1986 Alaska Milkmen season

The league maintains a six-team field, following the leave of absence by the Magnolia club, one of the three founding members of the PBA.

The other players that were acquired by the latest club were Alejo Alolor, Frankie Lim and Teddy Alfarero from Great Taste.

He was supposed to begin the All-Filipino Conference to handle De La Salle-Zobel in their UAAP debut season.

Starting the second round of eliminations in the third conference, the Milkmen welcomed back Tony Vasquez from the bench, but his return was spoiled by Alaska's 111–114 loss to Manila Beer on October 19.

Two more outings and the coaching job was resumed by former San Bedan, Cesar Jota following Vasquez's sudden passing.