The Formula Shell Zoom Masters and San Miguel Beermen played for the 73rd championship contested by the league.
The San Miguel Beermen halted Formula Shell Zoom Masters' two straight title-winning runs and won their first championship in five years, under coach Jong Uichico, ushering a new era in their franchise history.
Shell squandered a 15-point lead early in the third quarter but got big baskets from Benjie Paras and import John Best in the extension period.
[1] The beermen ripped the game wide open in the second quarter when they held the Zoom Masters to only three field goals and a charity while pouring in the shots for a 33-21 halftime advantage, San Miguel entered the fourth period with a 55-44 lead, But John Best, Victor Pablo and Noy Castillo combined to pull Shell within 59-63 with 5:35 remaining, the beermen came through with a 7-2 run with Freddie Abuda making a key putback and Terquin Mott hitting a baseline turnaround shot and a thunderous dunk over Benjie Paras.
Danny Seigle won on his first rookie finals MVP and San Miguel captures on his first championship 12th title [2] 1998 1998