Season Highlights

• The PBA is in their toughest challenge for the year, with the formation of a new league called Metropolitan Basketball Association
  Metropolitan Basketball Association
  The Metropolitan Basketball Association or Metroball was a professional basketball league in the Philippines founded in 1998.The MBA overtook the Philippine Basketball Association's plans on regionalization when the league adopted a home-and-away format where teams, instead of representing...
  
  , backed by the giant network ABS-CBN, is perceived to be a threat to the 24-year existence of the PBA.
• Alaska won two titles during the season and the Philippine Centennial Team
  Philippine Centennial Team
  The Philippine Centennial Team was the nickname of the Philippine Basketball Association -backed national basketball team in 1998. The team consists of professional players in the country that includes national team veterans Allan Caidic and Alvin Patrimonio, both sharing the distinction of being...
  
   represented the country in the 1998 Asian Games
  1998 Asian Games
  The 13th Asian Games were held from December 6 to December 20, 1998 in Bangkok, Thailand. This was the first time that Thailand bid for the event after it shouldered the two postponed hosting rights in 1970 and 1978.-Emblem:...
  
  .
• This is the only season that features four conferences, with the addition of the Centennial Cup
  1998 PBA Centennial Cup
  -See also:* 1998 PBA season...
  
  , in celebration of the centennial anniversary of Philippine independence.
• The Philippine Centennial Team
  Philippine Centennial Team
  The Philippine Centennial Team was the nickname of the Philippine Basketball Association -backed national basketball team in 1998. The team consists of professional players in the country that includes national team veterans Allan Caidic and Alvin Patrimonio, both sharing the distinction of being...
  
   became a guest team in one conference in preparation for the 1998 Asian Games
  1998 Asian Games
  The 13th Asian Games were held from December 6 to December 20, 1998 in Bangkok, Thailand. This was the first time that Thailand bid for the event after it shouldered the two postponed hosting rights in 1970 and 1978.-Emblem:...
  
  .

Champions

• All-Filipino Cup: Alaska Milkmen
  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...
  
  
• Commissioner's Cup: Alaska Milkmen
  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...
  
  
• Centennial Cup
  1998 PBA Centennial Cup
  -See also:* 1998 PBA season...
  
  : Mobiline Phone Pals
• Governor's Cup: Formula Shell Zoom Masters
  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...
  
  

• Team with best win-loss percentage: Alaska Milk (45-21, .621)

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....
  
  : Kenneth Duremdes
  Kenneth Duremdes
  Kenneth Duremdes is a Filipino professional basketball player in the Philippine Basketball Association who currently plays for the Powerade Tigers...
  
   (Alaska)
• Rookie of the Year
  Philippine Basketball Association Rookie of the Year award
  -List of awardees:...
  
  : Danny Ildefonso
  Danny Ildefonso
  Danilo Ildefonso is a Filipino professional basketball player for the Petron Blaze Boosters in the Philippine Basketball Association. Nicknamed Danny I and The Demolition Man, Ildefonso is a two-time PBA Most Valuable Player in 2000 and 2001...
  
   (San Miguel)
• Sportsmanship Award: Freddie Abuda
  Freddie Abuda
  Freddie Abuda is a former Philippine Basketball Association player. He was drafted by Purefoods, then known Coney Island Ice Cream, in the 2nd round as the 10th overall pick....
  
   (San Miguel)
• Most Improved Player: Patrick Roy Fran (Mobiline)
• Defensive Player of the Year: Chris Jackson (Formula Shell)
• Mythical Five
  • Johnny Abarrientos
    Johnny Abarrientos
    Johnny Abarrientos is a retired Filipino professional basketball player in the Philippine Basketball Association. He was also a many-time member of the Philippine National team, and was the 1996 PBA MVP, becoming the shortest player to win the league's highest individual award.He is known by many...
    
     (Alaska)
  • 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)
  • 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)
  • Jojo Lastimosa
    Jojo Lastimosa
    Isabelo Lastimosa, Jr. , better known as Jojo Lastimosa and by his nickname "Jolas", is a former Filipino professional basketball player from Cagayan de Oro City who played in the Philippine Basketball Association for the Purefoods TJ Hotdogs, the Alaska Aces and the Pop Cola Panthers from 1988-2003...
    
     (Alaska)
  • Kenneth Duremdes
    Kenneth Duremdes
    Kenneth Duremdes is a Filipino professional basketball player in the Philippine Basketball Association who currently plays for the Powerade Tigers...
    
     (Alaska)
• Mythical Second Team
  • Rodericko "Olsen" Racela
    Olsen Racela
    , better known as , is a retired Filipino professional basketball player in the Philippine Basketball Association. He is also a part time analyst, assistant coach of the Petron Blaze Boosters, and the current head coach of the Philippines under-16 basketball team. He is considered the best point...
    
     (San Miguel)
  • Mike Mustre (San Miguel)
  • Danny Ildefonso
    Danny Ildefonso
    Danilo Ildefonso is a Filipino professional basketball player for the Petron Blaze Boosters in the Philippine Basketball Association. Nicknamed Danny I and The Demolition Man, Ildefonso is a two-time PBA Most Valuable Player in 2000 and 2001...
    
     (San Miguel)
  • 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...
    
     (San Miguel)
  • Victor Pablo (Formula Shell)
• All Defensive Team
  • Chris Jackson (Formula Shell)
  • Freddie Abuda
    Freddie Abuda
    Freddie Abuda is a former Philippine Basketball Association player. He was drafted by Purefoods, then known Coney Island Ice Cream, in the 2nd round as the 10th overall pick....
    
     (San Miguel)
  • 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 (Mobiline)
  • Patrick Fran (Mobiline)

Awards given by the PBA Press Corps

• Coach of the Year: Perry Ronquillo (Formula Shell)
• Mr. Quality Minutes: Rodney Santos
  Rodney Santos
  John Rodney Santos is a Filipino professional basketball player. He most recently played with the Coca-Cola Tigers. He is also known as "The Slasher" for his slashing ability going to the basket....
  
   (Alaska)
• Executive of the Year: Wilfred Uytengsu (Alaska)
• Comeback Player of the Year: Glenn Capacio (Mobiline)
• Referee of the Year: Franco Ilagan

Cumulative standings