The participating teams were defending champion Swift Squeeze Juice Drinks, National seniors champion Magnolia Ice Cream, Sta.Lucia Realtors, Philips Sardines, Agfa Color Films, Burger City and the storied Crispa Redmanizers, who were making a comeback from the basketball scene after a five-year absence.
Three teams played as guest squads; El Rancho Meat Loaf of Cebu, composed of a selection from the Visayas, Asia Overseas Transport and Dansei Groom Shop.
Magnolia Ice Cream Makers struggled early in the semifinals and had to beat Crispa Redmanizers in the sudden-death playoff that decoded the second finalist.
[5] Swift Squeeze Juice Drinks, behind the likes of Vergel Meneses, Eugene Quilban, Andy De Guzman and national youth standout Bong Ravena, frustrated Sta.Lucia Realty in the finals for the second time in the season, scoring a 2–0 sweep in their best-of-three title series.
[6] After the two-round eliminations among the seven regular members, Pop Cola (formerly Swift Squeeze), Magnolia, Crispa and Sta.Lucia advances in the semifinal round.