The Toyota Comets and the Crispa Redmanizers played for the inaugural championship contested by the league.
The tournament was officially named as an All-Filipino Conference, but it was reclassified in the 2010s as an import-laced tournament since the league gave teams the option to hire foreign players or "imports".
The Toyota Comets became the league's first champion, winning their series in four games against the Crispa Redmanizers.
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