The Formula Shell Super Unleaded and Mobiline Phone Pals played for the 71st championship contested by the league and a rematch of their one-game finale in the 1998 PBA Centennial Cup.
Silas Mills and Tee McClary combined for the last four points of the Phone Pals after Shell briefly took the upper hand on John Best' jumper, 78–77.
Glenn Capacio came up with a clutch basket in the final 30 seconds after Shell threatened at 81–82 with 2:01 left on back-to-back triples by Donald Williams.
Benjie Paras fired 12 of his 18 points in the final quarter as he had all the Zoom Masters' output in an 8–3 run which gave Shell the lead, 90–89, time down to 1:33, Gerry Esplana's fadeaway jumper with 27 ticks left put them in front by three, 92–89.
Mobiline had a chance to win it all at the buzzer but Patrick Fran missed a potential game-winning three-point shot with a second left after failing to give the ball to Silas Mills.