year award
  -List of awardees:...
  
  : Bong Ravena (San Miguel)
• Most Improved Player: Pido Jarencio (Ginebra)
• Mythical Five:
  • Al Solis (Swift)
  • Ato Agustin
    Ato Agustin
    Renato Agustin , better known as Ato "The Atom Bomb" Agustin, is a former Filipino professional basketball player. He played college ball for the Lyceum of the Philippines, before moving on to play professional basketball in the Philippine Basketball Association.Agustin is a former Most Valuable...
    
     (San Miguel)
  • 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...
    
     (San Miguel)
  • Alvin Patrimonio
    Alvin Patrimonio
    Alvin Vergara Patrimonio , nicknamed "The Captain" and "Captain Lionheart" is a retired Filipino professional basketball player from the Philippine Basketball Association and is the current team manager of his former team, the Purefoods Tender Juicy Giants.Patrimonio holds several PBA records...
    
     (Purefoods)
  • Nelson Asaytono
    Nelson Asaytono
    Nelson Asaytono is a retired professional basketball player of the Philippine Basketball Association, also known as "The Bull" for his monster dunks...
    
     (Swift)

• Mythical Second Team:
  • Ronnie Magsanoc
    Ronnie Magsanoc
    Ronald "Ronnie" Magsanoc is a former Filipino professional basketball point guard. He was the former assistant coach of the Purefoods Tender Juicy Giants and a color commentator for the television coverage of the Philippine Basketball Association...
    
     (Shell)
  • Elmer Cabahug (Purefoods)
  • Benjie Paras
    Benjie Paras
    Venancio Johnson Paras, Jr. , better known as Benjie Paras, is a Filipino professional basketball player of the Philippine Basketball Association turned actor. He is the only PBA player to win both Rookie of the Year and Most Valuable Player honors, in a single season...
    
     (Shell)
  • Jerry Codiñera
    Jerry Codiñera
    Jerry Codiñera is a retired professional basketball player of the Philippine Basketball Association. He is nicknamed the "Defense Minister" for his prowess at the defensive end. He is also a member of the 25 Best Players of all Time of PBA and Philippine men's national basketball team of the 1994...
    
     (Purefoods)
  • Alvin Teng (San Miguel)

• All-Defensive Team:
  • Jerry Codiñera
    Jerry Codiñera
    Jerry Codiñera is a retired professional basketball player of the Philippine Basketball Association. He is nicknamed the "Defense Minister" for his prowess at the defensive end. He is also a member of the 25 Best Players of all Time of PBA and Philippine men's national basketball team of the 1994...
    
     (Purefoods)
  • Glenn Capacio (Purefoods)
  • Alvin Teng (San Miguel)
  • Art dela Cruz (San Miguel)
  • 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)