The Alaska Milkmen and Ginebra San Miguel played for the 65th championship contested by the league.
The Alaska Milkmen captured the coveted grandslam, winning their finals series over Ginebra San Miguel, 4 games to 1.
The Milkmen led 104–91 with 3:40 to go, the Gins tried to rally with Fred Cofield hitting a triple to spark a 12–2 run and pulled Ginebra up close, 103–106, time down to 45.6 seconds.
[2] New Ginebra import Derrick Rucker banked in the marginal basket with 29.7 seconds to go, after Jojo Lastimosa's short jumper drew Alaska to within 97–96, with 14.2 seconds left, Rucker's inbound pass was intercepted by Poch Juinio but the Milkmen failed to get a shot on time.
[3] Johnny Abarrientos engineered a searing 11–0 blast from a 62–69 deficit to a 73–69 lead for Alaska at the end of the third quarter.