The Alaska Milkmen won all three conferences in the season to become the fourth team in league history to capture the Grandslam, joining the 1976 and 1983 Crispa Redmanizers and 1989 San Miguel Beermen.
[1] Alaska lost their first four outings in the semifinals but bounces back to win three of their last four assignments and defeated Ginebra San Miguel in a playoff match, 96–83 on May 14, for the right to meet Cone's former assistant Chot Reyes and Alvin Patrimonio led-Purefoods Tender Juicy Hotdogs in the All-Filipino finals.
Last year's reinforcement Derrek Hamilton, who led the Milkmen to a runner-up finish, returns as Alaska's import for the Commissioner's Cup.
Resident import Sean Chambers was around and replaces Hamilton and the Milkmen won their next three games and clinch the first finals seat with a come-from-behind 102–98 victory over Ginebra on August 20.
[5] Alaska battled surprise finalist Formula Shell in the best-of-seven championship series and with Shell import Kenny Redfield enjoying a height advantage over his smaller counterpart Sean Chambers, the Zoom Masters took a 2–1 series lead but the Milkmen fought back and won in seven hard-fought games, taking the deciding match, 83–77, to win their fifth PBA title.